Longview FHA Loan Rates, Closing Costs & Stats

LONGVIEW, TX

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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.

    Longview's 91 lenders originated 552 FHA loans during 2023. The total origination value was $124,720,000, with an average FHA loan value of $225,942.

    Longview FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Longview averaged 6.38% for the week of 2025-03-21, compared to the national average (all FHA variants) of 6.335% for the same period.

    Longview's average FHA mortgage closing costs are $7,932.

    The average rate for the prior week (2025-03-14) was 6.39% and one month ago for the week of 2025-02-14, the average rate was 6.45%.

    The average rate one year ago was 6.85%.

    For refis of the same type during the week of 2025-03-21, the average rate was 6.14%.

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

    Longview 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 Longview level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 78 6.82% $10,838
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 60 7.06% $11,481
    UNITED WHOLESALE MORTGAGE, LLC 49 6.63% $11,885
    INTERLINC MORTGAGE SERVICES, LLC 32 6.83% $8,879
    MORTGAGE FINANCIAL SERVICES, LLC 25 6.98% $10,321
    QUICKEN LOANS, LLC 24 6.40% $11,965
    UNION HOME MORTGAGE CORP. 15 7.19% $8,650
    EVERETT FINANCIAL, INC. 15 7.13% $9,007
    T2 FINANCIAL LLC 11 7.03% $11,522
    Equity Prime Mortgage LLC 9 6.92% $9,559
    SUN WEST MORTGAGE COMPANY, INC. 8 7.02% $12,607
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 7 7.07% $12,166
    GUARANTEED RATE, INC. 7 6.63% $11,792
    SFMC, LP 6 7.08% $10,675
    MANN FINANCIAL INC. 6 7.29% $8,330
    BancorpSouth 6 6.77% $10,798
    CARDINAL FINANCIAL 6 6.08% $11,127
    NEWREZ LLC 6 6.83% $9,463
    AMCAP MORTGAGE, LTD. 5 6.93% $9,660
    PLAZA HOME MORTGAGE, INC. 5 7.05% $10,747
    PLANET HOME LENDING, LLC 5 6.70% $11,193
    CALCON MUTUAL MORTGAGE LLC 5 6.99% $13,214
    AMERICAN FINANCIAL NETWORK, INC. 4 7.28% $11,954
    Guaranty Bank & Trust, N.A. 3 6.38% $10,984
    HALLMARK HOME MORTGAGE, LLC 3 7.00% $15,010
    BROKER SOLUTIONS, INC. 3 6.88% $13,627
    CMG MORTGAGE, INC. 3 7.21% $10,978
    Prosperity Home Mortgage, LLC 3 6.38% $10,084
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 7.38% $11,771
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 7.08% $12,497
    EUSTIS AND AMERICAN MORTGAGE COMPANY 3 6.75% $10,312
    Plains Commerce Bank 3 6.83% $10,803
    Paramount Residential Mortgage Group, Inc. 3 6.92% $9,519
    Mortgage Research Center, LLC 3 7.00% $8,038
    MID AMERICA MORTGAGE, INC. 3 7.42% $6,436
    Loan Simple, Inc. 3 7.38% $13,666
    GSF Mortgage Corporation 3 6.92% $18,402
    LOANDEPOT.COM, LLC 2 7.13% $15,113
    AMERISAVE MORTGAGE CORPORATION 2 6.25% $14,935
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.88% $11,007
    DRAPER AND KRAMER MORTGAGE CORP. 2 6.63% $11,195
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.68% $14,807
    MOVEMENT MORTGAGE, LLC 2 7.25% $12,250
    S1L, Inc. 2 7.44% $10,372
    STOCKTON MORTGAGE CORPORATION 2 6.50% $11,566
    Texas Mortgage Lending, LLC 2 6.38% $13,033
    TIB The Independent Bankersbank 2 6.44% $12,403
    VILLAGE CAPITAL MORTGAGE 2 6.75% $2,689
    FREEDOM MORTGAGE CORPORATION 1 5.63% $12,047
    MLB RESIDENTIAL LENDING, LLC 1 5.75% $9,870
    FLAT BRANCH MORTGAGE, INC. 1 7.25% $12,680
    Flagstar Bank, FSB 1 7.75% $8,569
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $10,744
    MOUNTAIN WEST FINANCIAL, INC. 1 6.00% $7,554
    Assurance Financial Group, L.L.C. 1 6.75% $12,105
    Mr. Cooper ( Nationstar Mortgage ) 1 7.25% $22,882
    NATIONS DIRECT MORTGAGE, LLC 1 7.25% $11,322
    Nations Lending Corporation 1 6.75% $12,175
    Network Funding, L.P. 1 5.88% $9,620
    FirstTrust Home Loans, Inc. 1 8.13% $17,078
    Northpointe Bank 1 6.75% $10,481
    OCMBC, INC. 1 7.75% $13,764
    OPEN MORTGAGE, LLC 1 7.13% $9,853
    Origin Bank 1 7.25% $15,287
    First Federal Bank 1 5.63% $13,007
    PENNYMAC LOAN SERVICES, LLC 1 7.00% $5,123
    Farmers Bank & Trust Company 1 6.75% $9,666
    Encompass Lending Group, LP 1 6.63% $6,371
    EASTMAN 1 6.50% $9,357
    DIRECT MORTGAGE, CORP. 1 4.88% $18,592
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $11,990
    CROSSCOUNTRY MORTGAGE, LLC 1 7.50% $20,497
    Colonial Savings, F.A. 1 6.50% $12,602
    RB MORTGAGE LLC 1 7.13% $11,250
    Regions Bank 1 6.25% $14,569
    Republic State Mortgage Co. 1 6.13% $9,679
    VAN DYK MORTGAGE CORPORATION 1 6.63% $5,068
    CHURCHILL MORTGAGE CORPORATION 1 8.13% $14,043
    WILLOW BEND MORTGAGE COMPANY, LLC 1 6.13% $8,216
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.00% $7,411
    CASTLE & COOKE MORTGAGE, LLC 1 6.75% $11,775
    BARKSDALE 1 6.38% $14,891
    Waterstone Mortgage Corporation 1 8.00% $12,306
    Wells Fargo Bank 1 6.63% $7,271
    Bank of America 1 6.50% $12,815
    INTEGRITY MORTGAGE CORPORATION OF TEXAS 1 6.25% $13,627
    JPMorgan Chase Bank 1 6.49% $9,438
    Keystone Funding, Inc. 1 6.88% $15,671
    ALTRA 1 6.13% $5,962
    GENEVA FINANCIAL, LLC 1 7.13% $8,475
    Gateway First Bank 1 6.88% $9,157

    The top Longview FHA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 78 FHA loans originated. Their average total fees are $10,838, which is $643 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Longview FHA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. ($8,650), INTERLINC MORTGAGE SERVICES, LLC ($8,879), EVERETT FINANCIAL, INC. ($9,007), MORTGAGE FINANCIAL SERVICES, LLC ($10,321) and GUILD MORTGAGE COMPANY ($10,838).

    The lowest rate Longview FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.40%), UNITED WHOLESALE MORTGAGE, LLC (6.63%), GUILD MORTGAGE COMPANY (6.82%), INTERLINC MORTGAGE SERVICES, LLC (6.83%) and MORTGAGE FINANCIAL SERVICES, LLC (6.98%).

    Longview FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    LONGVIEW, TX GREGG 2022 $420,680 $538,650 $651,050 $809,150
    LONGVIEW, TX HARRISON 2022 $420,680 $538,650 $651,050 $809,150
    LONGVIEW, TX RUSK 2022 $420,680 $538,650 $651,050 $809,150
    LONGVIEW, TX UPSHUR 2022 $420,680 $538,650 $651,050 $809,150
    LONGVIEW, TX GREGG 2023 $472,030 $604,400 $730,525 $907,900
    LONGVIEW, TX HARRISON 2023 $472,030 $604,400 $730,525 $907,900
    LONGVIEW, TX RUSK 2023 $472,030 $604,400 $730,525 $907,900
    LONGVIEW, TX UPSHUR 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Longview (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 $179,288 (5.5%) $242,812 (4.8%) 0.66 1,397
    2018-02-01 $175,000 (0.8%) $238,337 (2.2%) 0.64 1,418
    2018-03-01 $179,900 (2.9%) $244,808 (5.1%) 0.63 1,395
    2018-04-01 $181,250 (2.7%) $247,059 (5.1%) 0.61 1,407
    2018-05-01 $185,500 (3.1%) $247,669 (7.4%) 0.62 1,430
    2018-06-01 $192,500 (7.0%) $259,730 (12.3%) 0.64 1,426
    2018-07-01 $197,625 (9.8%) $260,476 (11.1%) 0.66 1,448
    2018-08-01 $193,450 (7.5%) $255,574 (8.5%) 0.65 1,413
    2018-09-01 $189,900 (5.6%) $255,522 (8.1%) 0.64 1,366
    2018-10-01 $191,250 (6.3%) $258,458 (9.7%) 0.65 1,325
    2018-11-01 $189,925 (5.7%) $258,141 (7.7%) 0.64 1,293
    2018-12-01 $189,900 (5.6%) $259,555 (6.5%) 0.66 1,241
    2019-01-01 $191,250 (6.7%) $261,614 (7.7%) 0.66 1,163
    2019-02-01 $193,125 (10.4%) $264,682 (11.1%) 0.65 1,179
    2019-03-01 $196,000 (9.0%) $268,592 (9.7%) 0.64 1,201
    2019-04-01 $199,250 (9.9%) $271,018 (9.7%) 0.63 1,223
    2019-05-01 $199,000 (7.3%) $276,046 (11.5%) 0.62 1,222
    2019-06-01 $199,000 (3.4%) $271,403 (4.5%) 0.62 1,200
    2019-07-01 $199,900 (1.2%) $267,403 (2.7%) 0.63 1,206
    2019-08-01 $199,900 (3.3%) $267,341 (4.6%) 0.63 1,213
    2019-09-01 $199,900 (5.3%) $266,462 (4.3%) 0.64 1,184
    2019-10-01 $199,700 (4.4%) $265,149 (2.6%) 0.64 1,149
    2019-11-01 $199,500 (5.0%) $262,907 (1.9%) 0.65 1,084
    2019-12-01 $194,700 (2.5%) $255,463 (-1.6%) 0.65 979
    2020-01-01 $194,900 (1.9%) $257,396 (-1.6%) 0.65 884
    2020-02-01 $195,000 (1.0%) $259,807 (-1.8%) 0.64 876
    2020-03-01 $199,250 (1.7%) $270,053 (0.5%) 0.62 832
    2020-04-01 $197,225 (-1.0%) $270,636 (-0.1%) 0.62 817
    2020-05-01 $199,900 (0.5%) $280,371 (1.6%) 0.61 788
    2020-06-01 $215,222 (8.2%) $293,539 (8.2%) 0.63 715
    2020-07-01 $224,950 (12.5%) $298,867 (11.8%) 0.65 658
    2020-08-01 $223,250 (11.7%) $303,358 (13.5%) 0.64 640
    2020-09-01 $229,900 (15.0%) $315,718 (18.5%) 0.66 608
    2020-10-01 $227,900 (14.1%) $318,534 (20.1%) 0.65 551
    2020-11-01 $222,500 (11.5%) $314,207 (19.5%) 0.65 526
    2020-12-01 $212,500 (9.1%) $306,068 (19.8%) 0.63 505
    2021-01-01 $209,900 (7.7%) $311,267 (20.9%) 0.63 468
    2021-02-01 $199,900 (2.5%) $322,120 (24.0%) 0.58 387
    2021-03-01 $194,000 (-2.6%) $321,420 (19.0%) 0.55 346
    2021-04-01 $214,900 (9.0%) $321,836 (18.9%) 0.58 336
    2021-05-01 $219,900 (10.0%) $336,137 (19.9%) 0.58 287
    2021-06-01 $239,450 (11.3%) $371,048 (26.4%) 0.63 309
    2021-07-01 $259,925 (15.6%) $378,525 (26.7%) 0.69 404
    2021-08-01 $259,975 (16.5%) $373,087 (23.0%) 0.69 420
    2021-09-01 $262,500 (14.2%) $374,397 (18.6%) 0.70 416
    2021-10-01 $259,944 (14.1%) $378,964 (19.0%) 0.69 373
    2021-11-01 $250,000 (12.4%) $366,356 (16.6%) 0.67 376
    2021-12-01 $250,000 (17.7%) $370,357 (21.0%) 0.68 359
    2022-01-01 $230,000 (9.6%) $360,507 (15.8%) 0.62 308
    2022-02-01 $244,000 (22.1%) $379,684 (17.9%) 0.63 283
    2022-03-01 $273,569 (41.0%) $406,174 (26.4%) 0.68 280
    2022-04-01 $275,500 (28.2%) $385,762 (19.9%) 0.66 266
    2022-05-01 $276,000 (25.5%) $407,102 (21.1%) 0.63 322
    2022-06-01 $301,840 (26.1%) $407,811 (9.9%) 0.67 366
    2022-07-01 $299,000 (15.0%) $397,698 (5.1%) 0.67 444
    2022-08-01 $297,975 (14.6%) $394,895 (5.9%) 0.69 519
    2022-09-01 $298,250 (13.6%) $390,271 (4.2%) 0.70 552
    2022-10-01 $299,999 (15.4%) $394,558 (4.1%) 0.71 554
    2022-11-01 $299,999 (20.0%) $398,407 (8.8%) 0.72 551
    2022-12-01 $299,863 (19.9%) $388,359 (4.9%) 0.74 540
    2023-01-01 $299,663 (30.3%) $393,760 (9.2%) 0.74 512
    2023-02-01 $295,000 (20.9%) $387,475 (2.1%) 0.71 485
    2023-03-01 $291,918 (6.7%) $395,316 (-2.7%) 0.69 468
    2023-04-01 $299,900 (8.9%) $403,083 (4.5%) 0.70 475
    2023-05-01 $306,725 (11.1%) $384,442 (-5.6%) 0.70 498
    2023-06-01 $299,000 (-0.9%) $381,777 (-6.4%) 0.67 557
    2023-07-01 $312,870 (4.6%) $395,748 (-0.5%) 0.71 612
    2023-08-01 $314,750 (5.6%) $404,323 (2.4%) 0.72 671
    2023-09-01 $299,250 (0.3%) $389,667 (-0.2%) 0.70 707
    2023-10-01 $299,900 (0.0%) $392,696 (-0.5%) 0.71 743
    2023-11-01 $299,125 (-0.3%) $376,934 (-5.4%) 0.71 795
    2023-12-01 $299,000 (-0.3%) $376,093 (-3.2%) 0.73 797
    2024-01-01 $299,450 (-0.1%) $375,936 (-4.5%) 0.73 749
    2024-02-01 $299,900 (1.7%) $375,865 (-3.0%) 0.72 756
    2024-03-01 $305,000 (4.5%) $379,401 (-4.0%) 0.72 787
    2024-04-01 $310,000 (3.4%) $384,050 (-4.7%) 0.72 816
    2024-05-01 $309,737 (1.0%) $389,819 (1.4%) 0.70 856
    2024-06-01 $315,000 (5.4%) $386,208 (1.2%) 0.72 901
    2024-07-01 $314,919 (0.7%) $384,911 (-2.7%) 0.72 940
    2024-08-01 $313,950 (-0.3%) $383,513 (-5.2%) 0.73 936
    2024-09-01 $300,000 (0.3%) $380,673 (-2.3%) 0.71 968
    2024-10-01 $306,000 (2.0%) $377,372 (-3.9%) 0.72 990
    2024-11-01 $300,000 (0.3%) $378,285 (0.4%) 0.72 971
    2024-12-01 $299,980 (0.3%) $377,168 (0.3%) 0.75 931
    2025-01-01 $299,900 (0.2%) $374,421 (-0.4%) 0.75 894
    2025-02-01 $300,700 (0.3%) $380,535 (1.2%) 0.73 910
    Longview's median listing price for 2025-02-01 was $300,700, a difference of $800 (0.3%) versus the prior year and $800 versus the prior month.

    Longview's median listing price comes in at 73% of the national average.

    Longview's average listing price for 2025-02-01 was $380,535, a difference of $4,670 (1.2%) versus the prior year and $6,114 versus the prior month.

    For the 2025-02-01 period, Longview had 910 MLS listings, a difference of 16 listings (2%) versus the prior month and 154 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Longview (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 110 days 2,016 sqft
    2018-02-01 106 days 1,973 sqft
    2018-03-01 93 days 1,995 sqft
    2018-04-01 72 days 2,031 sqft
    2018-05-01 66 days 2,024 sqft
    2018-06-01 68 days 2,046 sqft
    2018-07-01 68 days 2,035 sqft
    2018-08-01 71 days 2,032 sqft
    2018-09-01 81 days 2,020 sqft
    2018-10-01 88 days 2,031 sqft
    2018-11-01 89 days 2,041 sqft
    2018-12-01 90 days 2,017 sqft
    2019-01-01 97 days 2,026 sqft
    2019-02-01 95 days 2,059 sqft
    2019-03-01 83 days 2,073 sqft
    2019-04-01 70 days 2,089 sqft
    2019-05-01 64 days 2,075 sqft
    2019-06-01 61 days 2,058 sqft
    2019-07-01 61 days 2,053 sqft
    2019-08-01 63 days 2,070 sqft
    2019-09-01 68 days 2,085 sqft
    2019-10-01 72 days 2,094 sqft
    2019-11-01 75 days 2,074 sqft
    2019-12-01 81 days 2,029 sqft
    2020-01-01 94 days 2,030 sqft
    2020-02-01 86 days 2,027 sqft
    2020-03-01 65 days 2,031 sqft
    2020-04-01 70 days 2,025 sqft
    2020-05-01 73 days 2,053 sqft
    2020-06-01 78 days 2,129 sqft
    2020-07-01 64 days 2,135 sqft
    2020-08-01 59 days 2,148 sqft
    2020-09-01 61 days 2,158 sqft
    2020-10-01 63 days 2,152 sqft
    2020-11-01 61 days 2,116 sqft
    2020-12-01 63 days 2,046 sqft
    2021-01-01 64 days 2,028 sqft
    2021-02-01 77 days 2,056 sqft
    2021-03-01 66 days 2,048 sqft
    2021-04-01 37 days 2,044 sqft
    2021-05-01 33 days 1,972 sqft
    2021-06-01 31 days 2,045 sqft
    2021-07-01 31 days 2,078 sqft
    2021-08-01 37 days 2,041 sqft
    2021-09-01 42 days 2,053 sqft
    2021-10-01 50 days 2,021 sqft
    2021-11-01 52 days 2,016 sqft
    2021-12-01 49 days 1,981 sqft
    2022-01-01 60 days 1,945 sqft
    2022-02-01 40 days 1,882 sqft
    2022-03-01 33 days 2,051 sqft
    2022-04-01 36 days 2,046 sqft
    2022-05-01 24 days 2,082 sqft
    2022-06-01 33 days 2,142 sqft
    2022-07-01 36 days 2,109 sqft
    2022-08-01 38 days 2,095 sqft
    2022-09-01 46 days 2,102 sqft
    2022-10-01 54 days 2,078 sqft
    2022-11-01 52 days 2,094 sqft
    2022-12-01 67 days 2,076 sqft
    2023-01-01 84 days 2,085 sqft
    2023-02-01 79 days 2,022 sqft
    2023-03-01 56 days 2,025 sqft
    2023-04-01 46 days 2,064 sqft
    2023-05-01 50 days 2,074 sqft
    2023-06-01 46 days 2,019 sqft
    2023-07-01 48 days 2,041 sqft
    2023-08-01 52 days 2,064 sqft
    2023-09-01 57 days 2,030 sqft
    2023-10-01 65 days 2,044 sqft
    2023-11-01 61 days 2,020 sqft
    2023-12-01 68 days 2,001 sqft
    2024-01-01 77 days 2,025 sqft
    2024-02-01 78 days 2,025 sqft
    2024-03-01 64 days 2,040 sqft
    2024-04-01 55 days 2,056 sqft
    2024-05-01 58 days 2,062 sqft
    2024-06-01 61 days 2,026 sqft
    2024-07-01 64 days 2,024 sqft
    2024-08-01 65 days 2,034 sqft
    2024-09-01 71 days 2,020 sqft
    2024-10-01 69 days 2,007 sqft
    2024-11-01 74 days 2,010 sqft
    2024-12-01 84 days 2,013 sqft
    2025-01-01 91 days 2,009 sqft
    2025-02-01 85 days 2,014 sqft
    Longview's median listing age (time on market) for 2025-02-01 was 85 days. This is 9% longer than the same period one year ago.

    Longview's median square footage for active listings during the 2025-02-01 period was 2,014 sqft. One year prior, the average listing was 2,025 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).