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 137 lenders originated 2,569 FHA loans during 2022. The total origination value was $784,545,000, with an average FHA loan value of $305,389.

    Fresno FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Fresno averaged -0.61% for the week of 2023-06-02, compared to the national average (all FHA variants) of 0% for the same period.

    Fresno's average FHA mortgage closing costs are $9,190.

    The average rate for the prior week (2023-05-26) was 6.42% and one month ago for the week of 2023-04-28, the average rate was 6.06%.

    The average rate one year ago was 4.92%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.35%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 344 4.71% $11,851
    QUICKEN LOANS, LLC 205 4.46% $12,305
    ALAMEDA MORTGAGE CORPORATION 148 5.11% $13,283
    HOME POINT FINANCIAL CORPORATION 140 4.21% $11,501
    COUNTRY CLUB MORTGAGE, INC. 109 4.92% $12,815
    HOMEBRIDGE FINANCIAL SERVICES, INC. 66 4.61% $12,992
    Century Mortgage Company DBA Century Lending Company 58 5.28% $14,242
    AMERICAN PACIFIC MORTGAGE CORPORATION 51 4.66% $12,428
    LOANDEPOT.COM, LLC 45 4.54% $11,466
    KINGS MORTGAGE SERVICES, INC. 45 5.05% $13,337
    CMG MORTGAGE, INC. 44 4.71% $12,958
    INSPIRE HOME LOANS INC. 43 4.99% $14,656
    FREEDOM MORTGAGE CORPORATION 41 4.53% $11,161
    Sierra Pacific Mortgage Company, Inc. 40 4.95% $12,852
    PENNYMAC LOAN SERVICES, LLC 39 3.98% $10,808
    CARDINAL FINANCIAL 36 4.58% $14,215
    Mr. Cooper ( Nationstar Mortgage ) 35 4.40% $14,819
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 32 5.00% $13,322
    EAGLE HOME MORTGAGE, LLC 31 4.82% $13,453
    CROSSCOUNTRY MORTGAGE, LLC 23 4.72% $13,720
    DHI MORTGAGE COMPANY, LTD. 23 4.14% $10,928
    CALIBER HOME LOANS, INC. 23 4.57% $11,929
    BAY EQUITY LLC 22 4.63% $13,457
    Carrington Mortgage Services, LLC 22 4.44% $10,831
    Lakeview Community Capital, LLC 21 3.88% $7,761
    GUILD MORTGAGE COMPANY 21 5.30% $14,429
    PLAZA HOME MORTGAGE, INC. 19 5.18% $12,317
    AMERISAVE MORTGAGE CORPORATION 19 4.74% $12,111
    Equity Prime Mortgage LLC 19 5.31% $14,807
    LOANPAL, LLC 18 4.44% $12,956
    Platinum Home Mortgage Corporation 18 5.03% $14,628
    MUFG Union Bank 17 4.40% $10,139
    Amerifirst Financial, Inc. 17 5.36% $10,315
    GUARANTEED RATE, INC. 16 5.42% $12,065
    PREMIER MORTGAGE RESOURCES, L.L.C. 16 4.99% $13,400
    FINANCE OF AMERICA MORTGAGE LLC 15 4.14% $12,026
    BROKER SOLUTIONS, INC. 14 5.11% $12,010
    Paramount Residential Mortgage Group, Inc. 14 5.35% $14,570
    Commerce Home Mortgage, Inc. 14 4.59% $12,235
    LAKEVIEW LOAN SERVICING, LLC 13 3.98% $8,561
    Flagstar Bank, FSB 12 4.16% $12,954
    EVERETT FINANCIAL, INC. 12 5.11% $8,597
    RESIDENTIAL BANCORP. 11 4.71% $13,746
    MOUNTAIN WEST FINANCIAL, INC. 11 5.34% $15,846
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 10 5.22% $12,636
    NEWREZ LLC 10 4.92% $13,158
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 10 4.96% $9,969
    Pacific Lending LLC 9 4.65% $13,499
    CHERRY CREEK MORTGAGE, LLC 8 5.39% $6,391
    OCMBC, INC. 8 5.70% $14,974
    NATIONS DIRECT MORTGAGE, LLC 7 4.55% $11,606
    SUN WEST MORTGAGE COMPANY, INC. 7 4.98% $12,919
    VILLAGE CAPITAL MORTGAGE 7 4.21% $9,673
    AMERICAN FINANCING CORPORATION 7 4.23% $11,885
    Golden Empire Mortgage, Inc. 7 4.93% $16,659
    BECKAM FUNDING CORP. 6 5.92% $18,673
    AmeriHome Mortgage Company, LLC 6 4.31% $11,018
    CASTLE & COOKE MORTGAGE, LLC 6 4.63% $15,942
    KBHS HOME LOANS, LLC 6 5.25% $19,206
    TOP FLITE FINANCIAL, INC. 6 5.02% $18,993
    PLANET HOME LENDING, LLC 5 3.80% $6,558
    MLD MORTGAGE INC. 5 4.33% $9,861
    NETWORK CAPITAL FUNDING CORPORATION 5 4.45% $12,577
    First Guaranty Mortgage Corporation 5 3.35% $12,942
    THE GOLDEN 1 5 3.73% $11,455
    MID AMERICA MORTGAGE, INC. 4 5.38% $5,645
    SUMMIT FUNDING, INC. 4 4.90% $13,348
    Wells Fargo Bank 4 5.50% $10,206
    Hometown Equity Mortgage, LLC 4 4.69% $14,138
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 5.25% $14,696
    ENVOY MORTGAGE, LTD 4 5.22% $14,488
    TOWNE MORTGAGE COMPANY 4 5.47% $13,706
    MOVEMENT MORTGAGE, LLC 4 4.16% $14,662
    ACADEMY MORTGAGE CORPORATION 4 5.41% $18,996
    LADERA LENDING, INC. 4 4.81% $11,843
    Bank of America 4 5.38% $11,489
    CALCON MUTUAL MORTGAGE LLC 3 5.21% $12,415
    BEST CAPITAL FUNDING 3 3.75% $13,557
    Bank of the West 3 5.75% $9,204
    MUTUAL OF OMAHA MORTGAGE, INC. 3 4.79% $12,757
    SCENIC OAKS FUNDING, INC. 3 5.63% $11,430
    SECURITYNATIONAL MORTGAGE COMPANY 3 5.29% $12,429
    LAND HOME FINANCIAL SERVICES, INC. 3 5.67% $12,595
    VERITAS FUNDING, LLC 3 5.46% $13,174
    Northpointe Bank 3 5.04% $10,044
    NP, Inc. 3 5.83% $16,295
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 4.00% $14,726
    ZILLOW HOME LOANS, LLC 2 4.06% $9,447
    Prosperity Home Mortgage, LLC 2 5.37% $11,405
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.50% $10,705
    GENEVA FINANCIAL, LLC 2 4.19% $15,298
    Mortgage Research Center, LLC 2 4.56% $9,087
    NFM, INC. 2 5.38% $12,695
    CITYWIDE HOME LOANS, LLC 2 5.12% $9,913
    Plains Commerce Bank 2 5.06% $18,028
    HOME APPROVALS DIRECT, INC. 2 4.50% $15,660
    ARC HOME LLC 2 4.44% $14,852
    STEARNS LENDING, LLC 2 3.31% $10,857
    The Federal Savings Bank 2 3.81% $16,184
    S1L, Inc. 2 5.25% $9,531
    HOMEXPRESS MORTGAGE CORP. 1 5.63% $12,015
    ISERVE RESIDENTIAL LENDING, LLC 1 4.25% $9,599
    JMAC LENDING, INC. 1 4.13% $9,464
    JPMorgan Chase Bank 1 5.75% $9,249
    Wyndham Capital Mortgage, Inc. 1 3.50% $6,705
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 1 3.88% $13,043
    HOME FUNDING CORPORATION 1 5.63% $19,867
    LEADERONE FINANCIAL CORPORATION 1 5.63% $18,426
    LENDING 3, INC. 1 6.25% $21,249
    LENOX FINANCIAL MORTGAGE CORPORATION 1 4.63% $10,092
    Franklin Loan Corporation 1 7.13% $15,626
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.75% $10,484
    Mid-Continent Funding, Inc. 1 5.50% $16,471
    First Savings Bank 1 6.25% $17,329
    M&T Bank 1 6.00% $9,135
    EMBRACE HOME LOANS, INC. 1 3.63% $8,977
    Nations Lending Corporation 1 7.25% $17,679
    Neighborhood Loans, Inc. 1 4.38% $11,104
    Cornerstone First Mortgage, Inc 1 5.25% $9,617
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 3.25% $4,703
    CENTRAL COAST LENDING, INC. 1 4.13% $10,978
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 4.63% $9,017
    BETTER MORTGAGE CORPORATION 1 3.00% $7,846
    PHH Mortgage Corporation 1 6.25% $11,080
    PREMIER LENDING, INC. 1 4.63% $12,282
    Barrington Bank & Trust Company, N.A. 1 5.50% $15,277
    Princeton Mortgage Corporation 1 4.99% $12,764
    AXIA FINANCIAL, LLC 1 5.13% $25,920
    AUGUSTA FINANCIAL, INC. 1 5.25% $10,940
    SOVEREIGN LENDING GROUP INCORPORATED 1 2.25% $18,751
    Strong Home Mortgage, LLC 1 2.50% $6,308
    Texana Bank 1 5.25% $10,508
    U.S. Bank 1 3.25% $17,086
    AMERICAN FINANCIAL RESOURCES, INC. 1 4.38% $8,910
    VISION ONE MORTGAGE, INC. 1 6.50% $17,955
    iCore Lending, Inc. 1 4.25% $8,836
    INTELLILOAN, INC. 1 5.63% $10,961

    The top Fresno FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 344 FHA loans originated. Their average total fees are $11,851, which is $454 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Fresno FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($7,761), LAKEVIEW LOAN SERVICING, LLC ($8,561), EVERETT FINANCIAL, INC. ($8,597), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($9,969) and MUFG Union Bank ($10,139).

    The lowest rate Fresno FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC (3.88%), PENNYMAC LOAN SERVICES, LLC (3.98%), LAKEVIEW LOAN SERVICING, LLC (3.98%), DHI MORTGAGE COMPANY, LTD. (4.14%) and FINANCE OF AMERICA MORTGAGE LLC (4.14%).

    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
    FRESNO, CA FRESNO 2023 $472,030 $604,400 $730,525 $907,900

    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%) $376,805 (-2.8%) 1.04 1,565
    2019-02-01 $299,975 (0.1%) $379,081 (-2.7%) 1.01 1,634
    2019-03-01 $308,473 (2.8%) $390,744 (-1.8%) 1.01 1,635
    2019-04-01 $314,225 (1.2%) $390,572 (-2.3%) 1.00 1,696
    2019-05-01 $320,000 (2.2%) $397,515 (-2.4%) 1.00 1,736
    2019-06-01 $330,000 (4.8%) $404,214 (-2.1%) 1.03 1,771
    2019-07-01 $338,970 (7.6%) $413,200 (1.7%) 1.06 1,737
    2019-08-01 $333,000 (5.2%) $408,732 (2.0%) 1.05 1,755
    2019-09-01 $328,500 (5.2%) $402,602 (2.2%) 1.05 1,758
    2019-10-01 $325,500 (5.2%) $402,388 (0.8%) 1.05 1,732
    2019-11-01 $325,000 (6.6%) $405,965 (2.5%) 1.07 1,632
    2019-12-01 $325,000 (6.6%) $402,875 (2.1%) 1.08 1,448
    2020-01-01 $326,500 (8.9%) $407,729 (8.2%) 1.09 1,250
    2020-02-01 $324,967 (8.3%) $400,964 (5.8%) 1.07 1,225
    2020-03-01 $338,950 (9.9%) $422,207 (8.1%) 1.06 1,159
    2020-04-01 $333,738 (6.2%) $414,911 (6.2%) 1.05 1,237
    2020-05-01 $340,000 (6.3%) $424,896 (6.9%) 1.03 1,145
    2020-06-01 $345,450 (4.7%) $439,174 (8.7%) 1.02 963
    2020-07-01 $351,890 (3.8%) $451,237 (9.2%) 1.02 803
    2020-08-01 $350,000 (5.1%) $459,816 (12.5%) 1.00 750
    2020-09-01 $353,086 (7.5%) $462,231 (14.8%) 1.01 770
    2020-10-01 $349,900 (7.5%) $464,539 (15.5%) 1.00 775
    2020-11-01 $352,500 (8.5%) $479,316 (18.1%) 1.03 704
    2020-12-01 $344,250 (5.9%) $460,766 (14.4%) 1.02 639
    2021-01-01 $350,000 (7.2%) $464,446 (13.9%) 1.04 512
    2021-02-01 $349,950 (7.7%) $474,006 (18.2%) 1.02 477
    2021-03-01 $354,950 (4.7%) $485,154 (14.9%) 1.01 481
    2021-04-01 $375,000 (12.4%) $517,645 (24.8%) 1.02 510
    2021-05-01 $385,000 (13.2%) $536,925 (26.4%) 1.02 553
    2021-06-01 $399,945 (15.8%) $543,926 (23.9%) 1.05 662
    2021-07-01 $399,000 (13.4%) $535,525 (18.7%) 1.05 744
    2021-08-01 $399,113 (14.0%) $533,415 (16.0%) 1.06 787
    2021-09-01 $399,938 (13.3%) $653,209 (41.3%) 1.07 792
    2021-10-01 $399,900 (14.3%) $520,263 (12.0%) 1.07 763
    2021-11-01 $401,963 (14.0%) $530,268 (10.6%) 1.07 706
    2021-12-01 $417,500 (21.3%) $537,784 (16.7%) 1.13 607
    2022-01-01 $409,999 (17.1%) $546,660 (17.7%) 1.11 482
    2022-02-01 $393,250 (12.4%) $533,345 (12.5%) 1.02 480
    2022-03-01 $407,500 (14.8%) $542,982 (11.9%) 1.02 528
    2022-04-01 $426,845 (13.8%) $555,625 (7.3%) 1.02 601
    2022-05-01 $441,450 (14.7%) $561,625 (4.6%) 1.01 781
    2022-06-01 $442,450 (10.6%) $557,960 (2.6%) 0.99 963
    2022-07-01 $439,900 (10.3%) $541,683 (1.2%) 0.99 1,264
    2022-08-01 $432,500 (8.4%) $534,591 (0.2%) 1.00 1,276
    2022-09-01 $430,925 (7.8%) $528,888 (-19.0%) 1.01 1,276
    2022-10-01 $426,675 (6.7%) $525,461 (1.0%) 1.00 1,301
    2022-11-01 $419,950 (4.5%) $529,787 (-0.1%) 1.01 1,303
    2022-12-01 $425,000 (1.8%) $536,537 (-0.2%) 1.05 1,121
    2023-01-01 $429,925 (4.9%) $547,462 (0.2%) 1.07 983
    2023-02-01 $427,125 (8.6%) $567,724 (6.5%) 1.03 845
    2023-03-01 $429,998 (5.5%) $586,871 (8.1%) 1.01 774
    2023-04-01 $443,000 (3.8%) $614,390 (10.6%) 1.03 681
    2023-05-01 $458,235 (3.8%) $620,465 (10.5%) 1.04 695
    Fresno's median listing price for 2023-05-01 was $458,235, a difference of $16,785 (3.8%) versus the prior year and $15,235 versus the prior month.

    Fresno's median listing price comes in at 104% of the national average.

    Fresno's average listing price for 2023-05-01 was $620,465, a difference of $58,840 (10.5%) versus the prior year and $6,075 versus the prior month.

    For the 2023-05-01 period, Fresno had 695 MLS listings, a difference of 14 listings (2%) versus the prior month and -86 listings (-11%) 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 59 days 1,832 sqft
    2018-02-01 39 days 1,834 sqft
    2018-03-01 40 days 1,868 sqft
    2018-04-01 41 days 1,885 sqft
    2018-05-01 37 days 1,870 sqft
    2018-06-01 38 days 1,873 sqft
    2018-07-01 39 days 1,860 sqft
    2018-08-01 40 days 1,840 sqft
    2018-09-01 43 days 1,833 sqft
    2018-10-01 46 days 1,828 sqft
    2018-11-01 50 days 1,828 sqft
    2018-12-01 60 days 1,828 sqft
    2019-01-01 60 days 1,811 sqft
    2019-02-01 45 days 1,808 sqft
    2019-03-01 42 days 1,845 sqft
    2019-04-01 39 days 1,870 sqft
    2019-05-01 40 days 1,886 sqft
    2019-06-01 45 days 1,900 sqft
    2019-07-01 46 days 1,906 sqft
    2019-08-01 46 days 1,889 sqft
    2019-09-01 46 days 1,873 sqft
    2019-10-01 47 days 1,862 sqft
    2019-11-01 50 days 1,856 sqft
    2019-12-01 56 days 1,856 sqft
    2020-01-01 62 days 1,832 sqft
    2020-02-01 43 days 1,797 sqft
    2020-03-01 40 days 1,858 sqft
    2020-04-01 42 days 1,854 sqft
    2020-05-01 50 days 1,876 sqft
    2020-06-01 42 days 1,875 sqft
    2020-07-01 37 days 1,874 sqft
    2020-08-01 29 days 1,859 sqft
    2020-09-01 25 days 1,838 sqft
    2020-10-01 26 days 1,828 sqft
    2020-11-01 34 days 1,821 sqft
    2020-12-01 36 days 1,767 sqft
    2021-01-01 39 days 1,769 sqft
    2021-02-01 22 days 1,741 sqft
    2021-03-01 17 days 1,769 sqft
    2021-04-01 15 days 1,823 sqft
    2021-05-01 13 days 1,808 sqft
    2021-06-01 16 days 1,858 sqft
    2021-07-01 21 days 1,853 sqft
    2021-08-01 23 days 1,843 sqft
    2021-09-01 27 days 1,831 sqft
    2021-10-01 26 days 1,791 sqft
    2021-11-01 30 days 1,831 sqft
    2021-12-01 35 days 1,834 sqft
    2022-01-01 33 days 1,782 sqft
    2022-02-01 29 days 1,698 sqft
    2022-03-01 29 days 1,718 sqft
    2022-04-01 26 days 1,770 sqft
    2022-05-01 23 days 1,794 sqft
    2022-06-01 26 days 1,804 sqft
    2022-07-01 31 days 1,792 sqft
    2022-08-01 37 days 1,769 sqft
    2022-09-01 43 days 1,773 sqft
    2022-10-01 46 days 1,748 sqft
    2022-11-01 46 days 1,737 sqft
    2022-12-01 56 days 1,767 sqft
    2023-01-01 59 days 1,783 sqft
    2023-02-01 47 days 1,763 sqft
    2023-03-01 45 days 1,774 sqft
    2023-04-01 43 days 1,800 sqft
    2023-05-01 37 days 1,823 sqft
    Fresno's median listing age (time on market) for 2023-05-01 was 37 days. This is 61% longer than the same period one year ago.

    Fresno's median square footage for active listings during the 2023-05-01 period was 1,823 sqft. One year prior, the average listing was 1,794 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).