Gainesville FHA Loan Rates, Closing Costs & Stats

GAINESVILLE, FL

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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.

    Gainesville's 111 lenders originated 804 FHA loans during 2023. The total origination value was $211,880,000, with an average FHA loan value of $263,532.

    Gainesville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Gainesville averaged 6.97% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Gainesville's average FHA mortgage closing costs are $8,535.

    The average rate for the prior week (2024-04-12) was 6.56% and one month ago for the week of 2024-03-15, the average rate was 6.53%.

    The average rate one year ago was 6.06%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.9%.

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

    Gainesville 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 Gainesville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 108 6.40% $11,766
    QUICKEN LOANS, LLC 68 6.12% $10,981
    DHI MORTGAGE COMPANY, LTD. 50 5.33% $9,890
    AMERICAN FINANCIAL NETWORK, INC. 41 6.76% $13,949
    Ameris Bank 32 6.21% $10,504
    THE MORTGAGE FIRM, INC. 25 6.77% $10,661
    Mortgage Lenders Investment Trading Corporation 23 6.97% $10,624
    FBC MORTGAGE, LLC 18 6.15% $10,305
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 18 6.85% $12,349
    EAGLE HOME MORTGAGE, LLC 17 4.65% $10,397
    Paramount Residential Mortgage Group, Inc. 15 6.53% $11,275
    FREEDOM MORTGAGE CORPORATION 14 6.95% $14,872
    Advisors Mortgage Group, L.L.C. 14 6.10% $11,325
    UNION HOME MORTGAGE CORP. 13 6.68% $12,019
    MOVEMENT MORTGAGE, LLC 12 6.60% $11,982
    CARDINAL FINANCIAL 12 6.54% $14,213
    CROSSCOUNTRY MORTGAGE, LLC 11 6.81% $10,854
    PENNYMAC LOAN SERVICES, LLC 10 6.22% $9,383
    LOANDEPOT.COM, LLC 8 6.50% $9,420
    Mr. Cooper ( Nationstar Mortgage ) 8 6.02% $17,778
    AMERICAN FINANCIAL RESOURCES, INC. 7 6.63% $8,496
    EVERETT FINANCIAL, INC. 6 7.10% $10,757
    BROKER SOLUTIONS, INC. 5 6.35% $12,126
    LOANPAL, LLC 5 5.45% $14,077
    SUN WEST MORTGAGE COMPANY, INC. 5 6.80% $7,589
    Prosperity Home Mortgage, LLC 5 7.02% $9,857
    NEWREZ LLC 5 6.60% $9,696
    Equity Prime Mortgage LLC 5 7.10% $10,111
    MUTUAL OF OMAHA MORTGAGE, INC. 5 6.98% $12,699
    Ixonia Bank 4 6.13% $15,236
    GUARANTEED RATE, INC. 4 7.23% $14,589
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 7.59% $12,672
    LAKEVIEW LOAN SERVICING, LLC 4 5.75% $14,241
    Carrington Mortgage Services, LLC 4 6.13% $15,114
    Nations Lending Corporation 3 5.92% $6,493
    CMG MORTGAGE, INC. 3 5.54% $18,363
    PLANET HOME LENDING, LLC 3 5.71% $10,261
    ACADEMY MORTGAGE CORPORATION 3 7.17% $12,177
    AMERISAVE MORTGAGE CORPORATION 3 6.04% $12,572
    Regions Bank 3 5.92% $11,904
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 7.25% $10,395
    AMERICAN BANCSHARES MORTGAGE 3 6.88% $9,092
    LEADERONE FINANCIAL CORPORATION 2 6.50% $18,838
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 7.25% $12,340
    Bank of England 2 7.38% $10,559
    CALCON MUTUAL MORTGAGE LLC 2 7.50% $16,867
    CONTOUR MORTGAGE CORPORATION 2 6.94% $16,143
    EMBRACE HOME LOANS, INC. 2 6.25% $13,046
    First Federal Bank 2 5.38% $9,734
    First Horizon Bank 2 6.25% $13,108
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 7.38% $5,608
    Goldwater Bank, N.A. 2 6.25% $10,061
    JPMorgan Chase Bank 2 5.87% $5,946
    ROYAL UNITED MORTGAGE LLC 2 7.25% $16,299
    South State Bank 2 6.38% $7,854
    STOCKTON MORTGAGE CORPORATION 2 6.63% $8,893
    SUCCESS MORTGAGE PARTNERS, INC. 2 5.94% $9,071
    The Federal Savings Bank 2 6.25% $18,626
    TOP FLITE FINANCIAL, INC. 2 7.00% $11,592
    Truist 2 6.43% $6,234
    VILLAGE CAPITAL MORTGAGE 2 6.07% $11,792
    VYSTAR 2 6.94% $7,798
    MILEND, INC. 1 7.13% $16,539
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.50% $14,779
    Mortgage Research Center, LLC 1 7.63% $6,000
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.38% $9,478
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $20,638
    GSF Mortgage Corporation 1 7.00% $14,239
    Gateway First Bank 1 6.13% $7,657
    NATIONS DIRECT MORTGAGE, LLC 1 5.75% $15,338
    First Savings Bank 1 6.63% $11,034
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.63% $11,695
    DELMAR FINANCIAL COMPANY 1 7.00% $9,682
    NFM, INC. 1 7.63% $8,918
    Northpointe Bank 1 7.63% $8,669
    OCMBC, INC. 1 6.13% $14,484
    DAS Acquisition Company, LLC 1 7.25% $8,741
    PARK SQUARE HOME MORTGAGE, LLC 1 6.75% $6,004
    CHURCHILL MORTGAGE CORPORATION 1 7.13% $6,873
    PHH Mortgage Corporation 1 6.50% $10,699
    Plains Commerce Bank 1 7.75% $9,790
    Century Mortgage Company DBA Century Lending Company 1 7.75% $10,198
    Capital City Home Loans, LLC 1 6.50% $9,811
    CANOPY MORTGAGE, LLC 1 7.75% $13,852
    Quaint Oak Mortgage, LLC 1 6.25% $7,013
    BELEM SERVICING LLC 1 7.13% $9,697
    Barrington Bank & Trust Company, N.A. 1 6.13% $11,920
    RELIANCE FIRST CAPITAL, LLC 1 7.25% $12,089
    Renasant Bank 1 6.25% $8,309
    RESIDENTIAL HOME MORTGAGE CORPORATION 1 5.50% $14,873
    Waterstone Mortgage Corporation 1 6.13% $16,357
    Seacoast National Bank 1 7.75% $13,511
    American Security Mortgage Corp. 1 7.25% $8,735
    SOVEREIGN LENDING GROUP INCORPORATED 1 7.50% $16,276
    AMERICAN FINANCING CORPORATION 1 5.50% $14,251
    Strong Home Mortgage, LLC 1 5.38% $7,223
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.88% $12,766
    AXIA FINANCIAL, LLC 1 7.50% $9,935
    WATSON MORTGAGE CORP. 1 6.63% $10,180
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.25% $21,407
    ZILLOW HOME LOANS, LLC 1 5.63% $8,345
    TruHome Solutions, LLC 1 6.63% $10,805
    LAKE MICHIGAN CREDIT UNION 1 6.50% $8,762
    LAND HOME FINANCIAL SERVICES, INC. 1 6.50% $11,915
    Hometown Equity Mortgage, LLC 1 6.75% $23,787
    LIBERTY HOME MORTGAGE CORPORATION 1 7.13% $15,356
    HOMESTAR FINANCIAL CORPORATION 1 7.00% $21,995
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.75% $16,045
    MICHIGAN MUTUAL, INC. 1 7.13% $21,423
    MID AMERICA MORTGAGE, INC. 1 7.63% $12,950
    Mid-Continent Funding, Inc. 1 6.50% $17,593

    The top Gainesville FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 108 FHA loans originated. Their average total fees are $11,766, which is $785 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Gainesville FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC ($9,383), DHI MORTGAGE COMPANY, LTD. ($9,890), FBC MORTGAGE, LLC ($10,305), EAGLE HOME MORTGAGE, LLC ($10,397) and Ameris Bank ($10,504).

    The lowest rate Gainesville FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.65%), DHI MORTGAGE COMPANY, LTD. (5.33%), Advisors Mortgage Group, L.L.C. (6.10%), QUICKEN LOANS, LLC (6.12%) and FBC MORTGAGE, LLC (6.15%).

    Gainesville FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    GAINESVILLE, FL ALACHUA 2022 $420,680 $538,650 $651,050 $809,150
    GAINESVILLE, FL GILCHRIST 2022 $420,680 $538,650 $651,050 $809,150
    GAINESVILLE, FL LEVY 2022 $420,680 $538,650 $651,050 $809,150
    GAINESVILLE, FL ALACHUA 2023 $472,030 $604,400 $730,525 $907,900
    GAINESVILLE, FL GILCHRIST 2023 $472,030 $604,400 $730,525 $907,900
    GAINESVILLE, FL LEVY 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Gainesville (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 $239,900 (14.9%) $307,693 (12.3%) 0.89 1,053
    2018-02-01 $242,015 (13.1%) $310,046 (12.4%) 0.88 1,089
    2018-03-01 $245,000 (8.9%) $304,465 (8.2%) 0.86 1,142
    2018-04-01 $245,350 (9.0%) $307,275 (8.0%) 0.83 1,206
    2018-05-01 $249,700 (8.6%) $310,001 (7.6%) 0.83 1,201
    2018-06-01 $245,900 (7.0%) $308,983 (8.8%) 0.82 1,249
    2018-07-01 $246,450 (7.2%) $306,579 (6.4%) 0.82 1,293
    2018-08-01 $244,950 (6.9%) $304,051 (5.7%) 0.82 1,298
    2018-09-01 $244,900 (6.5%) $304,582 (5.0%) 0.82 1,258
    2018-10-01 $244,900 (7.5%) $306,860 (7.2%) 0.83 1,230
    2018-11-01 $239,895 (4.6%) $303,104 (2.8%) 0.81 1,207
    2018-12-01 $239,900 (1.5%) $301,904 (1.2%) 0.83 1,158
    2019-01-01 $244,950 (2.1%) $307,179 (-0.2%) 0.85 1,150
    2019-02-01 $249,900 (3.3%) $313,668 (1.2%) 0.84 1,173
    2019-03-01 $251,571 (2.7%) $312,477 (2.6%) 0.82 1,198
    2019-04-01 $257,000 (4.8%) $403,697 (31.4%) 0.82 1,219
    2019-05-01 $264,630 (6.0%) $496,961 (60.3%) 0.83 1,216
    2019-06-01 $264,998 (7.8%) $329,202 (6.5%) 0.83 1,196
    2019-07-01 $267,948 (8.7%) $330,363 (7.8%) 0.84 1,155
    2019-08-01 $265,791 (8.5%) $327,812 (7.8%) 0.84 1,161
    2019-09-01 $262,477 (7.2%) $322,792 (6.0%) 0.84 1,167
    2019-10-01 $264,068 (7.8%) $319,445 (4.1%) 0.85 1,149
    2019-11-01 $269,000 (12.1%) $320,150 (5.6%) 0.88 1,054
    2019-12-01 $265,000 (10.5%) $317,436 (5.1%) 0.88 1,040
    2020-01-01 $270,950 (10.6%) $322,753 (5.1%) 0.91 984
    2020-02-01 $274,300 (9.8%) $326,401 (4.1%) 0.90 1,017
    2020-03-01 $280,000 (11.3%) $329,391 (5.4%) 0.88 1,091
    2020-04-01 $279,950 (8.9%) $328,536 (-18.6%) 0.88 1,109
    2020-05-01 $288,500 (9.0%) $348,313 (-29.9%) 0.88 1,021
    2020-06-01 $289,975 (9.4%) $356,819 (8.4%) 0.85 904
    2020-07-01 $287,745 (7.4%) $354,532 (7.3%) 0.83 910
    2020-08-01 $279,900 (5.3%) $348,268 (6.2%) 0.80 882
    2020-09-01 $279,495 (6.5%) $350,448 (8.6%) 0.80 856
    2020-10-01 $277,950 (5.3%) $348,168 (9.0%) 0.80 827
    2020-11-01 $262,450 (-2.4%) $347,288 (8.5%) 0.77 821
    2020-12-01 $254,250 (-4.1%) $345,872 (9.0%) 0.76 769
    2021-01-01 $259,900 (-4.1%) $345,890 (7.2%) 0.78 696
    2021-02-01 $262,798 (-4.2%) $346,582 (6.2%) 0.77 593
    2021-03-01 $265,000 (-5.4%) $362,585 (10.1%) 0.75 516
    2021-04-01 $289,900 (3.6%) $398,757 (21.4%) 0.78 483
    2021-05-01 $290,000 (0.5%) $390,063 (12.0%) 0.77 495
    2021-06-01 $290,850 (0.3%) $391,409 (9.7%) 0.77 528
    2021-07-01 $280,000 (-2.7%) $390,835 (10.2%) 0.74 594
    2021-08-01 $286,995 (2.5%) $393,981 (13.1%) 0.77 664
    2021-09-01 $284,945 (2.0%) $400,910 (14.4%) 0.76 679
    2021-10-01 $299,000 (7.6%) $415,372 (19.3%) 0.80 617
    2021-11-01 $301,995 (15.1%) $414,590 (19.4%) 0.81 557
    2021-12-01 $308,444 (21.3%) $434,848 (25.7%) 0.84 474
    2022-01-01 $315,000 (21.2%) $427,092 (23.5%) 0.85 398
    2022-02-01 $335,000 (27.5%) $435,894 (25.8%) 0.87 376
    2022-03-01 $338,663 (27.8%) $441,243 (21.7%) 0.85 382
    2022-04-01 $353,995 (22.1%) $480,656 (20.5%) 0.84 377
    2022-05-01 $374,500 (29.1%) $484,005 (24.1%) 0.86 445
    2022-06-01 $377,000 (29.6%) $474,173 (21.2%) 0.84 591
    2022-07-01 $365,000 (30.4%) $460,839 (17.9%) 0.82 714
    2022-08-01 $357,300 (24.5%) $458,129 (16.3%) 0.83 742
    2022-09-01 $354,675 (24.5%) $449,750 (12.2%) 0.83 775
    2022-10-01 $348,250 (16.5%) $437,048 (5.2%) 0.82 798
    2022-11-01 $344,950 (14.2%) $434,773 (4.9%) 0.83 785
    2022-12-01 $349,900 (13.4%) $445,534 (2.5%) 0.86 744
    2023-01-01 $354,500 (12.5%) $452,678 (6.0%) 0.88 657
    2023-02-01 $372,450 (11.2%) $456,990 (4.8%) 0.90 637
    2023-03-01 $371,250 (9.6%) $466,100 (5.6%) 0.88 633
    2023-04-01 $370,000 (4.5%) $476,416 (-0.9%) 0.86 663
    2023-05-01 $396,000 (5.7%) $500,615 (3.4%) 0.90 615
    2023-06-01 $389,950 (3.4%) $494,195 (4.2%) 0.88 645
    2023-07-01 $380,000 (4.1%) $484,321 (5.1%) 0.86 678
    2023-08-01 $369,999 (3.6%) $472,125 (3.1%) 0.85 716
    2023-09-01 $368,950 (4.0%) $458,518 (2.0%) 0.86 761
    2023-10-01 $349,500 (0.4%) $444,332 (1.7%) 0.82 858
    2023-11-01 $349,950 (1.5%) $441,530 (1.6%) 0.83 895
    2023-12-01 $349,900 (0.0%) $435,032 (-2.4%) 0.85 930
    2024-01-01 $349,950 (-1.3%) $436,851 (-3.5%) 0.85 924
    2024-02-01 $350,000 (-6.0%) $440,685 (-3.6%) 0.84 962
    2024-03-01 $349,000 (-6.0%) $433,924 (-6.9%) 0.82 1,054
    Gainesville's median listing price for 2024-03-01 was $349,000, a difference of $-22,250 (-6.0%) versus the prior year and $-1,000 versus the prior month.

    Gainesville's median listing price comes in at 82% of the national average.

    Gainesville's average listing price for 2024-03-01 was $433,924, a difference of $-32,176 (-6.9%) versus the prior year and $-6,761 versus the prior month.

    For the 2024-03-01 period, Gainesville had 1,054 MLS listings, a difference of 92 listings (10%) versus the prior month and 421 listings (67%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Gainesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 94 days 1,775 sqft
    2018-02-01 80 days 1,779 sqft
    2018-03-01 54 days 1,792 sqft
    2018-04-01 52 days 1,805 sqft
    2018-05-01 53 days 1,821 sqft
    2018-06-01 56 days 1,798 sqft
    2018-07-01 62 days 1,790 sqft
    2018-08-01 68 days 1,790 sqft
    2018-09-01 79 days 1,782 sqft
    2018-10-01 80 days 1,785 sqft
    2018-11-01 83 days 1,745 sqft
    2018-12-01 85 days 1,759 sqft
    2019-01-01 85 days 1,765 sqft
    2019-02-01 77 days 1,798 sqft
    2019-03-01 65 days 1,775 sqft
    2019-04-01 54 days 1,790 sqft
    2019-05-01 55 days 1,819 sqft
    2019-06-01 61 days 1,840 sqft
    2019-07-01 70 days 1,856 sqft
    2019-08-01 72 days 1,837 sqft
    2019-09-01 73 days 1,817 sqft
    2019-10-01 74 days 1,824 sqft
    2019-11-01 82 days 1,825 sqft
    2019-12-01 86 days 1,798 sqft
    2020-01-01 85 days 1,804 sqft
    2020-02-01 68 days 1,790 sqft
    2020-03-01 51 days 1,803 sqft
    2020-04-01 58 days 1,813 sqft
    2020-05-01 72 days 1,835 sqft
    2020-06-01 87 days 1,827 sqft
    2020-07-01 60 days 1,779 sqft
    2020-08-01 65 days 1,712 sqft
    2020-09-01 75 days 1,700 sqft
    2020-10-01 78 days 1,700 sqft
    2020-11-01 69 days 1,669 sqft
    2020-12-01 74 days 1,640 sqft
    2021-01-01 78 days 1,663 sqft
    2021-02-01 67 days 1,620 sqft
    2021-03-01 45 days 1,624 sqft
    2021-04-01 40 days 1,685 sqft
    2021-05-01 36 days 1,685 sqft
    2021-06-01 38 days 1,653 sqft
    2021-07-01 42 days 1,658 sqft
    2021-08-01 43 days 1,663 sqft
    2021-09-01 46 days 1,631 sqft
    2021-10-01 55 days 1,662 sqft
    2021-11-01 59 days 1,657 sqft
    2021-12-01 72 days 1,611 sqft
    2022-01-01 65 days 1,608 sqft
    2022-02-01 38 days 1,602 sqft
    2022-03-01 38 days 1,657 sqft
    2022-04-01 38 days 1,734 sqft
    2022-05-01 33 days 1,771 sqft
    2022-06-01 35 days 1,803 sqft
    2022-07-01 39 days 1,773 sqft
    2022-08-01 51 days 1,736 sqft
    2022-09-01 54 days 1,744 sqft
    2022-10-01 59 days 1,711 sqft
    2022-11-01 66 days 1,702 sqft
    2022-12-01 71 days 1,707 sqft
    2023-01-01 71 days 1,708 sqft
    2023-02-01 65 days 1,730 sqft
    2023-03-01 49 days 1,722 sqft
    2023-04-01 45 days 1,750 sqft
    2023-05-01 48 days 1,774 sqft
    2023-06-01 45 days 1,776 sqft
    2023-07-01 48 days 1,774 sqft
    2023-08-01 50 days 1,758 sqft
    2023-09-01 52 days 1,759 sqft
    2023-10-01 55 days 1,700 sqft
    2023-11-01 58 days 1,664 sqft
    2023-12-01 66 days 1,664 sqft
    2024-01-01 75 days 1,657 sqft
    2024-02-01 69 days 1,664 sqft
    2024-03-01 60 days 1,647 sqft
    Gainesville's median listing age (time on market) for 2024-03-01 was 60 days. This is 22% longer than the same period one year ago.

    Gainesville's median square footage for active listings during the 2024-03-01 period was 1,647 sqft. One year prior, the average listing was 1,722 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).