Unable to Refi Duplex because of limit on points and fees?

[Nick Kourey]

Hi all,

So we're trying to cash-out refi our first duplex, but the first lender we contacted (Quicken) told us we do not qualify for any type of refi because of the state limit on points and fees. The mortgage will be roughly $200K and property is located in Georgia. Is anyone familiar with this type of situation? We're just looking for some direction before wasting a bunch of time calling other lenders. Is this something we'd run into with other conventional mortgage companies and banks, or perhaps just Quicken? Should we be looking at private lenders instead? Any and all advice would be appreciated.

Nick