Fresno FHA Loan Rates, Closing Costs & Stats

FRESNO, CA

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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.

    Fresno's 150 lenders originated 4,189 FHA loans during 2021. The total origination value was $1,099,745,000, with an average FHA loan value of $262,532.

    Fresno FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Fresno averaged 6.21% for the week of 2022-12-02, compared to the national average (all FHA variants) of 6.466% for the same period.

    Fresno's average FHA mortgage closing costs are $8,616.

    The average rate for the prior week (2022-11-25) was 6.43% and one month ago for the week of 2022-10-28, the average rate was 6.67%.

    The average rate one year ago was 3.2%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.4%.

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

    Fresno 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 Fresno level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    QUICKEN LOANS, LLC 267 2.67% $7,036
    UNITED WHOLESALE MORTGAGE, LLC 258 2.73% $9,174
    HOME POINT FINANCIAL CORPORATION 166 2.79% $8,982
    ALAMEDA MORTGAGE CORPORATION 152 3.22% $10,034
    FREEDOM MORTGAGE CORPORATION 151 2.78% $5,283
    HOMEBRIDGE FINANCIAL SERVICES, INC. 148 2.94% $10,294
    COUNTRY CLUB MORTGAGE, INC. 108 2.96% $9,702
    Sierra Pacific Mortgage Company, Inc. 104 2.75% $11,207
    PENNYMAC LOAN SERVICES, LLC 98 2.96% $5,779
    AMERICAN PACIFIC MORTGAGE CORPORATION 95 2.99% $9,870
    KINGS MORTGAGE SERVICES, INC. 89 2.79% $10,071
    CMG MORTGAGE, INC. 85 2.72% $11,883
    Lakeview Community Capital, LLC 84 2.85% $4,953
    LAKEVIEW LOAN SERVICING, LLC 78 2.90% $5,110
    Mr. Cooper ( Nationstar Mortgage ) 78 3.24% $4,855
    Amerifirst Financial, Inc. 60 3.17% $10,102
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 59 3.43% $12,411
    FINANCE OF AMERICA MORTGAGE LLC 57 2.66% $8,830
    AMERICAN FINANCIAL NETWORK, INC. 53 3.04% $12,219
    Carrington Mortgage Services, LLC 49 3.22% $8,909
    CALIBER HOME LOANS, INC. 47 2.67% $6,962
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 42 3.24% $10,345
    Platinum Home Mortgage Corporation 42 3.13% $13,579
    CROSSCOUNTRY MORTGAGE, LLC 40 3.12% $10,511
    GUILD MORTGAGE COMPANY 40 3.09% $10,384
    LOANDEPOT.COM, LLC 36 3.09% $9,508
    Commerce Home Mortgage, Inc. 34 2.92% $10,371
    VILLAGE CAPITAL MORTGAGE 31 2.76% $3,190
    NEWREZ LLC 31 2.87% $5,929
    BROKER SOLUTIONS, INC. 30 2.89% $8,844
    BAY EQUITY LLC 29 3.11% $10,557
    MUFG Union Bank 29 2.69% $7,558
    PREMIER MORTGAGE RESOURCES, L.L.C. 26 3.03% $10,225
    KBHS HOME LOANS, LLC 25 3.11% $12,438
    Hometown Equity Mortgage, LLC 24 3.40% $11,509
    BEST CAPITAL FUNDING 23 2.43% $10,812
    SUMMIT FUNDING, INC. 22 3.24% $11,123
    SUN WEST MORTGAGE COMPANY, INC. 21 3.16% $9,392
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 20 3.21% $9,398
    Golden Empire Mortgage, Inc. 19 3.24% $12,135
    RESIDENTIAL BANCORP. 19 3.19% $10,859
    AmeriHome Mortgage Company, LLC 19 2.84% $5,049
    First Guaranty Mortgage Corporation 18 2.78% $7,229
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 18 3.13% $8,834
    LOANPAL, LLC 18 2.69% $9,572
    Prosperity Home Mortgage, LLC 18 3.60% $9,289
    AMERISAVE MORTGAGE CORPORATION 17 2.83% $8,946
    EAGLE HOME MORTGAGE, LLC 16 3.14% $11,067
    MOUNTAIN WEST FINANCIAL, INC. 15 3.56% $15,130
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 15 2.88% $12,483
    Paramount Residential Mortgage Group, Inc. 13 2.97% $9,524
    INSPIRE HOME LOANS INC. 12 3.08% $10,779
    NATIONS DIRECT MORTGAGE, LLC 11 3.08% $10,261
    Equity Prime Mortgage LLC 11 2.97% $10,437
    ACADEMY MORTGAGE CORPORATION 10 3.15% $10,549
    PLAZA HOME MORTGAGE, INC. 10 2.96% $8,382
    STEARNS LENDING, LLC 10 3.26% $9,669
    ENVOY MORTGAGE, LTD 9 3.19% $12,269
    Flagstar Bank, FSB 9 2.84% $9,013
    PRIMARY RESIDENTIAL MORTGAGE, INC. 9 3.25% $10,117
    OCMBC, INC. 9 2.79% $9,593
    DHI MORTGAGE COMPANY, LTD. 9 2.91% $9,544
    PLANET HOME LENDING, LLC 8 2.56% $5,619
    CHERRY CREEK MORTGAGE, LLC 8 3.00% $3,672
    Bank of America 8 2.84% $6,329
    WESTERN EXPRESS LENDING 8 2.86% $8,574
    InterContinental Capital Group, Inc 7 2.63% $7,821
    GUARANTEED RATE, INC. 7 2.88% $9,886
    MUTUAL OF OMAHA MORTGAGE, INC. 7 2.73% $8,370
    PACIFIC RESIDENTIAL MORTGAGE, LLC 7 3.64% $10,653
    THE GOLDEN 1 7 3.00% $8,885
    AMERICAN FINANCING CORPORATION 7 2.89% $7,723
    SECURITYNATIONAL MORTGAGE COMPANY 6 3.13% $12,087
    Prime Choice Funding Inc. 6 2.87% $9,267
    CALCON MUTUAL MORTGAGE LLC 5 3.20% $10,259
    EVERETT FINANCIAL, INC. 5 3.43% $7,563
    VERITAS FUNDING, LLC 5 2.85% $11,179
    SCENIC OAKS FUNDING, INC. 5 2.68% $8,530
    MLD MORTGAGE INC. 5 3.33% $9,454
    CELEBRITY HOME LOANS, LLC 5 3.23% $7,906
    CITYWIDE HOME LOANS, LLC 5 3.23% $9,210
    SOVEREIGN LENDING GROUP INCORPORATED 4 2.66% $10,390
    BECKAM FUNDING CORP. 4 3.25% $13,444
    JPMorgan Chase Bank 4 2.78% $8,753
    MASON MCDUFFIE MORTGAGE CORPORATION 4 2.94% $9,153
    T2 FINANCIAL LLC 4 3.28% $12,031
    MID AMERICA MORTGAGE, INC. 4 2.90% $3,531
    MOVEMENT MORTGAGE, LLC 4 3.44% $9,003
    The Federal Savings Bank 4 2.56% $12,319
    ROYAL UNITED MORTGAGE LLC 3 2.75% $12,931
    OCEANSIDE MORTGAGE COMPANY 3 2.41% $2,762
    CALCULATED RISK ANALYTICS LLC 3 3.17% $7,032
    TOP FLITE FINANCIAL, INC. 3 3.25% $15,120
    FBC MORTGAGE, LLC 3 2.96% $8,564
    LOANLEADERS OF AMERICA, INC. 3 2.79% $11,452
    Plains Commerce Bank 3 2.79% $10,805
    UNITED SECURITY FINANCIAL CORP 2 2.63% $5,684
    LAND HOME FINANCIAL SERVICES, INC. 2 3.81% $11,712
    DATA MORTGAGE, INC. 2 4.00% $12,256
    Colten Mortgage, LLC 2 2.50% $8,062
    Colonial Savings, F.A. 2 3.19% $9,866
    CLEARPATH LENDING 2 3.00% $4,732
    WALL FINANCIAL, INC. 2 3.06% $8,730
    Nations Lending Corporation 2 2.81% $10,996
    NEXERA HOLDING LLC 2 3.19% $8,107
    PARKSIDE LENDING, LLC 2 2.88% $7,376
    PHH Mortgage Corporation 2 3.13% $4,465
    GUARANTEED RATE AFFINITY, LLC 2 2.69% $8,521
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.19% $11,083
    Barrington Bank & Trust Company, N.A. 2 2.88% $20,985
    Residential Mortgage Solutions, Inc. 2 2.81% $7,470
    Bank of England 2 3.63% $10,445
    ARC HOME LLC 2 2.69% $7,319
    Franklin Loan Corporation 2 3.94% $13,983
    KELLER MORTGAGE, LLC 2 3.00% $8,785
    GENEVA FINANCIAL, LLC 2 3.00% $11,184
    VISION ONE MORTGAGE, INC. 2 2.50% $7,208
    INTELLILOAN, INC. 2 2.69% $5,567
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 2.75% $7,341
    NETWORK CAPITAL FUNDING CORPORATION 1 3.63% $13,044
    JMJ FINANCIAL GROUP 1 3.13% $10,002
    Bank of the West 1 3.88% $7,360
    U.S. Bank 1 2.88% $7,405
    LADERA LENDING, INC. 1 2.50% $13,382
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $10,771
    Mortgage Research Center, LLC 1 2.25% $15,583
    S1L, Inc. 1 3.63% $15,457
    MORIA DEVELOPMENT, INC. 1 3.13% $11,331
    MID-VALLEY SERVICES, INC. 1 3.13% $14,214
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 2.75% $5,281
    SNAPFI, INC. 1 2.63% $7,774
    MEGA CAPITAL FUNDING, INC. 1 3.13% $6,654
    Wyndham Capital Mortgage, Inc. 1 3.13% $6,465
    AXIA FINANCIAL, LLC 1 2.88% $13,078
    AMCAP MORTGAGE, LTD. 1 2.99% $10,110
    LEADERONE FINANCIAL CORPORATION 1 2.88% $5,532
    Texana Bank 1 4.25% $7,803
    Wells Fargo Bank 1 2.88% $10,932
    PANORAMA MORTGAGE GROUP, LLC 1 3.25% $16,590
    Home Mortgage Alliance Corp 1 2.88% $8,526
    DIGNIFIED HOME LOANS, LLC 1 2.75% $7,191
    OPEN MORTGAGE, LLC 1 2.75% $6,074
    FAY SERVICING, LLC 1 2.75% $4,593
    First Bank 1 4.13% $15,411
    FirstBank 1 2.63% $7,247
    OAKTREE FUNDING CORP. 1 3.63% $7,480
    First Federal Bank of Kansas City 1 2.75% $8,742
    NP, Inc. 1 3.25% $5,952
    DRAPER AND KRAMER MORTGAGE CORP. 1 2.75% $9,029
    CHURCHILL MORTGAGE CORPORATION 1 2.50% $9,786

    The top Fresno FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 267 FHA loans originated. Their average total fees are $7,036, which is $2,139 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Fresno FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($3,190), Mr. Cooper ( Nationstar Mortgage ) ($4,855), Lakeview Community Capital, LLC ($4,953), AmeriHome Mortgage Company, LLC ($5,049) and LAKEVIEW LOAN SERVICING, LLC ($5,110).

    The lowest rate Fresno FHA lenders (with over 10 loans originated) are BEST CAPITAL FUNDING (2.43%), FINANCE OF AMERICA MORTGAGE LLC (2.66%), QUICKEN LOANS, LLC (2.67%), CALIBER HOME LOANS, INC. (2.67%) and LOANPAL, LLC (2.69%).

    Fresno FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fresno (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 $299,990 (11.6%) $387,495 (6.5%) 1.11 1,261
    2018-02-01 $299,575 (11.2%) $389,566 (7.3%) 1.09 1,278
    2018-03-01 $300,000 (11.1%) $397,689 (8.6%) 1.05 1,322
    2018-04-01 $310,593 (7.5%) $399,753 (6.4%) 1.05 1,389
    2018-05-01 $313,000 (4.4%) $407,362 (3.2%) 1.05 1,456
    2018-06-01 $315,000 (2.4%) $413,073 (3.0%) 1.05 1,553
    2018-07-01 $315,000 (5.0%) $406,358 (1.5%) 1.05 1,634
    2018-08-01 $316,500 (5.7%) $400,591 (0.6%) 1.06 1,738
    2018-09-01 $312,425 (4.5%) $393,909 (0.9%) 1.05 1,842
    2018-10-01 $309,450 (3.2%) $399,082 (2.8%) 1.05 1,909
    2018-11-01 $305,000 (0.3%) $395,945 (1.9%) 1.03 1,863
    2018-12-01 $305,000 (0.7%) $394,482 (1.8%) 1.05 1,689
    2019-01-01 $299,936 (0.0%) $376,876 (-2.7%) 1.04 1,566
    2019-02-01 $299,975 (0.1%) $379,081 (-2.7%) 1.01 1,634
    2019-03-01 $308,473 (2.8%) $390,755 (-1.7%) 1.01 1,636
    2019-04-01 $313,850 (1.1%) $390,533 (-2.3%) 1.00 1,697
    2019-05-01 $320,000 (2.2%) $397,510 (-2.4%) 1.00 1,736
    2019-06-01 $330,000 (4.8%) $404,111 (-2.2%) 1.03 1,772
    2019-07-01 $338,940 (7.6%) $413,091 (1.7%) 1.06 1,738
    2019-08-01 $333,000 (5.2%) $408,626 (2.0%) 1.05 1,756
    2019-09-01 $328,500 (5.2%) $402,498 (2.2%) 1.05 1,759
    2019-10-01 $325,500 (5.2%) $402,283 (0.8%) 1.05 1,733
    2019-11-01 $325,000 (6.6%) $405,851 (2.5%) 1.07 1,633
    2019-12-01 $325,000 (6.6%) $402,752 (2.1%) 1.08 1,449
    2020-01-01 $326,500 (8.9%) $407,581 (8.2%) 1.09 1,251
    2020-02-01 $324,933 (8.3%) $400,821 (5.7%) 1.06 1,226
    2020-03-01 $338,508 (9.7%) $422,040 (8.0%) 1.06 1,160
    2020-04-01 $333,106 (6.1%) $414,755 (6.2%) 1.04 1,238
    2020-05-01 $340,000 (6.3%) $425,992 (7.2%) 1.03 1,147
    2020-06-01 $345,450 (4.7%) $440,402 (9.0%) 1.02 965
    2020-07-01 $351,890 (3.8%) $452,606 (9.6%) 1.02 805
    2020-08-01 $350,000 (5.1%) $461,228 (12.9%) 1.00 752
    2020-09-01 $353,086 (7.5%) $463,633 (15.2%) 1.01 772
    2020-10-01 $349,900 (7.5%) $465,956 (15.8%) 1.00 777
    2020-11-01 $352,500 (8.5%) $480,906 (18.5%) 1.03 706
    2020-12-01 $344,250 (5.9%) $462,464 (14.8%) 1.02 641
    2021-01-01 $350,000 (7.2%) $464,047 (13.9%) 1.04 513
    2021-02-01 $349,725 (7.6%) $473,570 (18.2%) 1.02 478
    2021-03-01 $354,950 (4.9%) $484,725 (14.9%) 1.01 482
    2021-04-01 $375,000 (12.6%) $517,185 (24.7%) 1.02 511
    2021-05-01 $385,000 (13.2%) $536,425 (25.9%) 1.02 554
    2021-06-01 $399,923 (15.8%) $543,535 (23.4%) 1.05 663
    2021-07-01 $399,000 (13.4%) $535,184 (18.2%) 1.05 744
    2021-08-01 $399,225 (14.1%) $533,269 (15.6%) 1.06 786
    2021-09-01 $399,950 (13.3%) $653,605 (41.0%) 1.07 791
    2021-10-01 $399,900 (14.3%) $520,352 (11.7%) 1.07 762
    2021-11-01 $402,296 (14.1%) $530,263 (10.3%) 1.07 706
    2021-12-01 $417,500 (21.3%) $537,360 (16.2%) 1.13 608
    2022-01-01 $409,950 (17.1%) $546,018 (17.7%) 1.11 481
    2022-02-01 $392,500 (12.2%) $532,803 (12.5%) 1.02 481
    2022-03-01 $407,500 (14.8%) $542,486 (11.9%) 1.02 529
    2022-04-01 $425,900 (13.6%) $555,168 (7.3%) 1.02 602
    2022-05-01 $439,950 (14.3%) $561,144 (4.6%) 1.01 781
    2022-06-01 $441,000 (10.3%) $557,575 (2.6%) 0.98 963
    2022-07-01 $439,900 (10.3%) $541,342 (1.2%) 1.00 1,264
    2022-08-01 $431,400 (8.1%) $534,448 (0.2%) 1.00 1,276
    2022-09-01 $430,513 (7.6%) $528,811 (-19.1%) 1.01 1,276
    2022-10-01 $425,550 (6.4%) $524,289 (0.8%) 1.00 1,301
    2022-11-01 $419,850 (4.4%) $529,414 (-0.2%) 1.01 1,302
    Fresno's median listing price for 2022-11-01 was $419,850, a difference of $17,554 (4.4%) versus the prior year and $-5,700 versus the prior month.

    Fresno's median listing price comes in at 101% of the national average.

    Fresno's average listing price for 2022-11-01 was $529,414, a difference of $-849 (-0.2%) versus the prior year and $5,125 versus the prior month.

    For the 2022-11-01 period, Fresno had 1,302 MLS listings, a difference of 1 listings (0%) versus the prior month and 596 listings (84%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fresno (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 60 days 1,833 sqft
    2018-02-01 40 days 1,835 sqft
    2018-03-01 43 days 1,869 sqft
    2018-04-01 43 days 1,885 sqft
    2018-05-01 39 days 1,870 sqft
    2018-06-01 39 days 1,874 sqft
    2018-07-01 39 days 1,861 sqft
    2018-08-01 41 days 1,841 sqft
    2018-09-01 45 days 1,833 sqft
    2018-10-01 47 days 1,828 sqft
    2018-11-01 51 days 1,827 sqft
    2018-12-01 60 days 1,828 sqft
    2019-01-01 63 days 1,811 sqft
    2019-02-01 48 days 1,808 sqft
    2019-03-01 43 days 1,845 sqft
    2019-04-01 40 days 1,870 sqft
    2019-05-01 42 days 1,886 sqft
    2019-06-01 46 days 1,900 sqft
    2019-07-01 47 days 1,904 sqft
    2019-08-01 47 days 1,889 sqft
    2019-09-01 47 days 1,873 sqft
    2019-10-01 48 days 1,862 sqft
    2019-11-01 51 days 1,856 sqft
    2019-12-01 58 days 1,855 sqft
    2020-01-01 64 days 1,831 sqft
    2020-02-01 45 days 1,797 sqft
    2020-03-01 41 days 1,857 sqft
    2020-04-01 43 days 1,853 sqft
    2020-05-01 50 days 1,876 sqft
    2020-06-01 43 days 1,875 sqft
    2020-07-01 39 days 1,874 sqft
    2020-08-01 29 days 1,859 sqft
    2020-09-01 26 days 1,838 sqft
    2020-10-01 28 days 1,828 sqft
    2020-11-01 36 days 1,821 sqft
    2020-12-01 37 days 1,767 sqft
    2021-01-01 40 days 1,769 sqft
    2021-02-01 23 days 1,741 sqft
    2021-03-01 18 days 1,767 sqft
    2021-04-01 15 days 1,822 sqft
    2021-05-01 15 days 1,806 sqft
    2021-06-01 16 days 1,856 sqft
    2021-07-01 22 days 1,853 sqft
    2021-08-01 23 days 1,844 sqft
    2021-09-01 27 days 1,831 sqft
    2021-10-01 26 days 1,794 sqft
    2021-11-01 30 days 1,830 sqft
    2021-12-01 35 days 1,832 sqft
    2022-01-01 35 days 1,782 sqft
    2022-02-01 30 days 1,696 sqft
    2022-03-01 30 days 1,717 sqft
    2022-04-01 26 days 1,770 sqft
    2022-05-01 24 days 1,792 sqft
    2022-06-01 26 days 1,801 sqft
    2022-07-01 32 days 1,792 sqft
    2022-08-01 37 days 1,760 sqft
    2022-09-01 44 days 1,772 sqft
    2022-10-01 46 days 1,746 sqft
    2022-11-01 47 days 1,728 sqft
    Fresno's median listing age (time on market) for 2022-11-01 was 47 days. This is 58% longer than the same period one year ago.

    Fresno's median square footage for active listings during the 2022-11-01 period was 1,728 sqft. One year prior, the average listing was 1,830 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).