Help...Can't refi with 15% Equity...considered cash out refi

[John Dennis]

I am looking to refinance my primary residence. Our primary conventional we owe about 60% of the LTV. We have a HELOC for another 25%. So total our LTV is about 85%. I have reached out to at least 6 banks, some of which I have done business with before and no one can offer anything without us paying down the LTV to 75%( I want to keep more cash on hand) because they say this is considered a cash out refinance. Another tricky part would be a small portion of this would fall above the jumbo threshold. I would think I could package the primary and Heloc into one conforming loan up to the jumbo limit and then get a Heloc on the percentage above the jumbo limit? Does anyone have any recommendations?