First time home buyer. We qualify for a VA loan of 150k and we can put up a 200k down payment. That said, we really don’t want “the most house we can afford”. We really don’t have that much month to month.

We found a property we like. It’s never been under contract, but it’s been on the market for >6 months. It’s listed for 330k and is offering a two year 2-1 buy down, which would cost them 7k ish if the loan was for 330k. In reality, it would be less since our loan is only max 150k.

My agent says he usually asks 10k under + closing costs and negotiates from there since it’s a “buyer’s market” in our area, apparently.

I figured we could ask 315k + closing and drop the buy down.

He called today saying he’s spoken with… I’m not sure her title, but like a VA loan coordinator? Anyway, she says the VA caps concessions at 4%.…