Most borrowers I speak to are just assuming that rates will drop off the table in a few months.

---NOTE: a conforming loan is overall CHEAPER than an FHA loan due to FHA upfront MIP being nonrefundable if you refinance or sell.Recommend you speak with a mortgage broker about all these options.

If not, they may want to speak to a mortgage broker local here in Florida to help expand their options! 

He's speaking truth about the syndications that raised tons of money and are now struggling.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

Alternatively you could sell at a loss and stop the bleeding so to speak.

What or who do you suggest I speak to or learn from to better understand my options for mortgages?

If you are only offering $100k I think its worth speaking to an agent and letting them make the $3-5k as an agent (if they would do it for that) on this deal. 

Speaking to that question, it seems that you have already keyed in on the fact that one of you should be moving towards that.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.