Pueblo FHA Loan Rates, Closing Costs & Stats

PUEBLO, CO

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Pueblo's 100 lenders originated 916 FHA loans during 2023. The total origination value was $241,810,000, with an average FHA loan value of $263,985.

    Pueblo FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Pueblo averaged 6.29% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

    Pueblo's average FHA mortgage closing costs are $8,288.

    The average rate for the prior week (2024-12-06) was 6.06% and one month ago for the week of 2024-11-08, the average rate was 6.02%.

    The average rate one year ago was 6.53%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.22%.

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

    Pueblo 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 Pueblo level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 95 6.08% $11,651
    THRIVE MORTGAGE, LLC 76 6.64% $11,591
    MORTGAGE SOLUTIONS OF COLORADO, LLC 57 6.86% $11,197
    QUICKEN LOANS, LLC 55 6.07% $12,091
    CORNERSTONE HOME LENDING, INC. 38 4.16% $15,342
    Ent Credit Union 36 6.16% $7,532
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 26 6.79% $10,707
    UNIVERSAL LENDING CORPORATION 26 6.75% $10,802
    PREMIER MORTGAGE SERVICES, INC. 25 6.42% $10,954
    BROKER SOLUTIONS, INC. 23 6.63% $11,270
    LOANDEPOT.COM, LLC 20 6.48% $11,636
    PRIMARY RESIDENTIAL MORTGAGE, INC. 18 6.74% $7,873
    Loan Simple, Inc. 17 6.79% $11,717
    GUILD MORTGAGE COMPANY 14 6.62% $10,861
    NFM, INC. 14 6.88% $10,665
    CALIBER HOME LOANS, INC. 13 6.60% $11,309
    NEWREZ LLC 12 6.65% $13,508
    Paramount Residential Mortgage Group, Inc. 12 6.46% $13,115
    HOMEAMERICAN MORTGAGE CORPORATION 10 5.20% $7,341
    MID AMERICA MORTGAGE, INC. 10 6.39% $5,493
    CROSSCOUNTRY MORTGAGE, LLC 8 6.88% $9,829
    LOANPAL, LLC 7 6.02% $12,035
    HOMESIDE FINANCIAL, LLC 7 7.45% $9,889
    AMERICAN FINANCIAL NETWORK, INC. 7 6.75% $9,370
    GUARANTEED RATE, INC. 6 6.40% $13,168
    FREEDOM MORTGAGE CORPORATION 6 6.75% $14,760
    AMERICAN FINANCING CORPORATION 5 6.13% $9,690
    MASON MCDUFFIE MORTGAGE CORPORATION 5 6.25% $15,262
    S1L, Inc. 5 6.50% $9,991
    Mr. Cooper ( Nationstar Mortgage ) 5 5.95% $15,877
    CARDINAL FINANCIAL 5 6.72% $9,532
    BAY EQUITY LLC 5 7.10% $11,971
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 7.41% $14,413
    Century Mortgage Company DBA Century Lending Company 4 5.75% $12,280
    Plains Commerce Bank 4 6.16% $13,525
    Midwest Mortgage Associates Corporation 4 6.41% $6,758
    Flagstar Bank, FSB 4 6.34% $10,221
    AMERISAVE MORTGAGE CORPORATION 4 5.56% $13,894
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.91% $9,693
    V.I.P. MORTGAGE, INC. 3 7.13% $9,876
    American Mortgage & Equity Consultants, Inc. 3 6.00% $9,086
    AXIA FINANCIAL, LLC 3 6.92% $13,306
    Carrington Mortgage Services, LLC 3 5.54% $14,963
    Equity Prime Mortgage LLC 3 6.54% $9,229
    INTERCAP LENDING INC. 3 6.58% $13,310
    Ixonia Bank 3 6.88% $12,975
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.42% $13,712
    Northpointe Bank 3 6.46% $11,057
    PENNYMAC LOAN SERVICES, LLC 3 6.46% $9,278
    PLANET HOME LENDING, LLC 3 6.17% $11,505
    The Central Trust Bank 3 7.33% $7,493
    UNION HOME MORTGAGE CORP. 2 7.25% $8,725
    NBH Bank 2 7.13% $5,925
    CHERRY CREEK MORTGAGE, LLC 2 6.63% $4,556
    VERITAS FUNDING, LLC 2 5.94% $14,026
    LEADERONE FINANCIAL CORPORATION 2 6.06% $11,353
    EVERETT FINANCIAL, INC. 2 6.69% $9,366
    PACIFIC RESIDENTIAL MORTGAGE, LLC 2 6.88% $11,628
    TOWNE MORTGAGE COMPANY 2 6.56% $11,746
    PANORAMA MORTGAGE GROUP, LLC 2 6.25% $12,092
    LADERA LENDING, INC. 2 6.88% $8,225
    Lakeview Community Capital, LLC 2 6.00% $11,568
    NETWORK CAPITAL FUNDING CORPORATION 1 7.00% $8,252
    Elevations Credit Union 1 6.88% $8,179
    DRAPER AND KRAMER MORTGAGE CORP. 1 7.13% $9,083
    AMERICAN FINANCIAL RESOURCES, INC. 1 4.25% $8,988
    OCMBC, INC. 1 6.75% $16,657
    CMG MORTGAGE, INC. 1 5.13% $20,060
    American Bank of Commerce 1 5.75% $21,306
    PLAZA HOME MORTGAGE, INC. 1 7.75% $12,380
    POLARIS HOME FUNDING CORP. 1 6.75% $10,754
    PREMIA MORTGAGE, LLC 1 6.13% $11,351
    CENTENNIAL LENDING, LLC 1 6.75% $8,037
    CASTLE & COOKE MORTGAGE, LLC 1 6.38% $7,449
    CALCON MUTUAL MORTGAGE LLC 1 8.25% $13,394
    RELIANCE FIRST CAPITAL, LLC 1 6.75% $8,379
    RESIDENTIAL BANCORP 1 5.50% $11,040
    Bank of England 1 6.00% $15,293
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.38% $9,901
    SUN WEST MORTGAGE COMPANY, INC. 1 7.50% $20,635
    T2 FINANCIAL LLC 1 6.75% $21,592
    Academy Bank 1 6.50% $10,074
    The Federal Savings Bank 1 7.75% $6,294
    The Huntington National Bank 1 6.75% $7,710
    THE MORTGAGE COMPANY 1 7.50% $14,966
    LAND HOME FINANCIAL SERVICES, INC. 1 7.00% $18,005
    INTEGRITY MORTGAGE & FINANCIAL INCORPORATED 1 6.00% $15,811
    Armed Forces Bank 1 5.75% $9,204
    JPMorgan Chase Bank 1 6.75% $3,206
    Hometown Equity Mortgage, LLC 1 6.25% $7,823
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.75% $11,339
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.75% $13,447
    Glacier Bank 1 6.50% $12,320
    GENEVA FINANCIAL, LLC 1 6.75% $16,376
    Flanagan State Bank 1 7.00% $8,279
    Mid-Continent Funding, Inc. 1 5.75% $11,966
    Financial Funding Solutions, Inc. 1 6.63% $3,467
    MOUNTAIN AMERICA 1 5.63% $15,203
    EMM LOANS LLC 1 5.50% $14,653
    NEST HOME LENDING, LLC 1 5.50% $15,418

    The top Pueblo FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 95 FHA loans originated. Their average total fees are $11,651, which is $60 higher than the next largest lender, THRIVE MORTGAGE, LLC.

    The lowest fee Pueblo FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($5,493), HOMEAMERICAN MORTGAGE CORPORATION ($7,341), Ent Credit Union ($7,532), PRIMARY RESIDENTIAL MORTGAGE, INC. ($7,873) and NFM, INC. ($10,665).

    The lowest rate Pueblo FHA lenders (with over 10 loans originated) are CORNERSTONE HOME LENDING, INC. (4.16%), HOMEAMERICAN MORTGAGE CORPORATION (5.20%), QUICKEN LOANS, LLC (6.07%), UNITED WHOLESALE MORTGAGE, LLC (6.08%) and Ent Credit Union (6.16%).

    Pueblo FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Pueblo (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 (15.3%) $315,392 (16.1%) 0.89 387
    2018-02-01 $239,950 (20.0%) $322,342 (20.9%) 0.87 364
    2018-03-01 $249,450 (22.0%) $330,762 (18.8%) 0.88 371
    2018-04-01 $249,950 (16.3%) $342,182 (21.1%) 0.85 369
    2018-05-01 $249,900 (13.6%) $343,896 (9.4%) 0.83 380
    2018-06-01 $250,000 (7.0%) $346,266 (12.8%) 0.83 434
    2018-07-01 $266,381 (15.9%) $350,480 (17.5%) 0.89 467
    2018-08-01 $255,000 (11.4%) $335,715 (14.0%) 0.85 511
    2018-09-01 $249,950 (9.5%) $327,047 (11.2%) 0.84 542
    2018-10-01 $249,929 (9.4%) $327,170 (4.7%) 0.85 527
    2018-11-01 $249,900 (6.9%) $327,630 (2.8%) 0.85 515
    2018-12-01 $244,900 (4.2%) $319,330 (-0.8%) 0.84 477
    2019-01-01 $239,950 (0.0%) $316,624 (0.4%) 0.83 446
    2019-02-01 $248,725 (3.7%) $320,990 (-0.4%) 0.84 429
    2019-03-01 $258,471 (3.6%) $332,450 (0.5%) 0.85 414
    2019-04-01 $269,625 (7.9%) $345,360 (0.9%) 0.86 393
    2019-05-01 $272,450 (9.0%) $350,605 (2.0%) 0.85 349
    2019-06-01 $254,450 (1.8%) $341,161 (-1.5%) 0.80 357
    2019-07-01 $247,250 (-7.2%) $337,344 (-3.8%) 0.77 389
    2019-08-01 $252,200 (-1.1%) $333,026 (-0.8%) 0.80 411
    2019-09-01 $248,150 (-0.7%) $323,849 (-1.0%) 0.79 447
    2019-10-01 $244,950 (-2.0%) $315,885 (-3.5%) 0.79 469
    2019-11-01 $239,900 (-4.0%) $313,934 (-4.2%) 0.79 411
    2019-12-01 $252,450 (3.1%) $337,646 (5.7%) 0.84 366
    2020-01-01 $259,900 (8.3%) $356,929 (12.7%) 0.87 343
    2020-02-01 $275,000 (10.6%) $378,752 (18.0%) 0.90 293
    2020-03-01 $282,400 (9.3%) $395,671 (19.0%) 0.89 268
    2020-04-01 $278,675 (3.4%) $393,768 (14.0%) 0.87 279
    2020-05-01 $296,750 (8.9%) $387,630 (10.6%) 0.90 285
    2020-06-01 $286,275 (12.5%) $387,367 (13.5%) 0.84 263
    2020-07-01 $304,750 (23.3%) $430,774 (27.7%) 0.88 229
    2020-08-01 $317,450 (25.9%) $459,565 (38.0%) 0.91 229
    2020-09-01 $302,225 (21.8%) $469,348 (44.9%) 0.87 235
    2020-10-01 $312,000 (27.4%) $496,818 (57.3%) 0.89 215
    2020-11-01 $304,175 (26.8%) $493,841 (57.3%) 0.89 196
    2020-12-01 $303,650 (20.3%) $511,692 (51.6%) 0.90 172
    2021-01-01 $305,900 (17.7%) $531,495 (48.9%) 0.91 141
    2021-02-01 $332,000 (20.7%) $535,886 (41.5%) 0.97 150
    2021-03-01 $323,375 (14.5%) $524,877 (32.7%) 0.92 152
    2021-04-01 $330,825 (18.7%) $528,583 (34.2%) 0.90 174
    2021-05-01 $324,900 (9.5%) $501,093 (29.3%) 0.86 200
    2021-06-01 $332,475 (16.1%) $484,801 (25.2%) 0.88 239
    2021-07-01 $340,000 (11.6%) $450,850 (4.7%) 0.90 314
    2021-08-01 $334,000 (5.2%) $444,139 (-3.4%) 0.89 381
    2021-09-01 $334,950 (10.8%) $449,135 (-4.3%) 0.89 360
    2021-10-01 $329,900 (5.7%) $450,091 (-9.4%) 0.88 341
    2021-11-01 $347,450 (14.2%) $440,782 (-10.7%) 0.93 366
    2021-12-01 $348,975 (14.9%) $450,472 (-12.0%) 0.95 328
    2022-01-01 $339,450 (11.0%) $444,435 (-16.4%) 0.92 271
    2022-02-01 $365,000 (9.9%) $442,473 (-17.4%) 0.95 232
    2022-03-01 $362,554 (12.1%) $412,637 (-21.4%) 0.91 211
    2022-04-01 $374,750 (13.3%) $431,803 (-18.3%) 0.89 275
    2022-05-01 $394,900 (21.6%) $461,759 (-7.9%) 0.90 317
    2022-06-01 $399,900 (20.3%) $459,047 (-5.3%) 0.89 388
    2022-07-01 $399,900 (17.6%) $444,149 (-1.5%) 0.90 513
    2022-08-01 $397,899 (19.1%) $445,911 (0.4%) 0.92 558
    2022-09-01 $389,950 (16.4%) $440,521 (-1.9%) 0.91 583
    2022-10-01 $375,000 (13.7%) $433,696 (-3.6%) 0.88 630
    2022-11-01 $359,238 (3.4%) $416,955 (-5.4%) 0.86 664
    2022-12-01 $349,900 (0.3%) $411,609 (-8.6%) 0.86 621
    2023-01-01 $348,450 (2.7%) $418,626 (-5.8%) 0.86 570
    2023-02-01 $347,425 (-4.8%) $416,949 (-5.8%) 0.84 549
    2023-03-01 $351,750 (-3.0%) $428,062 (3.7%) 0.83 517
    2023-04-01 $365,000 (-2.6%) $445,880 (3.3%) 0.85 508
    2023-05-01 $377,811 (-4.3%) $462,638 (0.2%) 0.86 502
    2023-06-01 $379,900 (-5.0%) $451,792 (-1.6%) 0.85 533
    2023-07-01 $379,900 (-5.0%) $439,824 (-1.0%) 0.86 546
    2023-08-01 $369,900 (-7.0%) $421,459 (-5.5%) 0.85 630
    2023-09-01 $369,000 (-5.4%) $404,096 (-8.3%) 0.86 638
    2023-10-01 $363,450 (-3.1%) $416,622 (-3.9%) 0.86 661
    2023-11-01 $350,000 (-2.6%) $396,153 (-5.0%) 0.83 652
    2023-12-01 $349,900 (0.0%) $382,528 (-7.1%) 0.85 616
    2024-01-01 $349,950 (0.4%) $377,933 (-9.7%) 0.85 600
    2024-02-01 $359,950 (3.6%) $387,679 (-7.0%) 0.87 611
    2024-03-01 $363,900 (3.5%) $387,917 (-9.4%) 0.86 615
    2024-04-01 $374,925 (2.7%) $428,837 (-3.8%) 0.87 668
    2024-05-01 $379,950 (0.6%) $442,496 (-4.4%) 0.86 701
    2024-06-01 $379,950 (0.0%) $444,306 (-1.7%) 0.85 710
    2024-07-01 $375,000 (-1.3%) $431,917 (-1.8%) 0.86 768
    2024-08-01 $369,000 (-0.2%) $421,120 (-0.1%) 0.86 851
    2024-09-01 $364,950 (-1.1%) $407,291 (0.8%) 0.86 879
    2024-10-01 $365,000 (0.4%) $405,247 (-2.7%) 0.86 922
    2024-11-01 $360,000 (2.9%) $401,727 (1.4%) 0.86 900
    Pueblo's median listing price for 2024-11-01 was $360,000, a difference of $10,000 (2.9%) versus the prior year and $-5,000 versus the prior month.

    Pueblo's median listing price comes in at 86% of the national average.

    Pueblo's average listing price for 2024-11-01 was $401,727, a difference of $5,574 (1.4%) versus the prior year and $-3,520 versus the prior month.

    For the 2024-11-01 period, Pueblo had 900 MLS listings, a difference of -22 listings (-2%) versus the prior month and 248 listings (38%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Pueblo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 57 days 1,959 sqft
    2018-02-01 45 days 1,991 sqft
    2018-03-01 40 days 2,088 sqft
    2018-04-01 40 days 2,102 sqft
    2018-05-01 40 days 2,113 sqft
    2018-06-01 38 days 2,064 sqft
    2018-07-01 37 days 2,110 sqft
    2018-08-01 43 days 2,022 sqft
    2018-09-01 45 days 2,028 sqft
    2018-10-01 48 days 1,946 sqft
    2018-11-01 51 days 1,897 sqft
    2018-12-01 62 days 1,893 sqft
    2019-01-01 66 days 1,859 sqft
    2019-02-01 50 days 1,901 sqft
    2019-03-01 45 days 2,053 sqft
    2019-04-01 41 days 2,188 sqft
    2019-05-01 38 days 2,202 sqft
    2019-06-01 36 days 2,058 sqft
    2019-07-01 37 days 2,057 sqft
    2019-08-01 39 days 2,076 sqft
    2019-09-01 40 days 2,012 sqft
    2019-10-01 39 days 1,970 sqft
    2019-11-01 45 days 1,953 sqft
    2019-12-01 58 days 2,042 sqft
    2020-01-01 56 days 2,014 sqft
    2020-02-01 44 days 1,993 sqft
    2020-03-01 35 days 1,975 sqft
    2020-04-01 36 days 1,872 sqft
    2020-05-01 38 days 2,040 sqft
    2020-06-01 32 days 2,026 sqft
    2020-07-01 34 days 2,171 sqft
    2020-08-01 32 days 2,146 sqft
    2020-09-01 27 days 2,118 sqft
    2020-10-01 30 days 2,121 sqft
    2020-11-01 33 days 1,940 sqft
    2020-12-01 36 days 1,870 sqft
    2021-01-01 32 days 1,976 sqft
    2021-02-01 19 days 1,908 sqft
    2021-03-01 24 days 1,864 sqft
    2021-04-01 27 days 1,875 sqft
    2021-05-01 24 days 1,950 sqft
    2021-06-01 21 days 1,917 sqft
    2021-07-01 23 days 1,930 sqft
    2021-08-01 25 days 2,008 sqft
    2021-09-01 27 days 1,897 sqft
    2021-10-01 27 days 1,910 sqft
    2021-11-01 26 days 1,833 sqft
    2021-12-01 40 days 1,785 sqft
    2022-01-01 44 days 1,754 sqft
    2022-02-01 27 days 1,752 sqft
    2022-03-01 22 days 1,766 sqft
    2022-04-01 16 days 1,732 sqft
    2022-05-01 28 days 1,780 sqft
    2022-06-01 29 days 1,765 sqft
    2022-07-01 29 days 1,872 sqft
    2022-08-01 38 days 1,901 sqft
    2022-09-01 43 days 1,949 sqft
    2022-10-01 43 days 1,987 sqft
    2022-11-01 46 days 1,980 sqft
    2022-12-01 59 days 1,920 sqft
    2023-01-01 70 days 1,904 sqft
    2023-02-01 61 days 1,853 sqft
    2023-03-01 47 days 1,861 sqft
    2023-04-01 43 days 1,884 sqft
    2023-05-01 41 days 1,973 sqft
    2023-06-01 45 days 1,976 sqft
    2023-07-01 48 days 1,981 sqft
    2023-08-01 47 days 1,945 sqft
    2023-09-01 47 days 1,965 sqft
    2023-10-01 53 days 1,945 sqft
    2023-11-01 56 days 1,893 sqft
    2023-12-01 65 days 1,872 sqft
    2024-01-01 73 days 1,851 sqft
    2024-02-01 64 days 1,898 sqft
    2024-03-01 56 days 1,908 sqft
    2024-04-01 49 days 1,974 sqft
    2024-05-01 47 days 2,064 sqft
    2024-06-01 53 days 2,112 sqft
    2024-07-01 51 days 2,087 sqft
    2024-08-01 51 days 2,045 sqft
    2024-09-01 54 days 1,973 sqft
    2024-10-01 60 days 1,954 sqft
    2024-11-01 70 days 1,908 sqft
    Pueblo's median listing age (time on market) for 2024-11-01 was 70 days. This is 26% longer than the same period one year ago.

    Pueblo's median square footage for active listings during the 2024-11-01 period was 1,908 sqft. One year prior, the average listing was 1,893 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).