Is it a condo? I am guessing it is because that is the only one that cares about the homeownership's financial position. 20% means they are going conventional so that is the good news. Now I do know that much about the situation but as much as I hate to recommend them but BofA does do condos that do not have the best financial representation. I am not sure what theirall of their conditionals of analysis are but when a condo could not finance thru FHA I did get it through BofA. Another lender told me... she could not have done it either so it was a good thing I went with BofA.