The obstacles I am encountering now are the overlays that lenders are placing on FHA loans.

Some other issues I may encounter are:1.

Uncle Scam(sic) still gives you SOME benefits.

You will encounter overlays, too.After that cap, no more government subsidized 30YF interest rates, no more central authority dictating terms that must be followed if a lender wants to be competitive on rate, and thus each portfolio lender does whatever it wants.... and charges whatever un-subsidized interest rate/points the market will bear for folks in scenarios similar to yours.

If you know anyone in the area that would be interested and not scam me I would greatly appreciate it.

The story is always the same so let's not sugar coat this, Clayton Morris is a scam artist regardless of the market.

There is something I call an "Income Trap".It explains the false sense of security a 6-figure salary gives the average upper middle class American family.The scam is the same.It's a carefully crafted web of lies:1/Live the American Dream from day zero (2 financed cars, big suburban house+mortgage,annual vacation, private school for 2 kids)2/Max out your 401K contributions (employer matched or otherwise)3/Save for 6-month emergency fund.4/Relax and watch Game Of Thrones.THE END.Then I read Thomas Piketty's super-awesome book: "Capital".It became quite clear there's a conspiracy to keep most Americans firmly in that trap.I am convinced that trap is carefully orchestrated and perpetuated by Wall Street.The lie in the scam above is that it restricts people's thinking within a steel box of their own income.There is no way to abundance inside that box.Congrats for making the decision to step out of the box.Your life will never be the same again.

I can't help but to feel like I've been scammed or lied to.Did the loan rep break any laws by lying to me?  

Perhaps this is how the scam works?  

I'm looking into REOs and will probably be encountering the same situation, etc.