Some have more stringent geographic restrictions than others.In general, lenders base the interest rate and loan amount to the Value Ratio on the particulars of the individual deal, with interest rates currently in the 12-14% range and 3 to 5 discount points for seasoned borrowers.Inexperienced borrowers will possibly pay more.

the lender determines that some other situation warrants an exception to use a lease agreement, the lender must provide an explanation and justification in the loan file.

Brian, Thank you for the above explanation.  

Have you at least reached out to the tenant and asked for an explanation?  

Great explanation. 

Every attorney (probate) that I have contacted gave me the same explanation. 

  +1,  there really is no other explanation to that comment.

While located near Martinsburg, my primary geographic focus has been in nearby Washington County (Hagerstown/Williamsport), Frederick County and Montgomery County, Maryland.At one point I was primarily interested in townhouses.

but it is even more powerful as a tool to shape your portfolio in both type and geographically to maximize your returns.  

PNC secured card is excellent start, put $250 - $500 on and DONT use the card. in 3 - 6 months apply for cap 1 card.additionally figure out if you belong to any credit union, they will accept a letter of explanation in regards to the BK and give a lot more credit than the big banks / card companies.With the knowledge i have from working at a large bank I have helped a couple family and friends go from a bk to a very high 700 score in two years so if you have any other questions pm me.I am not claiming to be an expert but have gone through this twice with people very close to me and they are both in incredible credit standings now.Regards,rob