We are having problems with our EA3 loan closing.

Your lender is correct.. I don't know of any lender doing EA3's, so you're lucky to have one.. That being said, if they are one of the very, very few doing them, then they are probably pretty busy.. I would stick with them... but contact your loan officer and ask him for a detailed explanation of where you are in the process.. is your file with an underwriter? How long has it been in underwriting? what are their current turn times? When do you expect it out?? etc.. 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. 480-287-5714 WilliamAcres.com

Normally I would agree that you stay with your current lender, however since you have been working on this for more than half a year, I think it is probably time to change. I don't believe I can do an EA3, haven't really tried. I know they are tough. Take your pick of the ones here that say they can easily and give them the shot. It can't take any longer than what you already have spent.

Please contact me directly as I have a few questions to ask. You can contact me through my profile on this site. Thank you!

I advise you to stick with your current broker. There are two companies in the country that will take an EAIII approval and you broker doesn't get paid until the loan closes. Your scenario is extremely complicated and I'm sure your broker is doing his best to get you closed as quickly as possible.

We specialize in HARP loans and close EA-III loans in less than 30 days. I have a pretty good idea what lender they have you with, they aren't a very good lender. Our rates are about 4% or a little less on a 30 yr. fixed. We do not have rate hits for EA-III loans. Get into touch with me, I'm positive we can get you moving in the correct path and complete your HARP refinance. P: 888-320-7888 - www.MortgagesforAmerica.org - Ken Burrows

I agree with Equitus. It is probably best to stay with your current broker, if they can get it done. You need to have an honest assessment of where you are at in the process and what the hold up is. Do you know if the 2nd mortgage subordination is a cause of the delay? There are several lenders doing EA3, but far fewer than those that are not offering the expanded products. As a result, the few lenders that are offering EA3 do have elongated turn times. I would be happy to help you evaluate your situation, but am likely going to recommend staying put. Thanks! - Chad

Good Evening! I would be happy to help you and working with a Federally Chartered Bank, I can assist you in any state here in the United States. If you are looking to Refinance your Property in Washington or anywhere else, I would be more than happy to explore all opportunities if you would like to discuss this in more detail with me offline. Visit my website at www.123LoanYes.com or send me a Direct Message through my Profile on this site and we can begin talking about your goals moving forward. Thank you for the Question and have a great evening!

Yeah, EA 3 are tough and they are EA3's for a reason. I would suggest you keep working the LO you are with and also talk to some others about your situation. Regardless of what other people promise until they know your situation they can't perform on their promise. One they here your situation they may, or may not, still be able to perform but the problem with EA3' is they are a super high risk loan and require extra underwriting.

There are many lenders out there that will close on a EA3 in 30 days. I would get a second opinion. I only lend in Florida!