BOA manual review

[Anonymous]

I applied for a BOA FHA mortage they are doing a manual review. Does anyone know how long it takes to get the decison?

[Anonymous]

I am applying for BOA too. SOrry I don't know what a manual review is either.

WHat kind of quote & type of loan did they give ya?

Here is what they gave me:

to large I will send another e TO FOLLOW

[Anonymous]

Product – 1st Mortgage

FHA- 30 Year Fix Rate

Product – Other Financing

Purchase Price

$386,500

Loan To Value / Combined Loan to Value

93.790 / 93.790 %

Loan Amount 1st / 2nd

$367,937

Term Of Loan 1st / 2nd

360 Months

Balloon Product 1st / 2nd

No

Initial Interest Rate 1st / 2nd

6.250 %

Down Payment

$24,000 (6.21%)

[Anonymous]

No Fee Mortgage Plus- 30 Year Fix Rate

Second Mortgage- 10 Year Balloon

Purchase Price

$445,000

Loan To Value / Combined Loan to Value

80.000 / 95.000 %

Loan Amount 1st / 2nd

$356,000 / $66,750

Term Of Loan 1st / 2nd

360 / 360 Months

Balloon Product 1st / 2nd

No / Yes

Initial Interest Rate 1st / 2nd

6.250 / 7.875 %

Down Payment

$22,250 (5%)

[Anonymous]

No Fee Mortgage Plus- 30 Year Fix Rate

Second Mortgage- 10 Year Balloon

Purchase Price

$425,000

Loan To Value / Combined Loan to Value

80.000 / 95.000 %

Loan Amount 1st / 2nd

$340,000 / $63,750

Term Of Loan 1st / 2nd

360 / 360 Months

Balloon Product 1st / 2nd

No / Yes

Initial Interest Rate 1st / 2nd

6.250 / 7.875 %

Down Payment

$21,250 (5%)

[ShanetheMortgageMan]

Badcreditguy ... probably about 48-72 hours, but it entirely depends on what division you applied with, what loan program it is for, and how backed up they are with applications.

Jessca, those are just OK quotes... nothing too impressive though.

[Anonymous]

My loan officer from BOA called today asking for the insurance binder on the house, she said has ordered a title search, payoff amount, and ordered the appraisal. We are so nervous I hope we get approved or I will cry.

[Anonymous]

Bad, let me offer you some advice: We just closed using BOA. Great program, horrible CS. With the appraisal, they use a computer program. Most likely, it's going to come back low. If/when this happens, you have to call (good luck getting in touch with your specialist) and tell them you want them to send out a person to do a full appraisal. That may take two weeks. We just closed on a 30yr fixed, 5.625%. Good luck, and just stay on them.

[dangphuocloc72]

last time they turn me down , they say : high amount loan , and late on child support on 2003 . no more bad thing in my CRAs . My score was : EX : 692 , TU 702 , EQ 651( my loan 180000.00 put 5% down . income 46000.00/year . 1 car payment 500.00) it took 4 days they'll call you .

[Anonymous]

Well I hope they dont do a computer appraisal of my house. I submitted everything last wed so I bet I hear something this week!