Warner Robins FHA Loan Rates, Closing Costs & Stats

WARNER ROBINS, GA

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.

Warner Robins's 131 lenders originated 991 FHA loans during 2022. The total origination value was $218,685,000, with an average FHA loan value of $220,671.

Warner Robins FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Warner Robins averaged 6.13% for the week of 2024-03-01, compared to the national average (all FHA variants) of 6.688% for the same period.

Warner Robins's average FHA mortgage closing costs are $6,763.

The average rate for the prior week (2024-02-23) was 6.32% and one month ago for the week of 2024-01-26, the average rate was 6.21%.

The average rate one year ago was 6.24%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.24%.

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

Warner Robins 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 Warner Robins level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 98 4.65% $8,618
GUILD MORTGAGE COMPANY 94 5.14% $10,261
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 75 5.15% $8,790
BROKER SOLUTIONS, INC. 67 5.44% $9,583
HOMESTAR FINANCIAL CORPORATION 52 5.03% $8,673
UNITED WHOLESALE MORTGAGE, LLC 35 4.91% $8,879
GUARANTEED RATE, INC. 33 5.06% $7,879
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 25 5.38% $7,872
CROSSCOUNTRY MORTGAGE, LLC 22 4.77% $9,074
PENNYMAC LOAN SERVICES, LLC 18 4.18% $8,355
Colony Bank 17 5.79% $8,083
LOANDEPOT.COM, LLC 14 5.26% $9,576
Carrington Mortgage Services, LLC 14 5.01% $11,612
FREEDOM MORTGAGE CORPORATION 13 5.33% $8,570
RAPID MORTGAGE COMPANY 12 5.15% $10,998
INSPIRE HOME LOANS INC. 12 5.40% $11,563
Mr. Cooper ( Nationstar Mortgage ) 12 4.45% $9,860
NFM, INC. 12 5.84% $8,999
CRESCENT MORTGAGE COMPANY 12 5.42% $9,239
CALIBER HOME LOANS, INC. 11 4.81% $7,550
STOCKTON MORTGAGE CORPORATION 10 4.48% $7,993
PRIMELENDING, A PLAINSCAPITAL COMPANY 10 4.75% $9,016
First Option Mortgage, LLC 10 5.20% $10,535
Synovus Bank 9 4.32% $7,193
ACOPIA, LLC 9 5.18% $8,335
HOMEBRIDGE FINANCIAL SERVICES, INC. 8 3.70% $8,297
EVERETT FINANCIAL, INC. 8 5.75% $6,224
Ameris Bank 8 4.27% $6,959
AMERISAVE MORTGAGE CORPORATION 7 4.63% $9,999
VANDERBILT MORTGAGE AND FINANCE, INC. 7 5.14% $9,709
SOUTHEAST MORTGAGE OF GEORGIA, INC. 7 5.05% $7,832
LAKEVIEW LOAN SERVICING, LLC 6 4.96% $6,918
Mortgage Research Center, LLC 6 5.10% $10,404
GUARANTY HOME MORTGAGE CORPORATION 6 5.65% $7,690
GUARANTEED RATE AFFINITY, LLC 6 4.75% $9,235
Equity Prime Mortgage LLC 6 4.71% $9,160
CARDINAL FINANCIAL 5 5.10% $10,406
Paramount Residential Mortgage Group, Inc. 5 4.90% $12,338
Platinum Home Mortgage Corporation 5 4.05% $12,186
SECURITYNATIONAL MORTGAGE COMPANY 4 4.47% $11,224
MOVEMENT MORTGAGE, LLC 4 5.06% $9,912
TOWNE MORTGAGE COMPANY 4 4.69% $11,707
BancorpSouth 4 5.84% $7,584
Bank of England 4 5.78% $7,788
Capital City Home Loans, LLC 4 5.19% $7,366
CERTAINTY HOME LOANS, LLC 4 4.97% $8,767
Renasant Bank 4 4.63% $8,388
HOMESPIRE MORTGAGE CORPORATION 4 4.97% $9,225
GENEVA FINANCIAL, LLC 3 5.46% $10,518
First Federal Bank 3 5.79% $7,787
DHI MORTGAGE COMPANY, LTD. 3 5.08% $7,381
CMG MORTGAGE, INC. 3 5.24% $10,176
Citizens Bank 3 3.88% $6,699
AMERICAN FINANCING CORPORATION 3 5.83% $9,308
VILLAGE CAPITAL MORTGAGE 3 3.42% $2,493
Nations Lending Corporation 3 5.08% $9,761
THRIVE MORTGAGE, LLC 3 5.38% $10,663
MORIA DEVELOPMENT, INC. 3 5.67% $8,016
MORTGAGE INVESTORS GROUP, INC. 3 5.83% $8,513
LIBERTY HOME MORTGAGE CORPORATION 3 5.63% $10,914
ZILLOW HOME LOANS, LLC 3 5.04% $8,692
SUMMIT FUNDING, INC. 2 4.38% $9,454
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.75% $7,004
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.50% $13,882
Barrington Bank & Trust Company, N.A. 2 3.12% $10,205
Century Mortgage Company DBA Century Lending Company 2 5.06% $12,995
First Guaranty Mortgage Corporation 2 4.94% $8,346
HOME POINT FINANCIAL CORPORATION 2 4.06% $7,292
Hometown Equity Mortgage, LLC 2 6.06% $11,634
MID AMERICA MORTGAGE, INC. 2 5.50% $6,100
M&T Bank 2 4.06% $7,326
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.00% $9,278
NEWREZ LLC 2 5.44% $10,142
OCMBC, INC. 2 4.88% $12,337
OPEN MORTGAGE, LLC 2 6.50% $9,416
PANORAMA MORTGAGE GROUP, LLC 2 6.63% $9,448
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 5.19% $13,483
Regions Bank 2 4.50% $6,061
1ST SIGNATURE LENDING, LLC 2 4.69% $10,256
The Federal Savings Bank 2 4.06% $9,414
TJC Mortgage, Inc. 2 5.06% $11,004
VAN DYK MORTGAGE CORPORATION 2 5.06% $7,289
Wells Fargo Bank 2 4.44% $3,308
NATIONWIDE MORTGAGE BANKERS, INC. 1 5.25% $12,817
NBKC BANK 1 4.75% $5,926
NEW DAY FINANCIAL, LLC 1 7.25% $4,632
Towne Bank 1 5.13% $7,376
HAMILTON HOME LOANS, INC. 1 6.13% $16,056
Northpointe Bank 1 4.63% $9,112
Axos Bank 1 4.50% $7,231
ON Q FINANCIAL, INC. 1 4.99% $7,784
United Community Bank 1 5.25% $6,221
AMERIFIRST FINANCIAL CORPORATION 1 5.25% $19,739
FLAT BRANCH MORTGAGE, INC. 1 4.75% $9,195
Flagstar Bank, FSB 1 6.75% $6,316
PLANET HOME LENDING, LLC 1 6.63% $8,365
FIRST COMMUNITY MORTGAGE, INC. 1 5.13% $8,753
PLAZA HOME MORTGAGE, INC. 1 5.13% $13,844
PREMIA MORTGAGE, LLC 1 5.75% $5,775
AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.13% $5,602
FIRST ALLIANCE HOME MORTGAGE, LLC 1 7.13% $12,123
Prosperity Home Mortgage, LLC 1 6.25% $9,793
EMBRACE HOME LOANS, INC. 1 5.75% $11,455
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.25% $15,619
Wyndham Capital Mortgage, Inc. 1 6.13% $5,700
RELIANCE FIRST CAPITAL, LLC 1 5.13% $11,116
DAS Acquisition Company, LLC 1 6.13% $10,500
ROYAL UNITED MORTGAGE LLC 1 5.25% $7,804
CREDIT UNION FINANCIAL SERVICES, LLC 1 4.75% $5,261
ServisFirst Bank 1 7.00% $14,418
CityWorth Mortgage LLC 1 6.75% $16,545
SOUTHPOINT FINANCIAL SERVICES, INC. 1 3.75% $13,383
CHURCHILL MORTGAGE CORPORATION 1 5.75% $11,133
SUCCESS MORTGAGE PARTNERS, INC. 1 3.99% $5,677
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $5,086
BAY EQUITY LLC 1 2.75% $14,476
Watermark Capital, Inc. 1 5.25% $6,234
MICHIGAN MUTUAL, INC. 1 4.99% $20,172
THE MORTGAGE FIRM, INC. 1 6.13% $10,252
MILEND, INC. 1 6.63% $7,588
MLD MORTGAGE INC. 1 5.63% $7,636
MEGASTAR FINANCIAL CORP. 1 4.63% $5,290
Mortgage Assurance Inc. 1 5.63% $6,989
Lakeview Community Capital, LLC 1 3.75% $4,571
KELLER MORTGAGE, LLC 1 5.25% $8,032
ISERVE RESIDENTIAL LENDING, LLC 1 5.13% $13,199
HOMESIDE FINANCIAL, LLC 1 4.75% $15,845
BANKSOUTH MORTGAGE COMPANY, LLC 1 4.99% $10,484
ACADEMY MORTGAGE CORPORATION 1 6.25% $8,550
NATIONS DIRECT MORTGAGE, LLC 1 5.63% $14,785
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.13% $14,412

The top Warner Robins FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 98 FHA loans originated. Their average total fees are $8,618, which is $1,644 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Warner Robins FHA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. ($7,550), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,872), GUARANTEED RATE, INC. ($7,879), STOCKTON MORTGAGE CORPORATION ($7,993) and Colony Bank ($8,083).

The lowest rate Warner Robins FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (4.18%), Mr. Cooper ( Nationstar Mortgage ) (4.45%), STOCKTON MORTGAGE CORPORATION (4.48%), QUICKEN LOANS, LLC (4.65%) and PRIMELENDING, A PLAINSCAPITAL COMPANY (4.75%).

Warner Robins FHA Loan Limits

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Warner Robins (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 $206,547 (28.1%) $209,250 (13.4%) 0.77 753
2018-02-01 $212,500 (28.9%) $214,155 (15.2%) 0.77 779
2018-03-01 $214,350 (26.5%) $215,839 (13.4%) 0.75 780
2018-04-01 $218,894 (22.9%) $218,506 (11.0%) 0.74 766
2018-05-01 $219,500 (18.7%) $220,858 (8.1%) 0.73 771
2018-06-01 $216,888 (14.5%) $218,416 (5.4%) 0.72 816
2018-07-01 $216,644 (11.2%) $218,970 (4.5%) 0.72 863
2018-08-01 $211,563 (11.0%) $216,572 (3.7%) 0.71 890
2018-09-01 $210,250 (7.5%) $211,864 (1.9%) 0.71 858
2018-10-01 $214,163 (8.2%) $213,473 (3.5%) 0.73 852
2018-11-01 $218,638 (12.0%) $218,846 (7.1%) 0.74 874
2018-12-01 $218,772 (10.0%) $217,429 (5.7%) 0.75 818
2019-01-01 $218,763 (5.9%) $213,332 (2.0%) 0.76 773
2019-02-01 $217,963 (2.6%) $212,970 (-0.6%) 0.74 759
2019-03-01 $212,064 (-1.1%) $214,072 (-0.8%) 0.69 768
2019-04-01 $208,150 (-4.9%) $217,076 (-0.7%) 0.66 808
2019-05-01 $199,950 (-8.9%) $215,426 (-2.5%) 0.62 813
2019-06-01 $215,000 (-0.9%) $221,906 (1.6%) 0.67 748
2019-07-01 $212,200 (-2.1%) $221,137 (1.0%) 0.66 750
2019-08-01 $215,264 (1.8%) $224,195 (3.5%) 0.68 760
2019-09-01 $219,559 (4.4%) $226,565 (6.9%) 0.70 767
2019-10-01 $218,473 (2.0%) $227,233 (6.5%) 0.70 744
2019-11-01 $213,000 (-2.6%) $223,218 (2.0%) 0.70 694
2019-12-01 $218,837 (0.0%) $230,499 (6.0%) 0.73 649
2020-01-01 $218,060 (-0.3%) $226,775 (6.3%) 0.73 636
2020-02-01 $217,450 (-0.2%) $225,746 (6.0%) 0.71 618
2020-03-01 $214,925 (1.4%) $228,632 (6.8%) 0.67 586
2020-04-01 $215,000 (3.3%) $229,869 (5.9%) 0.67 539
2020-05-01 $226,450 (13.3%) $233,992 (8.6%) 0.69 510
2020-06-01 $235,395 (9.5%) $238,352 (7.4%) 0.69 427
2020-07-01 $238,400 (12.4%) $242,885 (9.8%) 0.69 384
2020-08-01 $231,955 (7.8%) $240,039 (7.1%) 0.66 383
2020-09-01 $241,866 (10.2%) $248,675 (9.8%) 0.69 346
2020-10-01 $239,000 (9.4%) $254,792 (12.1%) 0.68 314
2020-11-01 $233,446 (9.6%) $249,920 (12.0%) 0.68 302
2020-12-01 $236,641 (8.1%) $252,897 (9.7%) 0.70 295
2021-01-01 $243,840 (11.8%) $265,517 (17.1%) 0.73 249
2021-02-01 $252,710 (16.2%) $273,611 (21.2%) 0.74 218
2021-03-01 $267,500 (24.5%) $282,985 (23.8%) 0.76 197
2021-04-01 $277,425 (29.0%) $299,073 (30.1%) 0.75 197
2021-05-01 $282,450 (24.7%) $294,037 (25.7%) 0.75 212
2021-06-01 $294,950 (25.3%) $305,666 (28.2%) 0.78 249
2021-07-01 $274,450 (15.1%) $296,435 (22.1%) 0.72 307
2021-08-01 $256,680 (10.7%) $281,196 (17.2%) 0.68 319
2021-09-01 $274,950 (13.7%) $288,225 (15.9%) 0.73 332
2021-10-01 $255,486 (6.9%) $280,443 (10.1%) 0.68 380
2021-11-01 $263,129 (12.7%) $290,150 (16.1%) 0.70 365
2021-12-01 $267,652 (13.1%) $286,151 (13.2%) 0.73 320
2022-01-01 $278,080 (14.0%) $289,639 (9.1%) 0.75 305
2022-02-01 $288,765 (14.3%) $305,484 (11.7%) 0.75 288
2022-03-01 $299,167 (11.8%) $312,473 (10.4%) 0.75 289
2022-04-01 $287,995 (3.8%) $308,240 (3.1%) 0.69 289
2022-05-01 $295,250 (4.5%) $313,389 (6.6%) 0.67 349
2022-06-01 $305,653 (3.6%) $316,683 (3.6%) 0.68 407
2022-07-01 $323,036 (17.7%) $337,969 (14.0%) 0.73 426
2022-08-01 $324,484 (26.4%) $333,742 (18.7%) 0.75 428
2022-09-01 $321,255 (16.8%) $326,607 (13.3%) 0.75 434
2022-10-01 $321,915 (26.0%) $328,522 (17.1%) 0.76 470
2022-11-01 $319,900 (21.6%) $319,328 (10.1%) 0.77 520
2022-12-01 $315,000 (17.7%) $318,784 (11.4%) 0.78 533
2023-01-01 $310,293 (11.6%) $328,148 (13.3%) 0.77 506
2023-02-01 $307,500 (6.5%) $328,117 (7.4%) 0.74 499
2023-03-01 $302,828 (1.2%) $325,765 (4.3%) 0.71 495
2023-04-01 $298,961 (3.8%) $322,568 (4.7%) 0.70 529
2023-05-01 $301,300 (2.1%) $332,156 (6.0%) 0.68 533
2023-06-01 $312,175 (2.1%) $327,983 (3.6%) 0.70 519
2023-07-01 $310,000 (-4.0%) $326,097 (-3.5%) 0.70 492
2023-08-01 $306,225 (-5.6%) $324,628 (-2.7%) 0.70 488
2023-09-01 $307,900 (-4.2%) $324,672 (-0.6%) 0.72 511
2023-10-01 $299,048 (-7.1%) $317,782 (-3.3%) 0.70 583
2023-11-01 $299,023 (-6.5%) $320,007 (0.2%) 0.71 635
2023-12-01 $296,690 (-5.8%) $315,189 (-1.1%) 0.72 650
2024-01-01 $295,970 (-4.6%) $313,577 (-4.4%) 0.72 603
Warner Robins's median listing price for 2024-01-01 was $295,970, a difference of $-14,323 (-4.6%) versus the prior year and $-720 versus the prior month.

Warner Robins's median listing price comes in at 72% of the national average.

Warner Robins's average listing price for 2024-01-01 was $313,577, a difference of $-14,571 (-4.4%) versus the prior year and $-1,612 versus the prior month.

For the 2024-01-01 period, Warner Robins had 603 MLS listings, a difference of -47 listings (-7%) versus the prior month and 97 listings (19%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Warner Robins (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 80 days 2,268 sqft
2018-02-01 66 days 2,298 sqft
2018-03-01 54 days 2,316 sqft
2018-04-01 60 days 2,343 sqft
2018-05-01 66 days 2,364 sqft
2018-06-01 68 days 2,352 sqft
2018-07-01 63 days 2,327 sqft
2018-08-01 60 days 2,318 sqft
2018-09-01 72 days 2,321 sqft
2018-10-01 82 days 2,322 sqft
2018-11-01 83 days 2,346 sqft
2018-12-01 92 days 2,331 sqft
2019-01-01 97 days 2,307 sqft
2019-02-01 83 days 2,295 sqft
2019-03-01 71 days 2,305 sqft
2019-04-01 58 days 2,327 sqft
2019-05-01 60 days 2,307 sqft
2019-06-01 58 days 2,326 sqft
2019-07-01 59 days 2,294 sqft
2019-08-01 60 days 2,311 sqft
2019-09-01 62 days 2,317 sqft
2019-10-01 65 days 2,299 sqft
2019-11-01 69 days 2,246 sqft
2019-12-01 74 days 2,277 sqft
2020-01-01 75 days 2,262 sqft
2020-02-01 68 days 2,278 sqft
2020-03-01 60 days 2,221 sqft
2020-04-01 62 days 2,192 sqft
2020-05-01 66 days 2,270 sqft
2020-06-01 58 days 2,348 sqft
2020-07-01 49 days 2,372 sqft
2020-08-01 39 days 2,305 sqft
2020-09-01 51 days 2,339 sqft
2020-10-01 50 days 2,283 sqft
2020-11-01 42 days 2,263 sqft
2020-12-01 46 days 2,246 sqft
2021-01-01 54 days 2,330 sqft
2021-02-01 46 days 2,360 sqft
2021-03-01 28 days 2,415 sqft
2021-04-01 31 days 2,477 sqft
2021-05-01 29 days 2,486 sqft
2021-06-01 26 days 2,515 sqft
2021-07-01 30 days 2,471 sqft
2021-08-01 49 days 2,358 sqft
2021-09-01 41 days 2,306 sqft
2021-10-01 34 days 2,142 sqft
2021-11-01 47 days 2,234 sqft
2021-12-01 60 days 2,246 sqft
2022-01-01 55 days 2,178 sqft
2022-02-01 43 days 2,143 sqft
2022-03-01 46 days 2,202 sqft
2022-04-01 36 days 2,161 sqft
2022-05-01 23 days 1,985 sqft
2022-06-01 32 days 2,087 sqft
2022-07-01 43 days 2,250 sqft
2022-08-01 48 days 2,267 sqft
2022-09-01 53 days 2,184 sqft
2022-10-01 54 days 2,246 sqft
2022-11-01 54 days 2,193 sqft
2022-12-01 59 days 2,199 sqft
2023-01-01 64 days 2,183 sqft
2023-02-01 51 days 2,177 sqft
2023-03-01 47 days 2,119 sqft
2023-04-01 44 days 1,980 sqft
2023-05-01 51 days 2,205 sqft
2023-06-01 49 days 2,301 sqft
2023-07-01 56 days 2,186 sqft
2023-08-01 45 days 2,153 sqft
2023-09-01 46 days 2,159 sqft
2023-10-01 42 days 2,043 sqft
2023-11-01 47 days 2,021 sqft
2023-12-01 57 days 2,009 sqft
2024-01-01 62 days 1,972 sqft
Warner Robins's median listing age (time on market) for 2024-01-01 was 62 days. This is -2% shorter than the same period one year ago.

Warner Robins's median square footage for active listings during the 2024-01-01 period was 1,972 sqft. One year prior, the average listing was 2,183 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).