I don't think what I was thinking would be a Sandwich LO. 

Lo and behold, five years ago,, two states away there were three drug arrests for meth, a domestic and a couple of DUI under a suspended license ...all with some jail time. 

@Justin Lee I am a mortgage LO and have worked for many of the big banks....very few will do investment property HELOC but you should be able to pull cash out up to 75% of the property value with a Conventional mortgage (assuming all other qualifying criteria is met of course).

So it's fairly unlikely that your LO intentionally engineered it, and trust me I know that it's NOT a fun conversation to have for the loan originator either.

The best thing the CFPB has ever done was impose the LO Compensation rule, which says that a loan originator must get paid exactly the same no matter your particular interest rate or loan terms.

You might find some young wet behind the ears LO that's willing to give anything a shot, I'd suggest that be where you look.

@Joel Braver l/o = rto.

he was open to Lo.

It looks like you haven't dug into it enough that you actually have a specific question. 45 minutes on the phone with a good LO will save you about six months of internet research.

In any case, obviously this LO is scrambling to make something happen, perhaps the square footage of the house is larger than was assumed upfront at preapproval (family of 2 spouses and 2 kids buying a 5 br / 4 bath, f. ex, could cause this).