Selling a home, buyer going conventional, lender is requiring fascia be painted prior to closing. Can conventional loan lenders require this?

Asked by Vicki Barton, Midland, TX Thu Oct 17, 2013

Help the community by answering this question:

+ web reference
Web reference:


Annette Law…, Agent, Palm Harbor, FL
Fri Oct 18, 2013
You bet!
Your choices, paint the fascia or hand the brush to the buyer and say, 'You chose the lender, have fun!" The last suggestion, although fun to consider, may not be the best choice.
Chances are someone saw peeling paint on the fascia. Sellers should prep their homes by:
1. Make the peeling paint go way,
2. make sure theire is no bare wood and
3. all dry rot repaired.

Best of Success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
0 votes
Edith Karoli…, Agent, Winnetka, IL
Fri Oct 18, 2013
Well, you want to sell and you want the buyer to get the loan to buy so far so good?
Now the lender / its underwriter can make certain requirements, do you have to accept them,
may be not, could you lose the buyer because the underwriter will not give the buyer the loan,

I so hope that you are working with a Real Estate Attorney who can then discuss based on these
requirements and changes --- changes with the buyer....

There are certain ways, you can agree i.e. Seller with buyer, to split the costs for the painting,
or you can agree, you can disagree and you can tell the buyer that if they want to still buy the
property that they will have to give YOU a credit at the closing table for the painting required by'
the buyers lender, but do this with your real estate attorney so that it will be done correctly, with
lender and buyer and underwriter agreement, otherwise there will be problems or might be problems
at the closing table....

And as far as the lender can require repairs or..... potentially yes....

Sincerely yours,
Edith YourRealtor4Life & Chicago and Northern Illinois Expert

Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE 
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties Brokerage, 30 Green Bay Road, Winnetka, Illinois 60093
Check out my website at htttp://
0 votes
Guy Gimenez, Agent, Austin, TX
Fri Oct 18, 2013
The lender can stipulate certain repairs and YOU can decide if you wish to accommodate the lender's repair request. At a minimum, I would ask for confirmation, in writing, from the lender that this is in fact a lender condition.
0 votes
Molly Hay -…, Agent, Columbus, OH
Thu Oct 17, 2013
Yes, I have had this happen before on Conventional loans. It depends what the underwriters require and you must meet those guidelines for the loan.
0 votes
Ann Flatt, Agent, Midland, TX
Thu Oct 17, 2013
Yes. Lender can require repairs even on conventional loans. The property has to meet lender requirements no matter if it is conventional, FHA or VA.
0 votes
Mack McCoy, Agent, Seattle, WA
Thu Oct 17, 2013
Why wouldn't they be able to require this? This is the lender's collateral, after all. I bet when the insurance company sends somebody by the house, they'd require it, too!
0 votes
Search Advice
Ask our community a question

Email me when…

Learn more