Lagrange FHA Loan Rates, Closing Costs & Stats

LaGrange, GA-AL

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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.

    Lagrange's 95 lenders originated 437 FHA loans during 2023. The total origination value was $93,135,000, with an average FHA loan value of $213,124.

    Lagrange FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Lagrange averaged 6.59% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Lagrange's average FHA mortgage closing costs are $6,894.

    The average rate for the prior week (2025-02-07) was 6.7% and one month ago for the week of 2025-01-10, the average rate was 6.56%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.72%.

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

    Lagrange 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 Lagrange level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Plains Commerce Bank 64 6.29% $10,465
    QUICKEN LOANS, LLC 38 6.25% $9,691
    BROKER SOLUTIONS, INC. 19 5.50% $11,047
    Flagstar Bank, FSB 18 6.77% $9,215
    UNITED WHOLESALE MORTGAGE, LLC 18 6.29% $8,879
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 6.72% $7,541
    CMG MORTGAGE, INC. 13 7.04% $10,751
    HOMEBRIDGE FINANCIAL SERVICES, INC. 12 6.65% $8,825
    CROSSCOUNTRY MORTGAGE, LLC 12 6.78% $10,059
    LOANDEPOT.COM, LLC 8 6.87% $10,284
    Synovus Bank 8 6.38% $10,055
    FREEDOM MORTGAGE CORPORATION 8 7.19% $10,314
    HOMESTAR FINANCIAL CORPORATION 7 6.48% $7,869
    GUARANTEED RATE, INC. 6 6.56% $9,204
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 6 5.71% $11,332
    FBC MORTGAGE, LLC 5 5.34% $10,155
    Renasant Bank 5 6.68% $8,902
    Equity Prime Mortgage LLC 5 6.55% $9,865
    Carrington Mortgage Services, LLC 5 6.28% $10,876
    AMERICAN FINANCIAL NETWORK, INC. 5 7.50% $9,179
    South State Bank 4 6.34% $7,943
    STOCKTON MORTGAGE CORPORATION 4 6.72% $11,339
    Ameris Bank 4 6.72% $8,169
    CARDINAL FINANCIAL 4 6.38% $9,959
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 7.22% $8,379
    Colony Bank 4 6.03% $6,726
    NORWICH COMMERCIAL GROUP, INC. 4 7.03% $4,512
    Keystone Funding, Inc. 4 6.56% $8,044
    MILEND, INC. 4 6.63% $12,425
    VANDERBILT MORTGAGE AND FINANCE, INC. 3 6.79% $9,174
    EVERETT FINANCIAL, INC. 3 6.83% $8,212
    ZILLOW HOME LOANS, LLC 3 6.38% $10,577
    The Federal Savings Bank 3 6.04% $12,205
    MOVEMENT MORTGAGE, LLC 3 6.88% $11,504
    CANOPY MORTGAGE, LLC 3 7.21% $14,704
    PENNYMAC LOAN SERVICES, LLC 3 5.83% $8,912
    Magnolia Bank 3 6.79% $13,313
    Mr. Cooper ( Nationstar Mortgage ) 3 6.38% $10,887
    LAKEVIEW LOAN SERVICING, LLC 2 6.00% $14,337
    ACOPIA, LLC 2 6.56% $8,336
    AmeriHome Mortgage Company, LLC 2 6.44% $11,056
    Century Mortgage Company DBA Century Lending Company 2 7.25% $0
    DAS Acquisition Company, LLC 2 7.13% $11,138
    HOMESIDE FINANCIAL, LLC 2 6.69% $8,593
    ISERVE RESIDENTIAL LENDING, LLC 2 7.13% $16,159
    ACADEMY MORTGAGE CORPORATION 2 8.00% $9,101
    MID AMERICA MORTGAGE, INC. 2 8.06% $11,477
    M&T Bank 2 7.00% $6,364
    Princeton Mortgage Corporation 2 6.63% $8,770
    Prosperity Home Mortgage, LLC 2 6.56% $7,993
    SUN WEST MORTGAGE COMPANY, INC. 2 6.75% $12,323
    MICHIGAN MUTUAL, INC. 1 7.88% $6,417
    American Mortgage & Equity Consultants, Inc. 1 6.13% $7,998
    First Federal Bank 1 6.00% $6,969
    FIRST COMMUNITY MORTGAGE, INC. 1 6.25% $8,637
    EMM LOANS LLC 1 5.75% $10,027
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $13,328
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $8,241
    NATIONS RELIABLE LENDING, LLC 1 7.63% $14,272
    NEWREZ LLC 1 6.13% $6,827
    Northpointe Bank 1 6.63% $7,952
    EMBRACE HOME LOANS, INC. 1 6.75% $8,977
    Paramount Residential Mortgage Group, Inc. 1 6.13% $13,790
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.00% $12,518
    CRESCENT MORTGAGE COMPANY 1 7.63% $7,579
    PLAZA HOME MORTGAGE, INC. 1 5.75% $12,756
    POLARIS HOME FUNDING CORP. 1 6.25% $13,516
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.99% $14,491
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.13% $17,578
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.75% $15,955
    VAN DYK MORTGAGE CORPORATION 1 7.38% $9,748
    VILLAGE CAPITAL MORTGAGE 1 6.38% $13,924
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.88% $11,806
    Regions Bank 1 5.75% $5,764
    RELIANCE FIRST CAPITAL, LLC 1 6.50% $9,095
    BANKSOUTH MORTGAGE COMPANY, LLC 1 6.13% $14,437
    ROYAL UNITED MORTGAGE LLC 1 6.75% $10,049
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.75% $10,339
    BancorpSouth 1 6.25% $7,158
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.00% $9,274
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $9,967
    Alcova Mortgage LLC 1 6.13% $7,493
    SWBC MORTGAGE CORPORATION 1 6.13% $4,914
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $7,522
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.25% $20,075
    TJC Mortgage, Inc. 1 7.75% $4,850
    TOP FLITE FINANCIAL, INC. 1 7.00% $10,449
    TOWNE MORTGAGE COMPANY 1 7.13% $6,986
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.25% $10,900
    UNION HOME MORTGAGE CORP. 1 6.63% $9,654
    GUILD MORTGAGE COMPANY 1 6.63% $9,800
    United Community Bank 1 6.50% $9,406
    GMFS LLC 1 6.13% $10,420
    Loan Simple, Inc. 1 7.25% $13,140
    First Option Mortgage, LLC 1 6.63% $11,623

    The top Lagrange FHA lender as defined by loan originations is Plains Commerce Bank, with 64 FHA loans originated. Their average total fees are $10,465, which is $774 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Lagrange FHA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,541), HOMEBRIDGE FINANCIAL SERVICES, INC. ($8,825), UNITED WHOLESALE MORTGAGE, LLC ($8,879), Flagstar Bank, FSB ($9,215) and QUICKEN LOANS, LLC ($9,691).

    The lowest rate Lagrange FHA lenders (with over 10 loans originated) are BROKER SOLUTIONS, INC. (5.50%), QUICKEN LOANS, LLC (6.25%), Plains Commerce Bank (6.29%), UNITED WHOLESALE MORTGAGE, LLC (6.29%) and HOMEBRIDGE FINANCIAL SERVICES, INC. (6.65%).

    Lagrange FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LAGRANGE, GA-AL CHAMBERS 2022 $420,680 $538,650 $651,050 $809,150
    LAGRANGE, GA-AL TROUP 2022 $420,680 $538,650 $651,050 $809,150
    LAGRANGE, GA-AL CHAMBERS 2023 $472,030 $604,400 $730,525 $907,900
    LAGRANGE, GA-AL TROUP 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lagrange (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 $149,100 (4.7%) $200,245 (10.2%) 0.00 357
    2018-02-01 $149,925 (7.8%) $205,859 (14.8%) 0.00 343
    2018-03-01 $159,900 (15.1%) $206,954 (11.8%) 0.00 348
    2018-04-01 $169,800 (21.4%) $207,359 (9.9%) 0.00 379
    2018-05-01 $170,950 (15.4%) $207,172 (6.4%) 0.00 377
    2018-06-01 $169,900 (15.1%) $209,286 (5.2%) 0.00 386
    2018-07-01 $171,625 (7.3%) $211,006 (3.2%) 0.00 421
    2018-08-01 $162,500 (8.4%) $211,694 (5.6%) 0.00 417
    2018-09-01 $169,900 (14.0%) $208,684 (2.4%) 0.00 426
    2018-10-01 $175,000 (18.9%) $210,552 (4.3%) 0.00 426
    2018-11-01 $184,075 (24.0%) $211,211 (5.7%) 0.00 425
    2018-12-01 $180,000 (22.9%) $214,521 (6.5%) 0.00 416
    2019-01-01 $183,600 (23.1%) $213,038 (6.4%) 0.00 386
    2019-02-01 $189,800 (26.6%) $215,053 (4.5%) 0.00 370
    2019-03-01 $183,514 (14.8%) $215,530 (4.1%) 0.00 375
    2019-04-01 $175,100 (3.1%) $208,809 (0.7%) 0.00 388
    2019-05-01 $177,075 (3.6%) $209,516 (1.1%) 0.00 396
    2019-06-01 $177,995 (4.8%) $208,318 (-0.5%) 0.00 406
    2019-07-01 $172,700 (0.6%) $205,107 (-2.8%) 0.00 412
    2019-08-01 $177,577 (9.3%) $207,513 (-2.0%) 0.00 401
    2019-09-01 $181,443 (6.8%) $209,437 (0.4%) 0.00 390
    2019-10-01 $181,745 (3.9%) $210,355 (-0.1%) 0.00 381
    2019-11-01 $174,450 (-5.2%) $205,286 (-2.8%) 0.00 368
    2019-12-01 $170,568 (-5.2%) $204,185 (-4.8%) 0.00 365
    2020-01-01 $169,900 (-7.5%) $200,025 (-6.1%) 0.00 349
    2020-02-01 $169,900 (-10.5%) $201,146 (-6.5%) 0.00 346
    2020-03-01 $176,200 (-4.0%) $203,808 (-5.4%) 0.00 323
    2020-04-01 $176,450 (0.8%) $204,751 (-1.9%) 0.00 319
    2020-05-01 $187,250 (5.8%) $221,989 (6.0%) 0.00 290
    2020-06-01 $199,945 (12.3%) $233,582 (12.1%) 0.00 262
    2020-07-01 $216,000 (25.1%) $243,701 (18.8%) 0.00 237
    2020-08-01 $219,900 (23.8%) $248,814 (19.9%) 0.00 214
    2020-09-01 $216,075 (19.1%) $255,277 (21.9%) 0.00 195
    2020-10-01 $209,900 (15.5%) $255,820 (21.6%) 0.00 185
    2020-11-01 $189,490 (8.6%) $247,460 (20.5%) 0.00 180
    2020-12-01 $185,615 (8.8%) $242,921 (19.0%) 0.00 192
    2021-01-01 $192,990 (13.6%) $249,471 (24.7%) 0.00 175
    2021-02-01 $204,700 (20.5%) $257,796 (28.2%) 0.00 140
    2021-03-01 $209,788 (19.1%) $260,410 (27.8%) 0.00 122
    2021-04-01 $218,700 (23.9%) $271,647 (32.7%) 0.00 120
    2021-05-01 $214,900 (14.8%) $283,245 (27.6%) 0.00 98
    2021-06-01 $179,975 (-10.0%) $290,015 (24.2%) 0.00 102
    2021-07-01 $169,900 (-21.3%) $316,481 (29.9%) 0.00 121
    2021-08-01 $229,950 (4.6%) $332,682 (33.7%) 0.00 150
    2021-09-01 $232,450 (7.6%) $350,872 (37.5%) 0.00 147
    2021-10-01 $237,000 (12.9%) $359,335 (40.5%) 0.00 130
    2021-11-01 $219,173 (15.7%) $344,424 (39.2%) 0.00 134
    2021-12-01 $209,900 (13.1%) $356,050 (46.6%) 0.00 121
    2022-01-01 $165,000 (-14.5%) $329,462 (32.1%) 0.00 107
    2022-02-01 $177,675 (-13.2%) $315,702 (22.5%) 0.00 105
    2022-03-01 $179,950 (-14.2%) $310,394 (19.2%) 0.00 96
    2022-04-01 $209,900 (-4.0%) $291,087 (7.2%) 0.00 99
    2022-05-01 $229,750 (6.9%) $297,196 (4.9%) 0.00 104
    2022-06-01 $254,900 (41.6%) $320,345 (10.5%) 0.00 133
    2022-07-01 $250,000 (47.2%) $328,546 (3.8%) 0.00 141
    2022-08-01 $263,157 (14.4%) $317,758 (-4.5%) 0.00 170
    2022-09-01 $289,572 (24.6%) $326,700 (-6.9%) 0.00 172
    2022-10-01 $294,990 (24.5%) $329,196 (-8.4%) 0.00 187
    2022-11-01 $294,043 (34.2%) $323,960 (-5.9%) 0.00 202
    2022-12-01 $280,000 (33.4%) $311,473 (-12.5%) 0.00 210
    2023-01-01 $284,945 (72.7%) $307,652 (-6.6%) 0.00 200
    2023-02-01 $289,968 (63.2%) $314,259 (-0.5%) 0.00 207
    2023-03-01 $278,770 (54.9%) $310,029 (-0.1%) 0.00 194
    2023-04-01 $278,625 (32.7%) $303,569 (4.3%) 0.00 194
    2023-05-01 $285,215 (24.1%) $309,013 (4.0%) 0.00 185
    2023-06-01 $289,314 (13.5%) $316,130 (-1.3%) 0.00 194
    2023-07-01 $285,624 (14.3%) $303,101 (-7.7%) 0.00 184
    2023-08-01 $287,195 (9.1%) $311,056 (-2.1%) 0.00 210
    2023-09-01 $299,000 (3.3%) $321,248 (-1.7%) 0.00 261
    2023-10-01 $297,691 (0.9%) $322,262 (-2.1%) 0.00 284
    2023-11-01 $280,695 (-4.5%) $314,755 (-2.8%) 0.00 304
    2023-12-01 $279,900 (0.0%) $312,810 (0.4%) 0.00 289
    2024-01-01 $271,124 (-4.9%) $308,145 (0.2%) 0.00 278
    2024-02-01 $268,250 (-7.5%) $297,598 (-5.3%) 0.00 282
    2024-03-01 $259,450 (-6.9%) $284,988 (-8.1%) 0.00 274
    2024-04-01 $251,350 (-9.8%) $291,328 (-4.0%) 0.00 261
    2024-05-01 $252,380 (-11.5%) $303,513 (-1.8%) 0.00 272
    2024-06-01 $266,802 (-7.8%) $306,516 (-3.0%) 0.00 272
    2024-07-01 $272,068 (-4.8%) $310,279 (2.4%) 0.00 295
    2024-08-01 $277,900 (-3.2%) $310,495 (-0.2%) 0.00 331
    2024-09-01 $289,400 (-3.2%) $321,933 (0.2%) 0.00 355
    2024-10-01 $288,950 (-2.9%) $326,299 (1.3%) 0.00 373
    2024-11-01 $287,695 (2.5%) $324,600 (3.1%) 0.00 363
    2024-12-01 $282,126 (0.8%) $313,187 (0.1%) 0.00 341
    2025-01-01 $288,200 (6.3%) $317,566 (3.1%) 0.00 330
    Lagrange's median listing price for 2025-01-01 was $288,200, a difference of $17,076 (6.3%) versus the prior year and $6,074 versus the prior month.

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

    Lagrange's average listing price for 2025-01-01 was $317,566, a difference of $9,421 (3.1%) versus the prior year and $4,379 versus the prior month.

    For the 2025-01-01 period, Lagrange had 330 MLS listings, a difference of -11 listings (-3%) versus the prior month and 52 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lagrange (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,936 sqft
    2018-02-01 0 days 1,974 sqft
    2018-03-01 0 days 2,049 sqft
    2018-04-01 0 days 2,091 sqft
    2018-05-01 0 days 2,087 sqft
    2018-06-01 0 days 2,088 sqft
    2018-07-01 0 days 2,077 sqft
    2018-08-01 0 days 2,008 sqft
    2018-09-01 0 days 2,035 sqft
    2018-10-01 0 days 2,057 sqft
    2018-11-01 0 days 2,076 sqft
    2018-12-01 0 days 2,075 sqft
    2019-01-01 0 days 2,113 sqft
    2019-02-01 0 days 2,142 sqft
    2019-03-01 0 days 2,188 sqft
    2019-04-01 0 days 2,188 sqft
    2019-05-01 0 days 2,156 sqft
    2019-06-01 0 days 2,185 sqft
    2019-07-01 0 days 2,129 sqft
    2019-08-01 0 days 2,159 sqft
    2019-09-01 0 days 2,124 sqft
    2019-10-01 0 days 2,092 sqft
    2019-11-01 0 days 2,040 sqft
    2019-12-01 0 days 2,022 sqft
    2020-01-01 0 days 1,997 sqft
    2020-02-01 0 days 1,945 sqft
    2020-03-01 0 days 2,029 sqft
    2020-04-01 0 days 2,030 sqft
    2020-05-01 0 days 2,055 sqft
    2020-06-01 0 days 2,124 sqft
    2020-07-01 0 days 2,187 sqft
    2020-08-01 0 days 2,191 sqft
    2020-09-01 0 days 2,149 sqft
    2020-10-01 0 days 2,113 sqft
    2020-11-01 0 days 2,026 sqft
    2020-12-01 0 days 1,986 sqft
    2021-01-01 0 days 2,021 sqft
    2021-02-01 0 days 2,083 sqft
    2021-03-01 0 days 2,081 sqft
    2021-04-01 0 days 2,068 sqft
    2021-05-01 0 days 2,077 sqft
    2021-06-01 0 days 1,843 sqft
    2021-07-01 0 days 1,714 sqft
    2021-08-01 0 days 2,056 sqft
    2021-09-01 0 days 2,053 sqft
    2021-10-01 0 days 1,959 sqft
    2021-11-01 0 days 1,803 sqft
    2021-12-01 0 days 1,780 sqft
    2022-01-01 0 days 1,774 sqft
    2022-02-01 0 days 1,706 sqft
    2022-03-01 0 days 1,793 sqft
    2022-04-01 0 days 1,786 sqft
    2022-05-01 0 days 1,871 sqft
    2022-06-01 0 days 1,830 sqft
    2022-07-01 0 days 1,934 sqft
    2022-08-01 0 days 1,953 sqft
    2022-09-01 0 days 1,985 sqft
    2022-10-01 0 days 2,058 sqft
    2022-11-01 0 days 2,114 sqft
    2022-12-01 0 days 2,087 sqft
    2023-01-01 0 days 2,044 sqft
    2023-02-01 0 days 2,058 sqft
    2023-03-01 0 days 1,931 sqft
    2023-04-01 0 days 1,936 sqft
    2023-05-01 0 days 1,970 sqft
    2023-06-01 0 days 1,946 sqft
    2023-07-01 0 days 1,824 sqft
    2023-08-01 0 days 1,896 sqft
    2023-09-01 0 days 2,007 sqft
    2023-10-01 0 days 1,970 sqft
    2023-11-01 0 days 1,968 sqft
    2023-12-01 0 days 1,918 sqft
    2024-01-01 0 days 1,822 sqft
    2024-02-01 0 days 1,759 sqft
    2024-03-01 0 days 1,705 sqft
    2024-04-01 0 days 1,690 sqft
    2024-05-01 0 days 1,736 sqft
    2024-06-01 0 days 1,776 sqft
    2024-07-01 0 days 1,742 sqft
    2024-08-01 0 days 1,770 sqft
    2024-09-01 0 days 1,882 sqft
    2024-10-01 0 days 1,890 sqft
    2024-11-01 0 days 1,881 sqft
    2024-12-01 0 days 1,800 sqft
    2025-01-01 0 days 1,883 sqft
    Lagrange's median listing age (time on market) for 2025-01-01 was 0 days.

    Lagrange's median square footage for active listings during the 2025-01-01 period was 1,883 sqft. One year prior, the average listing was 1,822 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).