The is what the senior loan officer sent me today:
"My underwriting system is not giving an “approve/eligible” but rather a “refer/eligible” which means the file has to be fully underwritten by a human underwriter and it will be that person’s discretion whether it’s approved. They look for a debt to income ratio less than 45% (yours appears to be 43%) and at least 3 credit lines that have been paid on time for 12 month".
Is there hope?
Starting Score:TU 580 EX ? 1/7/2013
I think you are still in pretty good shape...the process will just require more hoops and may take longer. Do you have at least 3 open trade lines reporting for at least 12 months in good standing?
Cards: Orchard Bank ($1100) | Cap1 Cash Rewards ($2500) | Chase Freedom ($1000) | Best Buy ($2500) | Discover It ($1000) | Barclay Rewards ($2500) | Current scores: EX FAKO: 684, CK TU: 649, FICO EQ: 680, FICO TU: 698, FICO EX: 658 Happy Homeowner Since 2/6/13! 
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@MovingForward_2012 wrote:
I think you are still in pretty good shape...the process will just require more hoops and may take longer. Do you have at least 3 open trade lines reporting for at least 12 months in good standing?
Yes, I do and they're all in good standing, I hope this isn't a set back. Thanks fotr te info!!
@DallasLoanGuy wrote:
@working-hard-atit wrote:The is what the senior loan officer sent me today:
"My underwriting system is not giving an “approve/eligible” but rather a “refer/eligible” which means the file has to be fully underwritten by a human underwriter and it will be that person’s discretion whether it’s approved. They look for a debt to income ratio less than 45% (yours appears to be 43%) and at least 3 credit lines that have been paid on time for 12 month".
Is there hope?
i do manual underwrites all of the time.
there is good hope
Glad to hear this, It just made me feel a little better. The LO said we should be able to close April 30th!!!
That's GREAT!!! I think you will be just fine. Keep chugging forward OP! 
No worries OP. A lot of people have gone through manual underwriting including myself. From the info u provided u should be ok.