Lender Wants repairs made prior to closing

[Dee Georgian]

Coming into the closing scheduled for next week on a single family home and the lender hit us with some repairs required prior to closing, or place money in escrow yesterday based on professional licensed contractor quotes (a sample list below of the numerous items they requested). This is a first that we have seen a “Conventional Loan” require this level of detailed repairs prior to closing. I am a buy and hold investor and always have repairs made or escrow reasonable ones that are a safety risk, but not looking to tie up money for these as some, such as the windows, doors and the counters we budget for repair only not replacement as they look fine just the seals need to be redone. The realtor sent across the actions requested to the seller so they are away, and we are gathering additional quotes.

We went through our due diligence process already and inspection and noted all the items we ourselves plan to addressed well prior to this coming up for our own due diligence

Would love any thoughts on how to address or if others have seen this change in Conventional Loan lending practices?

From the Lender (Bank)

See Repair Addendum and Supplemental Addendum.

1. Removal of debris
2. Replacement and testing of underground components (instead of installation)

3. Cost of bringing an older house in compliance with current code.

Addition:

1) Repair/replace damaged soffit & siding at garage, at chimney, at rear and sides of home and at front right corner due to minor rot, borer bees and damaged and broken siding and soffit holes to seal substructure (Replace all missing/damaged siding/soffit)

2) Replace exterior door trim at right side door at back porch and left side exterior door at garage, seal & spot paint (door don't have to be replaced if trim can be patched & sealed)

3) Replace four windows along back due to rot, seal and spot paint as needed. Clean out dryer vent and add grated cover to dryer exhaust at side of garage

5) Repair water heater as suggested in appliance warning on counter in kitchen: "Excessive rust in burner compartment" to restore hot water function

6) Remove Shed as it appears to be sitting on the ground and is dilapidated

8) Replace carpet in back bedroom due to stains

9) Remove rest of exposed plywood under counters away from range and/or cover with trim to make it look finished

10) Patch & paint minor drywall damage/ water spots at ceiling and at entry to enclosed porch from interior and some other minor areas