HELOC slap on the wrist

[Tamara Cardello]

Just curious if this is normal, or anyone else has had this experience. Just purchased an investment property and used some of our HELOC as the down payment on the investment property. My loan officer left a message the next day and said we could not use the HELOC for the whole down payment and that we needed to show we are using some of our savings - he said he would be in trouble with the underwriter. (this was after we had closed on the property) This was a bank commercial loan. What are your thoughts about why this would happen?