It may not have helped you because 25% is the lowest I have seen for conforming mortgages on a three/four unit.

You mostly want someone familiar with Virginia and New York tax laws so that they will know there is an issue when the states' tax laws are not in conformity with the federal rules.Virginia does have an "Other State Tax Credit"; they require that you provide attach a copy of the other state's tax return to your Virginia tax return and then you will receive a tax credit for your payment to the other state (New York). 

I'm guessing you are on a deadline to occupy the property to conform to the terms of you loan. 

or a 4 plex  maybe what they are thinking is its a non conforming grandfathered use.. 

Hi Mike Cumbie, Thanks for the conformation.  

I'm a lender myself, our job is to help people to conform to our loan requirements, not simple deny the people that don't qualify.

There is nothing worse than having to tear something out because of non-conformity.

As of wednedsay conforming rules requier the oner to be on title for 6 months before they refi.

The biggest issue the 2 of you will be challenged with is how may properties you own which are financed. 10 financed properties is the limit for full doc loans and 5 for stated income verified asset loans.Cash Out refinances under conforming guidelines are nothing special.

For cash out refinances the borrower must own the property for at least six months prior to refinancing.http://www.freddiemac.com/sell/guide/bulletins/pdf/bll042208.pdf.Rein USA..Basically, if your lenders conforms or sells their loans to Freddie or Fannie you may need to find a new lender.