Mortgage PreapprovalI went to a bank to get pre-approved for a loan, asking for $375,000, and the bank only approved me for $290,000. Our combined income is approximately $175,000, both of our transunion credit scores are 780+, and we have zero debt. The reason we were given for the lower amount is that our "PMI funds were insufficient". Can anyone tell me what that means? Thanks in advance!May 07 2009 - Cleveland0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.