Closing TOMORROW - Emergency Replacement Mortgage Needed

[Chris U.]

Hey BiggerPockets, 

Didn't think I'd find myself in this situation. We've been working with a mortgage lender the last few weeks and have already signed the closing disclosure on a $170K investment townhome. Our closing date is supposed to be tomorrow Aug 2nd @ 2pm. The long story short is that our cash-to-close is set to increase anywhere from $15K - 20K due to the lender completely changing our terms. 

We cannot make this work. Can anything be done to help us in this situation - other brokers or lenders? We're in the process of trying to contact a few right now too.
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Explanation: Our usual trusted loan officer is no longer with the company, but stayed on long enough to make it to our closing disclosure. However, now the lender is completely disregarding my wife's income due to her being part-time for less than 12 months (approximately 9 months). She voluntarily made this change and can increase her hours on request with no issue (sets her own schedule). Her hourly rate is  >$35. There have been no previous issues raised with our bank statements, pay stubs, W2s, or any other document that we've submitted. Both of our credit scores are 760+

The closing disclosure had our cash-to-close at $31,980 on a $170K townhome. The terms were 20% down 7.125% with 1 point. Increasing our down payment no longer makes sense for our personal or investment financials.

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[Sergey A. Petrov]

As much of an optimist as I am, I am not sure you’ll find a lender to get to closing on a 4-business hour notice…either close with more cash if you can afford it so you don’t lose your earnest money and deal with the fallout later or see if you can extend the purchase agreement with the seller