If I see one more offer with "seller to credit the buyers with x amount of dollars towards buyers' recurring and non-recurring costs, I would love to literally scream at whoever trained these agents.

How in the world would someone expect a seller to be contributing towards recurring costs for the lifetime of the new loan??? Where is the logic to even writing up an offer like that???

I'll get off my soapbox now.

Never seen such crazy talk..............yet

It is very common terminology in my turf. It's a set amount of comtribution that can be applied to two different types of costs. The reason we use it here is that the standard contract reads $xxx to "lenders fees". If you want the contribution to also be used for pre-paid interest, insurance, taxes paid up front or other non-lender related buyer's costs, then those fees are in a different category. The category of recurring fees. Lender fees are non-recurring - one shot fees. The max contribution is still the same.

common here, except we have "closing costs" in that statement.

Recurring costs, for example, would be taxes. They are due on a biannual basis.

Non-recurring closing costs would be inspections. Costs that only come up due to the sale of the house.