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 Search for: EA1/ELIGIBLE.
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asakhrani

7 Posts

Posted - 05/14/2008 :  8:25:51 PM
I have a 90% LTV Purchase

Purchase Price $410,000
L/A $369,000
O/O
Full Doc
SFR
690 Mid Fico
30 Year Fixed
CA

I got a EA-1 /Eligible thru fannie mae DU

I am looking for a bank that can do this loan and get the MI company to insure it.
juando67

115 Posts

Posted - 05/15/2008 :  01:08:00 AM
why on earth don't you go FHA...... I'm not sure, but if I had to guess, I would guess that FHA loan limits are higher in CA than in IL, where we're now at $410K for FHA..... cheaper MI
daronc

1253 Posts

Posted - 05/15/2008 :  9:01:40 PM
If you are FHA approved go FHA, if not call me should be able to help you on this.....
mantixmortgage

2717 Posts

Posted - 05/15/2008 :  9:12:39 PM
not sure why you are getting EA-1, but send it to me and I'll run LP on it and hopefully get an accept and we can proceed like usual.
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