Not only will lenders be effected, but borrower credit, business loans, inventory, and auto credit will suffer when those effected have to relocate, find long term replacement housing and their livelihoods and income are destroyed.

I ignore the gurus claiming the CMBS is about to explode again and all these commercial deals will flood the market, that's not how it works in our current reality, banks are not stupid, nor are the owners; the banks will work with owners that have those loans and modify them to stabalize the asset. 

Get a 0-5% down loan and do it again in TN.

@Brian Rocha It’s clear why most lenders insist on including rehab funds in the loan, and all of our partner banks follow this practice for fix-and-flip loans to minimize risk and meet securitization standards.

. :-))But yes, I could take a $200k or $300k tax free loan every year on the appreciation if I couldn’t manage to make ends meet at $20k/mo.

yes, you could use the HELOC as a down payment on a hard money loan, and then the hard money loan for the rest.  

We decided I’d utilize an FHA loan to buy my first property.

Quote from @Juan Ruben Cortez: I believe the funding fee is 0.5% of the remaining loan balance, plus maybe another $500 - $1,000 in lender fees. 

is so what lender did you use that provide non recourse loan?

Two things I remember that probably don't happen today: -First property was a no-doc loan, technically low doc because you still had to provide information but with 30%+ down pretty much anything you wanted was yours.