New Haven FHA Loan Rates, Closing Costs & Stats

NEW HAVEN-MILFORD, CT

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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.

    New Haven's 139 lenders originated 2,749 FHA loans during 2022. The total origination value was $764,375,000, with an average FHA loan value of $278,056.

    New Haven FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in New Haven averaged 6.46% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

    New Haven's average FHA mortgage closing costs are $8,460.

    The average rate for the prior week (2023-05-19) was 6.33% and one month ago for the week of 2023-04-21, the average rate was 5.87%.

    The average rate one year ago was 4.89%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.11%.

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

    New Haven 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 New Haven level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 213 4.54% $10,821
    TOTAL MORTGAGE SERVICES, LLC 204 5.09% $11,903
    UNITED WHOLESALE MORTGAGE, LLC 201 4.84% $10,512
    LOANDEPOT.COM, LLC 132 4.55% $12,236
    FIRST WORLD MORTGAGE CORPORATION 126 4.74% $10,014
    HOMEBRIDGE FINANCIAL SERVICES, INC. 98 5.21% $12,898
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 94 4.97% $11,245
    Citizens Bank 92 4.48% $9,273
    CROSSCOUNTRY MORTGAGE, LLC 82 5.21% $12,555
    CALIBER HOME LOANS, INC. 78 4.70% $10,421
    MOVEMENT MORTGAGE, LLC 74 4.79% $10,856
    NORWICH COMMERCIAL GROUP, INC. 72 5.01% $10,816
    PLAZA HOME MORTGAGE, INC. 61 5.03% $11,842
    FREEDOM MORTGAGE CORPORATION 44 4.92% $10,465
    GUARANTEED RATE AFFINITY, LLC 41 5.01% $11,509
    Carrington Mortgage Services, LLC 39 4.71% $11,912
    HOME POINT FINANCIAL CORPORATION 39 4.17% $10,524
    GUARANTEED RATE, INC. 38 4.74% $11,343
    CARDINAL FINANCIAL 33 4.84% $14,781
    AMERISAVE MORTGAGE CORPORATION 32 4.27% $11,985
    Flagstar Bank, FSB 31 4.07% $10,400
    PRIMELENDING, A PLAINSCAPITAL COMPANY 30 5.18% $11,540
    BROKER SOLUTIONS, INC. 29 4.65% $10,764
    PRIMARY RESIDENTIAL MORTGAGE, INC. 27 5.29% $12,765
    Prosperity Home Mortgage, LLC 26 4.82% $9,787
    Mr. Cooper ( Nationstar Mortgage ) 25 4.34% $13,478
    NEWREZ LLC 25 4.50% $9,622
    Paramount Residential Mortgage Group, Inc. 23 4.59% $11,155
    EVERETT FINANCIAL, INC. 21 5.23% $7,319
    Equity Prime Mortgage LLC 21 5.10% $11,648
    WILLIAM RAVEIS MORTGAGE, LLC 19 4.15% $9,701
    ENVOY MORTGAGE, LTD 18 5.29% $13,012
    LAKEVIEW LOAN SERVICING, LLC 17 3.62% $5,948
    Bank of England 17 4.44% $10,224
    PANORAMA MORTGAGE GROUP, LLC 16 5.50% $12,084
    BAY EQUITY LLC 16 4.93% $10,256
    HOMESIDE FINANCIAL, LLC 15 4.67% $13,469
    M&T Bank 15 4.28% $8,847
    NATIONWIDE MORTGAGE BANKERS, INC. 14 5.38% $14,656
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 4.59% $11,760
    AMERICAN PACIFIC MORTGAGE CORPORATION 14 5.49% $13,843
    EQUITY RESOURCES, INC. 14 4.79% $10,342
    MUTUAL OF OMAHA MORTGAGE, INC. 13 4.97% $13,351
    Mortgage Network, Inc. 13 4.91% $10,476
    PENNYMAC LOAN SERVICES, LLC 13 5.18% $12,067
    PROVINCE MORTGAGE ASSOCIATES, INC. 12 5.26% $11,356
    First Home Bank 12 5.25% $14,036
    PRYSMA LENDING GROUP, LLC 11 4.90% $13,548
    Lakeview Community Capital, LLC 11 3.95% $5,346
    The Federal Savings Bank 10 5.36% $12,715
    FINANCE OF AMERICA MORTGAGE LLC 10 4.30% $9,771
    Bank of America 10 3.78% $6,403
    HOMESTEAD FUNDING CORP. 10 5.56% $8,546
    Evolve Bank & Trust 9 4.24% $9,932
    CONTOUR MORTGAGE CORPORATION 9 5.28% $12,739
    GUILD MORTGAGE COMPANY 9 4.56% $9,861
    ALLIED MORTGAGE GROUP, INC. 8 4.95% $9,679
    RELIANCE FIRST CAPITAL, LLC 8 4.98% $11,505
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 8 5.56% $9,793
    PLANET HOME LENDING, LLC 7 5.23% $9,957
    VILLAGE CAPITAL MORTGAGE 7 3.50% $5,160
    East Coast Capital Corp. 6 5.52% $14,486
    Mortgage Research Center, LLC 6 4.13% $6,855
    LEADERONE FINANCIAL CORPORATION 6 5.44% $11,511
    MLB RESIDENTIAL LENDING, LLC 5 5.48% $15,217
    AMERICAN FINANCING CORPORATION 5 4.03% $8,223
    ABSOLUTE HOME MORTGAGE CORPORATION 5 5.95% $14,707
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 5 4.48% $11,629
    Northpointe Bank 5 4.93% $15,989
    CMG MORTGAGE, INC. 5 5.17% $12,243
    Magnolia Bank 5 4.50% $14,484
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 5 5.55% $14,227
    First Guaranty Mortgage Corporation 4 3.44% $8,526
    Hometown Equity Mortgage, LLC 4 5.22% $11,544
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 4 4.63% $12,105
    INTERSTATE HOME LOAN CENTER, INC. 4 4.25% $15,213
    JET DIRECT FUNDING CORP 4 4.97% $16,603
    JPMorgan Chase Bank 4 4.97% $9,008
    KeyBank 4 3.69% $9,144
    UNITED MORTGAGE CORP. 4 5.22% $16,955
    First Federal Bank 4 5.19% $14,926
    EMBRACE HOME LOANS, INC. 3 4.42% $8,932
    AMERICAN EAGLE FINANCIAL CREDIT UNION 3 4.79% $8,520
    ARC HOME LLC 3 4.58% $14,499
    CONTINENTAL MORTGAGE BANKERS, INC. 3 4.96% $16,314
    First Savings Bank 3 3.75% $11,653
    NATIONS DIRECT MORTGAGE, LLC 3 6.46% $10,811
    NFM, INC. 3 5.13% $9,847
    US MORTGAGE CORPORATION 3 5.46% $11,517
    Wyndham Capital Mortgage, Inc. 3 4.75% $8,110
    LOANPAL, LLC 2 5.44% $13,167
    FM Home Loans, LLC 2 4.75% $9,361
    Liberty Bank 2 6.56% $6,863
    UNION HOME MORTGAGE CORP. 2 5.25% $9,620
    Century Mortgage Company DBA Century Lending Company 2 3.88% $7,599
    LENDING CAPITAL GROUP Inc 2 4.19% $7,414
    PHH Mortgage Corporation 2 5.44% $13,925
    U.S. Bank 2 5.94% $9,048
    Plains Commerce Bank 2 6.25% $14,977
    Barrington Bank & Trust Company, N.A. 2 5.94% $19,977
    Webster Bank 2 4.94% $6,881
    Wells Fargo Bank 2 5.56% $11,924
    SUN WEST MORTGAGE COMPANY, INC. 2 3.63% $12,508
    RESIDENTIAL BANCORP. 2 4.44% $8,847
    CHERRY CREEK MORTGAGE, LLC 2 4.63% $6,568
    DRAPER AND KRAMER MORTGAGE CORP. 1 4.75% $12,913
    Quontic Bank 1 3.25% $9,927
    Citibank 1 3.25% $6,879
    RESIDENTIAL HOME FUNDING CORP. 1 5.75% $17,160
    CHURCHILL MORTGAGE CORPORATION 1 5.75% $8,032
    Savings Bank of Danbury 1 2.75% $7,936
    Shamrock Home Loans, Inc. 1 5.25% $6,899
    Sierra Pacific Mortgage Company, Inc. 1 4.00% $11,084
    Strong Home Mortgage, LLC 1 4.25% $11,235
    TD Bank 1 4.63% $10,446
    Thomaston Savings Bank 1 5.13% $7,590
    Charter Oak Federal Credit Union 1 4.13% $7,335
    TOWNE MORTGAGE COMPANY 1 5.13% $10,555
    Bethpage Federal Credit Union 1 5.13% $4,144
    BAYSHORE MORTGAGE FUNDING, LLC 1 4.75% $16,426
    ZILLOW HOME LOANS, LLC 1 3.50% $9,818
    MY MORTGAGE, INC. 1 6.88% $14,142
    NBKC BANK 1 2.75% $9,596
    AMCAP MORTGAGE, LTD. 1 4.38% $9,577
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $18,626
    NJ LENDERS CORP. 1 4.75% $12,747
    OCEANSIDE MORTGAGE COMPANY 1 3.88% $8,274
    OCMBC, INC. 1 4.13% $6,642
    Kwik Mortgage Corporation 1 5.13% $8,096
    Hometown Lenders, Inc. 1 6.75% $21,236
    People's United Bank 1 2.75% $7,504
    HARBORONE MORTGAGE, LLC 1 3.13% $7,796
    POLARIS HOME FUNDING CORP. 1 6.38% $19,691
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.75% $19,053
    EQUITY NOW INC. 1 6.13% $12,084
    Princeton Mortgage Corporation 1 5.75% $11,826
    EMM LOANS LLC 1 6.13% $15,417
    1ST 2ND MORTGAGE COMPANY OF N.J., INC. 1 5.75% $12,559
    Eastern Bank 1 6.25% $12,919

    The top New Haven FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 213 FHA loans originated. Their average total fees are $10,821, which is $1,082 lower than the next largest lender, TOTAL MORTGAGE SERVICES, LLC.

    The lowest fee New Haven FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($5,346), LAKEVIEW LOAN SERVICING, LLC ($5,948), Bank of America ($6,403), EVERETT FINANCIAL, INC. ($7,319) and HOMESTEAD FUNDING CORP. ($8,546).

    The lowest rate New Haven FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.62%), Bank of America (3.78%), Lakeview Community Capital, LLC (3.95%), Flagstar Bank, FSB (4.07%) and WILLIAM RAVEIS MORTGAGE, LLC (4.15%).

    New Haven FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    NEW HAVEN-MILFORD, CT NEW HAVEN 2022 $420,680 $538,650 $651,050 $809,150
    NEW HAVEN-MILFORD, CT NEW HAVEN 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - New Haven (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 $261,475 (4.8%) $397,044 (8.9%) 0.97 2,823
    2018-02-01 $267,400 (7.0%) $408,705 (10.9%) 0.97 2,761
    2018-03-01 $279,000 (6.3%) $417,339 (12.5%) 0.98 2,890
    2018-04-01 $285,000 (5.6%) $408,523 (7.3%) 0.97 3,016
    2018-05-01 $296,950 (8.0%) $394,701 (1.5%) 0.99 3,248
    2018-06-01 $294,950 (5.9%) $390,762 (-3.0%) 0.98 3,404
    2018-07-01 $289,948 (3.9%) $397,522 (-0.9%) 0.97 3,530
    2018-08-01 $289,700 (5.2%) $382,154 (-4.1%) 0.97 3,604
    2018-09-01 $289,500 (7.2%) $385,236 (-2.9%) 0.97 3,613
    2018-10-01 $284,800 (5.5%) $384,146 (-2.6%) 0.96 3,528
    2018-11-01 $274,975 (3.2%) $375,705 (-3.9%) 0.93 3,355
    2018-12-01 $269,900 (2.2%) $370,370 (-5.1%) 0.93 3,029
    2019-01-01 $269,900 (3.2%) $371,680 (-6.4%) 0.93 2,716
    2019-02-01 $274,700 (2.7%) $377,129 (-7.7%) 0.93 2,670
    2019-03-01 $289,900 (3.9%) $392,796 (-5.9%) 0.97 2,701
    2019-04-01 $299,450 (5.1%) $397,857 (-2.6%) 0.95 2,863
    2019-05-01 $293,224 (-1.3%) $393,000 (-0.4%) 0.92 3,024
    2019-06-01 $294,995 (0.0%) $390,448 (-0.1%) 0.92 3,182
    2019-07-01 $292,450 (0.9%) $388,756 (-2.2%) 0.92 3,207
    2019-08-01 $285,000 (-1.6%) $381,646 (-0.1%) 0.89 3,242
    2019-09-01 $279,450 (-3.5%) $379,123 (-1.6%) 0.88 2,986
    2019-10-01 $275,000 (-3.4%) $372,510 (-3.0%) 0.89 3,028
    2019-11-01 $274,900 (0.0%) $367,636 (-2.2%) 0.90 2,773
    2019-12-01 $270,950 (0.4%) $367,962 (-0.7%) 0.90 2,408
    2020-01-01 $269,925 (0.0%) $368,568 (-0.8%) 0.90 2,123
    2020-02-01 $275,000 (0.1%) $377,743 (0.2%) 0.90 2,040
    2020-03-01 $289,950 (0.0%) $390,744 (-0.5%) 0.91 2,102
    2020-04-01 $289,900 (-3.2%) $396,727 (-0.3%) 0.91 2,052
    2020-05-01 $299,900 (2.3%) $406,164 (3.4%) 0.91 1,908
    2020-06-01 $317,450 (7.6%) $432,757 (10.8%) 0.94 1,666
    2020-07-01 $326,950 (11.8%) $448,513 (15.4%) 0.95 1,591
    2020-08-01 $320,000 (12.3%) $453,950 (19.0%) 0.92 1,559
    2020-09-01 $308,500 (10.4%) $450,543 (18.8%) 0.88 1,594
    2020-10-01 $310,000 (12.7%) $449,549 (20.7%) 0.89 1,548
    2020-11-01 $309,450 (12.6%) $447,767 (21.8%) 0.90 1,453
    2020-12-01 $300,000 (10.7%) $454,473 (23.5%) 0.89 1,268
    2021-01-01 $310,000 (14.9%) $468,117 (27.0%) 0.93 1,019
    2021-02-01 $317,975 (15.6%) $472,862 (25.2%) 0.92 835
    2021-03-01 $324,900 (12.1%) $491,572 (25.8%) 0.92 814
    2021-04-01 $333,250 (15.0%) $516,992 (30.3%) 0.90 845
    2021-05-01 $340,000 (13.4%) $512,193 (26.1%) 0.90 956
    2021-06-01 $337,400 (6.3%) $507,267 (17.2%) 0.89 1,132
    2021-07-01 $335,000 (2.5%) $508,451 (13.4%) 0.88 1,290
    2021-08-01 $329,575 (3.0%) $486,132 (7.1%) 0.88 1,415
    2021-09-01 $324,950 (5.3%) $478,572 (6.2%) 0.87 1,421
    2021-10-01 $329,000 (6.1%) $484,266 (7.7%) 0.88 1,361
    2021-11-01 $329,900 (6.6%) $481,309 (7.5%) 0.88 1,102
    2021-12-01 $321,000 (7.0%) $471,258 (3.7%) 0.87 920
    2022-01-01 $329,900 (6.4%) $486,516 (3.9%) 0.89 732
    2022-02-01 $344,450 (8.3%) $508,974 (7.6%) 0.90 625
    2022-03-01 $350,000 (7.7%) $513,833 (4.5%) 0.88 626
    2022-04-01 $351,000 (5.3%) $520,885 (0.8%) 0.84 749
    2022-05-01 $357,450 (5.1%) $506,099 (-1.2%) 0.82 882
    2022-06-01 $361,000 (7.0%) $502,853 (-0.9%) 0.80 1,014
    2022-07-01 $358,000 (6.9%) $494,812 (-2.7%) 0.81 1,153
    2022-08-01 $360,950 (9.5%) $488,184 (0.4%) 0.83 1,136
    2022-09-01 $353,228 (8.7%) $497,775 (4.0%) 0.83 1,137
    2022-10-01 $350,000 (6.4%) $497,744 (2.8%) 0.82 1,180
    2022-11-01 $349,950 (6.1%) $490,084 (1.8%) 0.84 1,165
    2022-12-01 $349,900 (9.0%) $489,391 (3.9%) 0.86 977
    2023-01-01 $372,450 (12.9%) $493,418 (1.4%) 0.92 800
    2023-02-01 $387,000 (12.4%) $515,822 (1.4%) 0.93 712
    2023-03-01 $399,000 (14.0%) $542,237 (5.5%) 0.94 698
    2023-04-01 $399,950 (14.0%) $549,293 (5.5%) 0.93 716
    New Haven's median listing price for 2023-04-01 was $399,950, a difference of $48,950 (14.0%) versus the prior year and $950 versus the prior month.

    New Haven's median listing price comes in at 93% of the national average.

    New Haven's average listing price for 2023-04-01 was $549,293, a difference of $28,408 (5.5%) versus the prior year and $7,056 versus the prior month.

    For the 2023-04-01 period, New Haven had 716 MLS listings, a difference of 18 listings (3%) versus the prior month and -33 listings (-4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - New Haven (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 101 days 1,600 sqft
    2018-02-01 99 days 1,618 sqft
    2018-03-01 70 days 1,657 sqft
    2018-04-01 58 days 1,707 sqft
    2018-05-01 54 days 1,730 sqft
    2018-06-01 57 days 1,716 sqft
    2018-07-01 65 days 1,703 sqft
    2018-08-01 68 days 1,682 sqft
    2018-09-01 72 days 1,692 sqft
    2018-10-01 79 days 1,682 sqft
    2018-11-01 83 days 1,645 sqft
    2018-12-01 95 days 1,626 sqft
    2019-01-01 102 days 1,609 sqft
    2019-02-01 96 days 1,618 sqft
    2019-03-01 68 days 1,668 sqft
    2019-04-01 53 days 1,712 sqft
    2019-05-01 51 days 1,747 sqft
    2019-06-01 54 days 1,848 sqft
    2019-07-01 62 days 1,845 sqft
    2019-08-01 73 days 1,830 sqft
    2019-09-01 80 days 1,825 sqft
    2019-10-01 75 days 1,807 sqft
    2019-11-01 75 days 1,800 sqft
    2019-12-01 86 days 1,777 sqft
    2020-01-01 93 days 1,759 sqft
    2020-02-01 84 days 1,780 sqft
    2020-03-01 53 days 1,800 sqft
    2020-04-01 60 days 1,782 sqft
    2020-05-01 73 days 1,817 sqft
    2020-06-01 57 days 1,854 sqft
    2020-07-01 43 days 1,868 sqft
    2020-08-01 41 days 1,862 sqft
    2020-09-01 42 days 1,823 sqft
    2020-10-01 43 days 1,817 sqft
    2020-11-01 47 days 1,783 sqft
    2020-12-01 55 days 1,771 sqft
    2021-01-01 68 days 1,752 sqft
    2021-02-01 59 days 1,735 sqft
    2021-03-01 25 days 1,728 sqft
    2021-04-01 26 days 1,793 sqft
    2021-05-01 23 days 1,792 sqft
    2021-06-01 23 days 1,757 sqft
    2021-07-01 29 days 1,729 sqft
    2021-08-01 32 days 1,601 sqft
    2021-09-01 38 days 1,578 sqft
    2021-10-01 44 days 1,605 sqft
    2021-11-01 50 days 1,580 sqft
    2021-12-01 57 days 1,570 sqft
    2022-01-01 64 days 1,592 sqft
    2022-02-01 36 days 1,588 sqft
    2022-03-01 21 days 1,607 sqft
    2022-04-01 17 days 1,581 sqft
    2022-05-01 18 days 1,594 sqft
    2022-06-01 22 days 1,604 sqft
    2022-07-01 27 days 1,608 sqft
    2022-08-01 33 days 1,789 sqft
    2022-09-01 38 days 1,803 sqft
    2022-10-01 36 days 1,803 sqft
    2022-11-01 45 days 1,796 sqft
    2022-12-01 56 days 1,776 sqft
    2023-01-01 65 days 1,761 sqft
    2023-02-01 44 days 1,758 sqft
    2023-03-01 33 days 1,854 sqft
    2023-04-01 31 days 1,803 sqft
    New Haven's median listing age (time on market) for 2023-04-01 was 31 days. This is 88% longer than the same period one year ago.

    New Haven's median square footage for active listings during the 2023-04-01 period was 1,803 sqft. One year prior, the average listing was 1,581 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).