I am begging someone please give me just 1 logical legit reasoning, not opinion but a actual factual reasoning.

Reason I ask is because after buying the lot, the seller was also a builder and mentioned he could sell me his plans and connect me with his Architect.3.

The reason is that for most programs anyway the 60% loan to value will give you the best rate and best cost available and of course you should still be able to have a healthy cash flow at that loan loan to value.

The price we thought was very reasonable in this current market based off the other properties we have seen prior to that with similar layouts. 

We were looking to invest in the area, but ultimately decided not to for 3 reasons:1) The area has become too popular.

Do you not trust your attorney for some reason? 

The best approach is to set clear, written criteria, and then price the property at a rate that gets you enough applicants that you can find a few who meet your criteria reasonably quickly.

The home the owner is wanting is reasonable enough for the cost to build the home would make the "cost" of the property to be bought at a discount.

Glad I live in Idaho for many reasons. 

Unless there is a reason to submit your tax returns, you could go w2-only.