Network with local groups, explore financing options and consider niche strategies.

Underwriters want to see that the property is in an area that will support the valuation of the property with numerous comps so they can have confidence in the appraisal.

Alternatively, you could explore private money lenders or partnerships that might provide more flexible funding options.

Then bankruptcy may be their only option and they won't be able to buy another home for 7 years.

You can also utilize a rate/term refinance option which allows for higher LTV typically and can be designed to include the closing costs, so you don't need to go out of pocket at closing.I'd also highly recommend looking to get your FICO to a 680 as most lenders will adjust terms and rates in intervals of 20's so getting to the 680 mark will help your terms significantly.

You could go mid-state to Woodstock or Saugerties for rental options, the Catskills.

I may look at that option down the road. 

Alongside this 5,000-square-foot Bird Streets home, buyers have the option to acquire three life-size Spider-Man figures signed by Lee.

Both options are viable. 1.

There a quite a few options here, and the details will determine what's available to you.