Can underwriter approve a FNMA loan that receives a did refer/eligible

Yes. but it's not that easy.. As Nevin said, when you receive a refer/eligible, it must be downgraded and manually underwritten, but there are a lot of lenders who will not do manual underwrites.. meaning, that if you do not get an approved/eligible, they will not do the loan.. There's an added risk when an underwriter has to make the decision vs. the automated underwriting system (AUS).. so for this reason, some will not do them. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com