Bakersfield FHA Loans

BAKERSFIELD, CA

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Bakersfield's 176 lenders originated 5,921 FHA loans during 2021. The total origination value was $1,455,135,000, with an average FHA loan value of $245,758.

Bakersfield FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Bakersfield averaged 5.11% for the week of 2022-05-20, compared to the national average (all FHA variants) of 5.352% for the same period.

The average rate for the prior week (2022-05-13) was 5.41% and one month ago for the week of 2022-04-15, the average rate was 5%.

The average rate one year ago was 2.97%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.16%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Bakersfield FHA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bakersfield level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 367 2.64% $6,834
Sierra Pacific Mortgage Company, Inc. 355 2.91% $10,587
UNITED WHOLESALE MORTGAGE, LLC 293 2.73% $9,651
FREEDOM MORTGAGE CORPORATION 206 2.77% $5,451
CALIBER HOME LOANS, INC. 193 2.78% $8,496
Golden Empire Mortgage, Inc. 181 3.27% $11,616
PENNYMAC LOAN SERVICES, LLC 152 3.06% $5,301
GUILD MORTGAGE COMPANY 146 3.01% $9,583
DIGNIFIED HOME LOANS, LLC 143 2.90% $9,382
HOME POINT FINANCIAL CORPORATION 140 2.79% $9,138
SUMMIT FUNDING, INC. 113 3.30% $12,457
LOANDEPOT.COM, LLC 107 3.16% $10,469
HOMEBRIDGE FINANCIAL SERVICES, INC. 107 2.84% $8,498
Nations Lending Corporation 102 3.27% $10,805
Equity Prime Mortgage LLC 99 3.24% $9,504
Mr. Cooper ( Nationstar Mortgage ) 95 3.21% $4,659
LAKEVIEW LOAN SERVICING, LLC 92 2.92% $4,801
RESIDENTIAL BANCORP. 92 3.07% $12,244
Platinum Home Mortgage Corporation 79 3.12% $12,117
Lakeview Community Capital, LLC 79 2.96% $4,912
Hometown Lenders, Inc. 65 3.18% $10,385
AMERICAN PACIFIC MORTGAGE CORPORATION 64 3.06% $10,328
MLD MORTGAGE INC. 63 3.09% $9,685
BROKER SOLUTIONS, INC. 59 3.11% $8,797
FBC MORTGAGE, LLC 57 3.18% $10,489
CMG MORTGAGE, INC. 52 2.85% $9,340
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 51 3.28% $10,103
OCMBC, INC. 51 2.91% $9,735
Paramount Residential Mortgage Group, Inc. 50 3.13% $9,345
AMERICAN FINANCIAL NETWORK, INC. 49 2.98% $11,594
VILLAGE CAPITAL & INVESTMENT LLC 48 2.78% $3,055
Carrington Mortgage Services, LLC 47 3.26% $9,111
CROSSCOUNTRY MORTGAGE, LLC 46 3.25% $10,466
NATIONS DIRECT MORTGAGE, LLC 42 3.09% $9,487
FINANCE OF AMERICA MORTGAGE LLC 38 3.05% $10,722
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 37 3.48% $11,183
BECKAM FUNDING CORP. 37 3.64% $14,197
Commerce Home Mortgage, Inc. 33 3.13% $8,870
MOUNTAIN WEST FINANCIAL, INC. 32 3.28% $12,190
SUN WEST MORTGAGE COMPANY, INC. 30 2.97% $8,699
LENDUS, LLC 29 2.73% $10,015
EAGLE HOME MORTGAGE, LLC 28 3.24% $10,526
MICHIGAN MUTUAL, INC. 27 2.93% $8,524
DHI MORTGAGE COMPANY, LTD. 26 2.70% $10,166
SECURITYNATIONAL MORTGAGE COMPANY 24 3.35% $10,564
CAMPOS FINANCIAL CORP. 24 3.13% $10,372
AmeriHome Mortgage Company, LLC 22 2.90% $4,270
Hometown Equity Mortgage, LLC 22 3.24% $10,964
NEWREZ LLC 21 2.87% $5,764
PLAZA HOME MORTGAGE, INC. 20 3.13% $8,692
MORTGAGE MANAGEMENT CONSULTANTS, INC. 19 3.14% $8,045
PRIMELENDING, A PLAINSCAPITAL COMPANY 19 3.25% $9,483
PANORAMA MORTGAGE GROUP, LLC 19 3.26% $11,239
AMERISAVE MORTGAGE CORPORATION 19 2.96% $9,176
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 15 2.78% $11,083
PRIMARY RESIDENTIAL MORTGAGE, INC. 15 3.44% $11,976
InterContinental Capital Group, Inc 14 2.90% $7,133
MOVEMENT MORTGAGE, LLC 14 3.08% $8,564
DAS Acquisition Company, LLC 14 3.31% $10,743
KINGS MORTGAGE SERVICES, INC. 14 2.69% $7,700
LOANPAL, LLC 13 2.72% $8,663
CORNERSTONE HOME LENDING, INC. 13 2.89% $9,304
STEARNS LENDING, LLC 13 2.99% $8,511
DRAPER AND KRAMER MORTGAGE CORP. 12 3.32% $10,201
ON Q FINANCIAL, INC. 12 3.53% $9,507
MORIA DEVELOPMENT, INC. 11 3.32% $10,100
ARK-LA-TEX FINANCIAL SERVICES, LLC. 11 2.69% $9,212
COUNTRY CLUB MORTGAGE, INC. 10 3.09% $9,305
WESTERN EXPRESS LENDING 10 2.51% $7,755
GUARANTEED RATE, INC. 10 3.03% $10,294
PLANET HOME LENDING, LLC 10 2.73% $4,905
CELEBRITY HOME LOANS, LLC 9 3.13% $10,390
HighTechLending Inc 9 3.47% $10,429
HOME APPROVALS DIRECT, INC. 9 3.01% $9,901
First Guaranty Mortgage Corporation 9 2.85% $5,781
CALCON MUTUAL MORTGAGE LLC 9 3.81% $10,533
CALCULATED RISK ANALYTICS LLC 9 3.01% $10,261
TOP FLITE FINANCIAL, INC. 8 3.56% $11,668
ROUNDPOINT MORTGAGE SERVICING CORPORATION 8 3.47% $11,587
HOMESIDE FINANCIAL, LLC 8 3.05% $10,430
WALL FINANCIAL, INC. 7 2.86% $11,638
LOANLEADERS OF AMERICA, INC. 7 3.05% $13,838
AUGUSTA FINANCIAL, INC. 7 2.71% $10,344
ML Mortgage Corp. 6 3.15% $9,403
First Standard Financial Corp. 6 3.06% $10,991
Home Mortgage Alliance Corp 6 2.73% $9,633
Bank of America 6 2.96% $7,339
NMSI, INC. 6 3.06% $10,998
ALAMEDA MORTGAGE CORPORATION 5 3.00% $9,457
DATA MORTGAGE, INC. 5 4.00% $10,944
PARKSIDE LENDING, LLC 5 2.73% $9,272
Mortgage Research Center, LLC 5 2.75% $8,690
DEL SUR CORPORATION 4 2.81% $12,977
VISION ONE MORTGAGE, INC. 4 3.25% $6,815
JMJ FINANCIAL GROUP 4 3.22% $9,088
The Federal Savings Bank 4 2.56% $12,687
United Fidelity Funding Corp. 4 2.88% $9,918
AMERICAN FINANCING CORPORATION 4 2.91% $10,457
INSPIRE HOME LOANS INC. 4 2.91% $12,181
RANLIFE, INC. 4 2.97% $9,873
JPMorgan Chase Bank 3 2.92% $7,218
CHERRY CREEK MORTGAGE, LLC 3 3.21% $3,550
KS StateBank 3 2.46% $7,449
SOVEREIGN LENDING GROUP INCORPORATED 3 2.61% $8,517
BEST CAPITAL FUNDING 3 3.21% $7,382
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 3.50% $12,170
BAY EQUITY LLC 3 2.95% $10,876
Barrington Bank & Trust Company, N.A. 3 3.25% $8,829
MASON MCDUFFIE MORTGAGE CORPORATION 3 2.92% $8,617
S1L, Inc. 3 3.71% $7,457
OCEANSIDE MORTGAGE COMPANY 3 3.00% $2,199
PHH Mortgage Corporation 3 3.33% $4,456
KELLER MORTGAGE, LLC 2 2.38% $7,605
AMERICAN FINANCIAL RESOURCES, INC. 2 2.94% $10,055
CHURCHILL MORTGAGE CORPORATION 2 2.88% $9,212
Flagstar Bank, FSB 2 2.81% $9,042
Franklin Loan Corporation 2 3.06% $9,261
INTERNATIONAL CITY MORTGAGE, INC. 2 3.13% $11,845
ACADEMY MORTGAGE CORPORATION 2 3.19% $8,602
LADERA LENDING, INC. 2 2.75% $7,547
Manufacturers and Traders Trust Company 2 3.00% $7,963
MEGA CAPITAL FUNDING, INC. 2 2.56% $8,736
MID AMERICA MORTGAGE, INC. 2 2.75% $3,783
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.75% $12,414
MUTUAL OF OMAHA MORTGAGE, INC. 2 2.56% $11,080
PREMIA MORTGAGE, LLC 2 3.00% $7,955
Residential Mortgage Solutions, Inc. 2 2.62% $8,461
UNITED SECURITY FINANCIAL CORP 2 2.69% $4,231
U.S. Bank 2 2.88% $9,567
Watermark Capital, Inc. 2 2.94% $8,685
Wells Fargo Bank 2 2.75% $8,660
OPEN MORTGAGE, LLC 1 3.50% $8,058
LENDING 3, INC. 1 3.00% $12,270
LEADERONE FINANCIAL CORPORATION 1 2.50% $12,306
LAND HOME FINANCIAL SERVICES, INC. 1 3.75% $16,292
KINECTA 1 3.00% $5,735
JMAC LENDING, INC. 1 2.63% $9,119
Plains Commerce Bank 1 2.63% $11,578
INTELLILOAN, INC. 1 2.88% $8,396
iCore Lending, Inc. 1 2.75% $12,960
HomeStreet Bank 1 2.88% $8,764
AmRes Corporation 1 3.00% $9,691
PREMIER MORTGAGE RESOURCES, L.L.C. 1 3.50% $10,856
HOME FUNDING CORPORATION 1 3.75% $12,326
Prime Choice Funding Inc. 1 2.75% $8,829
GRANDE HOMES, INC. 1 2.75% $7,459
GoPrime Mortgage, Inc. 1 3.00% $16,041
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.88% $14,523
GENEVA FINANCIAL, LLC 1 2.50% $11,701
Amerifirst Financial, Inc. 1 4.38% $7,206
FISHER FINANCIAL GROUP, INCORPORATED 1 3.00% $6,991
First Home Bank 1 2.50% $18,181
San Diego Funding 1 3.00% $10,009
FAY SERVICING, LLC 1 3.50% $4,157
EMM LOANS LLC 1 3.50% $9,787
SNAPFI, INC. 1 2.88% $9,443
EMBRACE HOME LOANS, INC. 1 3.25% $10,232
Colten Mortgage, LLC 1 2.38% $8,483
Strong Home Mortgage, LLC 1 2.63% $8,518
COASTAL FUNDING SLC, INC. 1 3.25% $7,154
Citibank 1 3.25% $7,338
SWBC MORTGAGE CORPORATION 1 3.25% $4,342
Chickasaw Community Bank 1 3.00% $10,232
Blue Ridge Bank 1 2.88% $12,447
Umpqua Bank 1 2.75% $12,632
BEST FINANCE CAPITAL, INC. 1 2.25% $10,062
AHL FUNDING 1 3.25% $9,147
BAYSHORE MORTGAGE FUNDING, LLC 1 3.13% $12,059
ZILLOW HOME LOANS, LLC 1 2.50% $11,906
AXIA FINANCIAL, LLC 1 3.25% $9,755
NETWORK CAPITAL FUNDING CORPORATION 1 2.88% $8,928
Neighborhood Loans, Inc. 1 3.00% $9,549
NP, Inc. 1 3.50% $10,427
MUFG Union Bank 1 2.50% $6,133
Magnolia Bank 1 3.75% $6,897
Loan Simple, Inc. 1 3.63% $9,873

The top Bakersfield FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 367 FHA loans originated. Their average total fees are $6,834, which is $3,753 lower than the next largest lender, Sierra Pacific Mortgage Company, Inc..

The lowest fee Bakersfield FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC ($3,055), AmeriHome Mortgage Company, LLC ($4,270), Mr. Cooper ( Nationstar Mortgage ) ($4,659), LAKEVIEW LOAN SERVICING, LLC ($4,801) and PLANET HOME LENDING, LLC ($4,905).

The lowest rate Bakersfield FHA lenders (with over 10 loans originated) are WESTERN EXPRESS LENDING (2.51%), QUICKEN LOANS, LLC (2.64%), KINGS MORTGAGE SERVICES, INC. (2.69%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (2.69%) and DHI MORTGAGE COMPANY, LTD. (2.70%).

Bakersfield FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
BAKERSFIELD, CA KERN 2022 $420,680 $538,650 $651,050 $809,150

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Bakersfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $240,000 (6.2%) $295,796 (6.5%) 0.88 2,247
2018-02-01 $244,975 (6.5%) $295,240 (4.1%) 0.88 2,305
2018-03-01 $255,000 (6.3%) $295,289 (0.8%) 0.88 2,316
2018-04-01 $259,925 (6.1%) $307,647 (3.7%) 0.87 2,422
2018-05-01 $265,000 (6.8%) $313,203 (5.5%) 0.88 2,411
2018-06-01 $265,000 (5.0%) $310,733 (4.8%) 0.88 2,548
2018-07-01 $262,975 (5.2%) $309,351 (5.2%) 0.88 2,651
2018-08-01 $259,000 (3.6%) $304,821 (4.3%) 0.87 2,700
2018-09-01 $255,000 (2.4%) $305,575 (4.7%) 0.85 2,765
2018-10-01 $249,999 (0.2%) $302,658 (0.7%) 0.84 2,754
2018-11-01 $249,900 (0.4%) $298,910 (0.0%) 0.84 2,685
2018-12-01 $248,000 (1.2%) $294,217 (-1.7%) 0.85 2,509
2019-01-01 $244,975 (2.1%) $291,910 (-1.3%) 0.84 2,287
2019-02-01 $246,350 (0.6%) $294,388 (-0.3%) 0.83 2,280
2019-03-01 $253,614 (-0.5%) $302,030 (2.3%) 0.83 2,304
2019-04-01 $259,900 (0.0%) $311,793 (1.4%) 0.82 2,365
2019-05-01 $260,000 (-1.9%) $312,977 (-0.1%) 0.80 2,471
2019-06-01 $260,000 (-1.9%) $313,655 (0.9%) 0.80 2,566
2019-07-01 $265,700 (1.0%) $316,337 (2.3%) 0.83 2,603
2019-08-01 $262,429 (1.3%) $312,738 (2.6%) 0.83 2,494
2019-09-01 $259,879 (1.9%) $309,710 (1.4%) 0.83 2,321
2019-10-01 $259,450 (3.8%) $308,221 (1.8%) 0.83 2,340
2019-11-01 $259,000 (3.6%) $312,153 (4.4%) 0.84 2,246
2019-12-01 $259,900 (4.8%) $376,444 (28.0%) 0.87 2,048
2020-01-01 $259,950 (6.1%) $314,712 (7.8%) 0.87 1,809
2020-02-01 $263,500 (7.0%) $325,188 (10.5%) 0.85 1,725
2020-03-01 $274,900 (8.4%) $333,579 (10.5%) 0.86 1,750
2020-04-01 $270,000 (3.9%) $327,870 (5.2%) 0.84 1,814
2020-05-01 $274,900 (5.7%) $332,344 (6.2%) 0.83 1,732
2020-06-01 $277,000 (6.5%) $341,697 (8.9%) 0.81 1,527
2020-07-01 $289,250 (8.9%) $351,848 (11.2%) 0.83 1,401
2020-08-01 $299,000 (13.9%) $364,756 (16.6%) 0.85 1,241
2020-09-01 $309,500 (19.1%) $377,520 (21.9%) 0.88 1,275
2020-10-01 $304,000 (17.2%) $377,877 (22.6%) 0.87 1,253
2020-11-01 $299,995 (15.8%) $362,591 (16.2%) 0.86 1,165
2020-12-01 $287,500 (10.6%) $346,097 (-8.1%) 0.84 1,075
2021-01-01 $279,999 (7.7%) $334,823 (6.4%) 0.82 944
2021-02-01 $282,450 (7.2%) $347,616 (6.9%) 0.81 829
2021-03-01 $297,000 (8.0%) $362,198 (8.6%) 0.83 758
2021-04-01 $303,450 (12.4%) $361,245 (10.2%) 0.82 791
2021-05-01 $315,000 (14.6%) $380,733 (14.6%) 0.83 800
2021-06-01 $319,000 (15.2%) $389,167 (13.9%) 0.83 901
2021-07-01 $326,700 (13.0%) $388,080 (10.3%) 0.85 1,044
2021-08-01 $322,500 (7.9%) $386,555 (6.0%) 0.85 1,229
2021-09-01 $325,000 (5.0%) $394,767 (4.6%) 0.86 1,245
2021-10-01 $339,000 (11.5%) $401,576 (6.3%) 0.89 1,311
2021-11-01 $340,000 (13.3%) $411,311 (13.4%) 0.90 1,135
2021-12-01 $345,000 (20.0%) $434,307 (25.5%) 0.92 1,019
2022-01-01 $345,000 (23.2%) $432,152 (29.1%) 0.92 867
2022-02-01 $349,900 (23.9%) $447,854 (28.8%) 0.89 823
2022-03-01 $359,500 (21.0%) $452,716 (25.0%) 0.89 821
2022-04-01 $370,000 (21.9%) $445,450 (23.3%) 0.87 951
Bakersfield's median listing price for 2022-04-01 was $370,000, a difference of $66,550 (21.9%) versus the prior year and $10,500 versus the prior month.

Bakersfield's median listing price comes in at 87% of the national average.

Bakersfield's average listing price for 2022-04-01 was $445,450, a difference of $84,205 (23.3%) versus the prior year and $-7,266 versus the prior month.

For the 2022-04-01 period, Bakersfield had 951 MLS listings, a difference of 130 listings (16%) versus the prior month and 160 listings (20%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Bakersfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 63 days 1,721 sqft
2018-02-01 43 days 1,721 sqft
2018-03-01 43 days 1,750 sqft
2018-04-01 45 days 1,768 sqft
2018-05-01 44 days 1,789 sqft
2018-06-01 45 days 1,787 sqft
2018-07-01 46 days 1,772 sqft
2018-08-01 47 days 1,748 sqft
2018-09-01 47 days 1,740 sqft
2018-10-01 53 days 1,713 sqft
2018-11-01 57 days 1,695 sqft
2018-12-01 66 days 1,688 sqft
2019-01-01 68 days 1,680 sqft
2019-02-01 54 days 1,682 sqft
2019-03-01 47 days 1,715 sqft
2019-04-01 43 days 1,743 sqft
2019-05-01 43 days 1,752 sqft
2019-06-01 46 days 1,736 sqft
2019-07-01 47 days 1,754 sqft
2019-08-01 49 days 1,731 sqft
2019-09-01 49 days 1,714 sqft
2019-10-01 50 days 1,698 sqft
2019-11-01 53 days 1,689 sqft
2019-12-01 57 days 1,685 sqft
2020-01-01 62 days 1,690 sqft
2020-02-01 44 days 1,700 sqft
2020-03-01 40 days 1,741 sqft
2020-04-01 46 days 1,729 sqft
2020-05-01 55 days 1,715 sqft
2020-06-01 49 days 1,731 sqft
2020-07-01 38 days 1,751 sqft
2020-08-01 34 days 1,795 sqft
2020-09-01 30 days 1,816 sqft
2020-10-01 33 days 1,797 sqft
2020-11-01 35 days 1,727 sqft
2020-12-01 38 days 1,645 sqft
2021-01-01 36 days 1,612 sqft
2021-02-01 31 days 1,602 sqft
2021-03-01 22 days 1,627 sqft
2021-04-01 23 days 1,630 sqft
2021-05-01 22 days 1,680 sqft
2021-06-01 23 days 1,661 sqft
2021-07-01 22 days 1,671 sqft
2021-08-01 29 days 1,658 sqft
2021-09-01 30 days 1,639 sqft
2021-10-01 31 days 1,673 sqft
2021-11-01 37 days 1,657 sqft
2021-12-01 40 days 1,685 sqft
2022-01-01 39 days 1,655 sqft
2022-02-01 29 days 1,674 sqft
2022-03-01 25 days 1,706 sqft
2022-04-01 22 days 1,736 sqft
Bakersfield's median listing age (time on market) for 2022-04-01 was 22 days. This is -2% shorter than the same period one year ago.

Bakersfield's median square footage for active listings during the 2022-04-01 period was 1,736 sqft. One year prior, the average listing was 1,630 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).