Bowling Green FHA Loan Rates, Closing Costs & Stats

BOWLING GREEN, KY

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    • 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.

    Bowling Green's 89 lenders originated 658 FHA loans during 2024. The total origination value was $164,150,000, with an average FHA loan value of $249,468.

    Bowling Green FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Bowling Green averaged 6.25% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Bowling Green's average FHA mortgage closing costs are $7,486.

    The average rate for the prior week (2025-03-28) was 6.24% and one month ago for the week of 2025-02-28, the average rate was 6.53%.

    The average rate one year ago was 6.45%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.12%.

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

    Bowling Green FHA Loan Lenders by Rates & Fees

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

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 112 6.58% $11,206
    FBC MORTGAGE, LLC 72 5.00% $10,293
    QUICKEN LOANS, LLC 31 6.59% $9,369
    RUOFF MORTGAGE COMPANY, INC. 31 6.83% $6,313
    EVANSVILLE TEACHERS 31 6.42% $7,833
    FREEDOM MORTGAGE CORPORATION 28 6.19% $12,906
    UNITED WHOLESALE MORTGAGE, LLC 26 6.05% $12,175
    STOCKTON MORTGAGE CORPORATION 25 6.58% $10,607
    U.S. Bank 21 6.68% $7,214
    FIRST COMMUNITY MORTGAGE, INC. 20 6.29% $12,837
    Century Mortgage Company DBA Century Lending Company 14 5.95% $13,207
    SOUTH CENTRAL BANK, INC. 14 6.21% $8,281
    EVERETT FINANCIAL, INC. 12 6.55% $10,023
    PENNYMAC LOAN SERVICES, LLC 11 6.06% $8,239
    German American Bank 11 6.43% $8,145
    UNION HOME MORTGAGE CORP. 9 6.32% $8,227
    LOANDEPOT.COM, LLC 7 6.48% $13,644
    Northpointe Bank 6 5.96% $9,844
    Mr. Cooper ( Nationstar Mortgage ) 6 6.63% $8,196
    MOVEMENT MORTGAGE, LLC 6 6.54% $10,174
    Magnolia Bank 6 6.17% $8,890
    ROSS MORTGAGE CORPORATION 6 7.02% $9,945
    Paramount Residential Mortgage Group, Inc. 4 6.40% $12,473
    Prosperity Home Mortgage, LLC 4 6.28% $13,355
    PREMIER MORTGAGE RESOURCES, L.L.C. 4 6.63% $12,281
    Carrington Mortgage Services, LLC 4 6.09% $10,809
    BROKER SOLUTIONS, INC. 4 7.06% $9,801
    Truist 4 6.35% $8,052
    ACOPIA, LLC 4 6.56% $10,908
    GUARANTEED RATE, INC. 3 6.50% $8,579
    ENDEAVOR CAPITAL, LLC. 3 6.54% $10,503
    AMERICAN FINANCIAL NETWORK, INC. 3 6.13% $10,688
    GENEVA FINANCIAL, LLC 3 6.29% $11,170
    NEWREZ LLC 3 6.42% $7,899
    FirstBank 3 6.79% $5,432
    CARDINAL FINANCIAL 3 6.67% $10,964
    Equity Prime Mortgage LLC 2 7.19% $13,662
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.25% $9,981
    AMERISAVE MORTGAGE CORPORATION 2 5.88% $12,927
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.00% $11,075
    CMG MORTGAGE, INC. 2 5.69% $11,358
    HOMESIDE FINANCIAL, LLC 2 6.88% $10,404
    LEADERONE FINANCIAL CORPORATION 2 6.75% $11,613
    MID AMERICA MORTGAGE, INC. 2 6.81% $5,842
    Mortgage Research Center, LLC 2 6.94% $3,330
    MUTUAL OF OMAHA MORTGAGE, INC. 2 7.00% $15,091
    Peoples Bank 2 6.25% $9,592
    PLAZA HOME MORTGAGE, INC. 2 6.00% $18,526
    PNC Bank 2 6.63% $8,809
    RELIANCE FIRST CAPITAL, LLC 2 7.25% $8,726
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 4.99% $8,530
    NEW DAY FINANCIAL, LLC 1 7.38% $4,074
    LAKEVIEW LOAN SERVICING, LLC 1 6.75% $12,074
    JPMorgan Chase Bank 1 6.75% $10,020
    OCEANSIDE MORTGAGE COMPANY 1 5.75% $5,935
    INTERLINC MORTGAGE SERVICES, LLC 1 6.75% $5,141
    Flagstar Bank, FSB 1 5.88% $8,163
    Alcova Mortgage LLC 1 5.75% $6,143
    Plains Commerce Bank 1 6.63% $14,402
    ZILLOW HOME LOANS, LLC 1 6.75% $7,899
    PLUS RELOCATION MORTGAGE, LLC 1 7.75% $9,483
    VILLAGE CAPITAL MORTGAGE 1 7.25% $1,495
    PREMIA MORTGAGE, LLC 1 6.25% $7,957
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $14,817
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.63% $12,986
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.75% $4,692
    Citizens Bank 1 6.75% $4,268
    Wells Fargo Bank 1 5.63% $12,223
    Renasant Bank 1 6.25% $6,222
    CANOPY MORTGAGE, LLC 1 6.25% $11,704
    BETTER MORTGAGE CORPORATION 1 7.63% $7,972
    SIRVA MORTGAGE, INC. 1 6.50% $4,560
    BAY EQUITY LLC 1 6.75% $11,811
    SOUTHWEST FUNDING, LP 1 7.63% $10,505
    Bank of England 1 6.50% $9,849
    Stock Yards Bank & Trust Company 1 6.50% $7,881
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.50% $11,045
    The Central Trust Bank 1 5.75% $10,892
    The Farmers Bank 1 5.75% $6,949
    The Loan Store, Inc. 1 6.75% $12,675
    TOP FLITE FINANCIAL, INC. 1 6.63% $5,481
    Assurance Financial Group, L.L.C. 1 6.13% $17,411
    MORTGAGE INVESTORS GROUP, INC. 1 6.49% $7,971
    Arvest Bank 1 6.38% $10,534
    Legacy Home Loans, LLC 1 5.75% $8,357
    LAND HOME FINANCIAL SERVICES, INC. 1 6.75% $9,354
    American Mortgage & Equity Consultants, Inc. 1 6.00% $10,925
    Nations Lending Corporation 1 6.75% $11,187
    NBKC BANK 1 6.13% $7,801

    The top Bowling Green FHA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 112 FHA loans originated. Their average total fees are $11,206, which is $912 higher than the next largest lender, FBC MORTGAGE, LLC.

    The lowest fee Bowling Green FHA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($6,313), U.S. Bank ($7,214), EVANSVILLE TEACHERS ($7,833), German American Bank ($8,145) and PENNYMAC LOAN SERVICES, LLC ($8,239).

    The lowest rate Bowling Green FHA lenders (with over 10 loans originated) are FBC MORTGAGE, LLC (5.00%), Century Mortgage Company DBA Century Lending Company (5.95%), UNITED WHOLESALE MORTGAGE, LLC (6.05%), PENNYMAC LOAN SERVICES, LLC (6.06%) and FREEDOM MORTGAGE CORPORATION (6.19%).

    Bowling Green FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BOWLING GREEN, KY ALLEN 2022 $420,680 $538,650 $651,050 $809,150
    BOWLING GREEN, KY BUTLER 2022 $420,680 $538,650 $651,050 $809,150
    BOWLING GREEN, KY EDMONSON 2022 $420,680 $538,650 $651,050 $809,150
    BOWLING GREEN, KY WARREN 2022 $420,680 $538,650 $651,050 $809,150
    BOWLING GREEN, KY ALLEN 2023 $472,030 $604,400 $730,525 $907,900
    BOWLING GREEN, KY BUTLER 2023 $472,030 $604,400 $730,525 $907,900
    BOWLING GREEN, KY EDMONSON 2023 $472,030 $604,400 $730,525 $907,900
    BOWLING GREEN, KY WARREN 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bowling Green (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 $227,450 (1.1%) $292,287 (2.2%) 0.84 571
    2018-02-01 $236,975 (2.0%) $295,081 (-0.7%) 0.86 558
    2018-03-01 $239,900 (-3.6%) $292,594 (-3.2%) 0.84 572
    2018-04-01 $239,900 (-1.5%) $298,862 (-0.2%) 0.81 589
    2018-05-01 $241,331 (-2.2%) $302,945 (-0.2%) 0.81 627
    2018-06-01 $255,000 (0.5%) $309,629 (-0.4%) 0.85 640
    2018-07-01 $267,100 (6.9%) $319,404 (6.5%) 0.89 656
    2018-08-01 $269,925 (8.0%) $322,802 (5.9%) 0.90 694
    2018-09-01 $264,900 (10.4%) $318,081 (4.2%) 0.89 715
    2018-10-01 $257,450 (8.5%) $308,641 (1.1%) 0.87 753
    2018-11-01 $249,900 (9.0%) $300,328 (0.7%) 0.85 778
    2018-12-01 $249,900 (13.6%) $303,014 (4.5%) 0.86 746
    2019-01-01 $254,875 (12.1%) $305,582 (4.6%) 0.88 660
    2019-02-01 $258,400 (9.0%) $306,360 (3.8%) 0.87 682
    2019-03-01 $264,186 (10.1%) $312,771 (6.9%) 0.86 681
    2019-04-01 $266,710 (11.2%) $313,765 (5.0%) 0.85 701
    2019-05-01 $269,900 (11.8%) $313,896 (3.6%) 0.84 741
    2019-06-01 $269,900 (5.8%) $308,772 (-0.3%) 0.84 761
    2019-07-01 $260,552 (-2.5%) $299,686 (-6.2%) 0.82 788
    2019-08-01 $253,536 (-6.1%) $293,867 (-9.0%) 0.80 790
    2019-09-01 $251,491 (-5.1%) $289,566 (-9.0%) 0.80 795
    2019-10-01 $249,900 (-2.9%) $287,992 (-6.7%) 0.81 806
    2019-11-01 $249,700 (-0.1%) $291,097 (-3.1%) 0.82 820
    2019-12-01 $249,900 (0.0%) $299,345 (-1.2%) 0.83 688
    2020-01-01 $251,400 (-1.4%) $299,400 (-2.0%) 0.84 629
    2020-02-01 $259,900 (0.6%) $304,465 (-0.6%) 0.85 609
    2020-03-01 $259,900 (-1.6%) $310,925 (-0.6%) 0.81 586
    2020-04-01 $258,300 (-3.2%) $306,743 (-2.2%) 0.81 599
    2020-05-01 $259,900 (-3.7%) $306,180 (-2.5%) 0.79 577
    2020-06-01 $262,175 (-2.9%) $318,057 (3.0%) 0.77 522
    2020-07-01 $269,900 (3.6%) $320,927 (7.1%) 0.78 473
    2020-08-01 $269,900 (6.5%) $326,147 (11.0%) 0.77 440
    2020-09-01 $268,850 (6.9%) $336,722 (16.3%) 0.77 414
    2020-10-01 $264,900 (6.0%) $336,112 (16.7%) 0.76 385
    2020-11-01 $244,725 (-2.0%) $305,209 (4.9%) 0.72 397
    2020-12-01 $239,900 (-4.0%) $300,275 (0.3%) 0.71 381
    2021-01-01 $249,900 (-0.6%) $307,529 (2.7%) 0.75 335
    2021-02-01 $249,225 (-4.1%) $304,296 (-0.1%) 0.73 281
    2021-03-01 $253,675 (-2.4%) $311,551 (0.2%) 0.72 286
    2021-04-01 $262,400 (1.6%) $328,906 (7.2%) 0.71 229
    2021-05-01 $269,900 (3.9%) $354,912 (15.9%) 0.72 224
    2021-06-01 $265,925 (1.4%) $357,171 (12.3%) 0.70 237
    2021-07-01 $269,900 (0.0%) $370,789 (15.5%) 0.71 287
    2021-08-01 $287,175 (6.4%) $372,681 (14.3%) 0.77 318
    2021-09-01 $285,000 (6.0%) $371,162 (10.2%) 0.76 346
    2021-10-01 $285,000 (7.6%) $376,347 (12.0%) 0.76 359
    2021-11-01 $296,950 (21.3%) $381,733 (25.1%) 0.79 359
    2021-12-01 $299,225 (24.7%) $381,791 (27.2%) 0.81 314
    2022-01-01 $289,900 (16.0%) $378,813 (23.2%) 0.78 254
    2022-02-01 $297,950 (19.6%) $372,264 (22.3%) 0.77 226
    2022-03-01 $297,450 (17.3%) $396,530 (27.3%) 0.74 188
    2022-04-01 $309,900 (18.1%) $405,316 (23.2%) 0.74 199
    2022-05-01 $305,200 (13.1%) $402,446 (13.4%) 0.70 223
    2022-06-01 $324,900 (22.2%) $401,342 (12.4%) 0.72 270
    2022-07-01 $329,900 (22.2%) $395,778 (6.7%) 0.74 354
    2022-08-01 $334,131 (16.4%) $397,923 (6.8%) 0.77 355
    2022-09-01 $338,813 (18.9%) $399,218 (7.6%) 0.79 359
    2022-10-01 $338,900 (18.9%) $408,910 (8.7%) 0.80 399
    2022-11-01 $331,098 (11.5%) $658,892 (72.6%) 0.80 435
    2022-12-01 $323,450 (8.1%) $393,807 (3.2%) 0.80 417
    2023-01-01 $318,950 (10.0%) $392,463 (3.6%) 0.79 383
    2023-02-01 $329,650 (10.6%) $397,143 (6.7%) 0.80 397
    2023-03-01 $329,900 (10.9%) $400,933 (1.1%) 0.78 404
    2023-04-01 $337,250 (8.8%) $406,755 (0.4%) 0.78 402
    2023-05-01 $343,950 (12.7%) $422,198 (4.9%) 0.78 416
    2023-06-01 $352,750 (8.6%) $427,775 (6.6%) 0.79 464
    2023-07-01 $345,000 (4.6%) $422,066 (6.6%) 0.78 489
    2023-08-01 $337,400 (1.0%) $413,544 (3.9%) 0.77 524
    2023-09-01 $324,900 (-4.1%) $401,046 (0.5%) 0.76 545
    2023-10-01 $325,725 (-3.9%) $393,542 (-3.8%) 0.77 573
    2023-11-01 $318,175 (-3.9%) $383,193 (-41.8%) 0.76 594
    2023-12-01 $304,950 (-5.7%) $369,252 (-6.2%) 0.74 603
    2024-01-01 $309,400 (-3.0%) $366,644 (-6.6%) 0.76 571
    2024-02-01 $309,900 (-6.0%) $371,778 (-6.4%) 0.75 584
    2024-03-01 $314,900 (-4.6%) $385,711 (-3.8%) 0.74 598
    2024-04-01 $324,400 (-3.8%) $394,698 (-3.0%) 0.75 624
    2024-05-01 $324,900 (-5.5%) $397,782 (-5.8%) 0.74 621
    2024-06-01 $324,900 (-7.9%) $391,528 (-8.5%) 0.74 660
    2024-07-01 $322,450 (-6.5%) $384,721 (-8.9%) 0.74 709
    2024-08-01 $315,000 (-6.6%) $382,895 (-7.4%) 0.73 729
    2024-09-01 $315,000 (-3.1%) $380,546 (-5.1%) 0.74 762
    2024-10-01 $313,400 (-3.8%) $376,296 (-4.4%) 0.74 772
    2024-11-01 $314,500 (-1.2%) $372,854 (-2.7%) 0.75 812
    2024-12-01 $314,375 (3.1%) $366,277 (-0.8%) 0.78 760
    2025-01-01 $314,500 (1.7%) $366,661 (0.0%) 0.79 727
    2025-02-01 $314,900 (1.6%) $375,147 (0.9%) 0.76 711
    2025-03-01 $319,900 (1.6%) $380,480 (-1.4%) 0.00 735
    Bowling Green's median listing price for 2025-03-01 was $319,900, a difference of $5,000 (1.6%) versus the prior year and $5,000 versus the prior month.

    Bowling Green's median listing price comes in at 0% of the national average.

    Bowling Green's average listing price for 2025-03-01 was $380,480, a difference of $-5,231 (-1.4%) versus the prior year and $5,333 versus the prior month.

    For the 2025-03-01 period, Bowling Green had 735 MLS listings, a difference of 24 listings (3%) versus the prior month and 137 listings (23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bowling Green (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 94 days 2,001 sqft
    2018-02-01 94 days 2,004 sqft
    2018-03-01 67 days 2,003 sqft
    2018-04-01 60 days 2,058 sqft
    2018-05-01 59 days 2,069 sqft
    2018-06-01 54 days 2,173 sqft
    2018-07-01 58 days 2,214 sqft
    2018-08-01 61 days 2,283 sqft
    2018-09-01 68 days 2,250 sqft
    2018-10-01 71 days 2,194 sqft
    2018-11-01 73 days 2,122 sqft
    2018-12-01 85 days 2,100 sqft
    2019-01-01 88 days 2,100 sqft
    2019-02-01 87 days 2,100 sqft
    2019-03-01 81 days 2,146 sqft
    2019-04-01 74 days 2,170 sqft
    2019-05-01 63 days 2,180 sqft
    2019-06-01 59 days 2,181 sqft
    2019-07-01 61 days 2,163 sqft
    2019-08-01 62 days 2,090 sqft
    2019-09-01 66 days 2,067 sqft
    2019-10-01 68 days 2,053 sqft
    2019-11-01 71 days 2,035 sqft
    2019-12-01 81 days 2,012 sqft
    2020-01-01 95 days 2,011 sqft
    2020-02-01 99 days 2,049 sqft
    2020-03-01 75 days 2,072 sqft
    2020-04-01 68 days 2,029 sqft
    2020-05-01 74 days 2,011 sqft
    2020-06-01 75 days 2,047 sqft
    2020-07-01 73 days 2,062 sqft
    2020-08-01 68 days 2,075 sqft
    2020-09-01 55 days 2,054 sqft
    2020-10-01 57 days 2,000 sqft
    2020-11-01 51 days 1,856 sqft
    2020-12-01 58 days 1,844 sqft
    2021-01-01 73 days 1,862 sqft
    2021-02-01 66 days 1,796 sqft
    2021-03-01 45 days 1,834 sqft
    2021-04-01 39 days 1,812 sqft
    2021-05-01 38 days 1,860 sqft
    2021-06-01 32 days 1,798 sqft
    2021-07-01 31 days 1,850 sqft
    2021-08-01 32 days 1,900 sqft
    2021-09-01 37 days 1,914 sqft
    2021-10-01 44 days 1,866 sqft
    2021-11-01 49 days 1,955 sqft
    2021-12-01 52 days 1,988 sqft
    2022-01-01 65 days 1,851 sqft
    2022-02-01 50 days 1,813 sqft
    2022-03-01 37 days 1,821 sqft
    2022-04-01 26 days 1,830 sqft
    2022-05-01 31 days 1,854 sqft
    2022-06-01 31 days 1,963 sqft
    2022-07-01 33 days 2,008 sqft
    2022-08-01 46 days 1,940 sqft
    2022-09-01 49 days 1,943 sqft
    2022-10-01 45 days 1,979 sqft
    2022-11-01 52 days 1,950 sqft
    2022-12-01 64 days 1,940 sqft
    2023-01-01 79 days 1,930 sqft
    2023-02-01 62 days 1,917 sqft
    2023-03-01 52 days 1,919 sqft
    2023-04-01 59 days 1,925 sqft
    2023-05-01 53 days 1,961 sqft
    2023-06-01 46 days 1,977 sqft
    2023-07-01 47 days 1,914 sqft
    2023-08-01 50 days 1,899 sqft
    2023-09-01 53 days 1,825 sqft
    2023-10-01 63 days 1,817 sqft
    2023-11-01 67 days 1,801 sqft
    2023-12-01 73 days 1,723 sqft
    2024-01-01 79 days 1,735 sqft
    2024-02-01 67 days 1,748 sqft
    2024-03-01 52 days 1,750 sqft
    2024-04-01 52 days 1,770 sqft
    2024-05-01 56 days 1,808 sqft
    2024-06-01 51 days 1,793 sqft
    2024-07-01 51 days 1,748 sqft
    2024-08-01 60 days 1,717 sqft
    2024-09-01 61 days 1,704 sqft
    2024-10-01 64 days 1,700 sqft
    2024-11-01 68 days 1,694 sqft
    2024-12-01 80 days 1,691 sqft
    2025-01-01 81 days 1,693 sqft
    2025-02-01 81 days 1,700 sqft
    2025-03-01 0 days 1,734 sqft
    Bowling Green's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Bowling Green's median square footage for active listings during the 2025-03-01 period was 1,734 sqft. One year prior, the average listing was 1,750 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).