Or work with smaller banks that might be more flexible.

In Ohio, if a home is purchased and being sold within 6 months and the buyer is FHA, banks require (2) appraisals. 1st appraisal was slightly over our agreed purchase price and second appraisal was almost $15,000 under.

Ideally you want bank statements or at least deposit slips.

With me, i applied with four banks in parallel and two banks declined my application (after 8 weeks reviewing it: Chase and Citizen Bank) and two banks still reviewing.

Try US bank.

We have a sizable amount of cash for a down payment, but does this need to be somehow tied to the LLC, other than in our personal bank accounts, prior to going apply for a mortgage?

Remember, the bank is a partner in this investment and they are getting interest paid to them on whatever part they contribute (loan) to the deal.

Since the COOP building has an underlying mortgage, if one or several such wholesalers can't pay their monthly fees, the COOP cannot pay the underlying mortgage, the bank can foreclose on the entire building.Condos does not run into this same problem, has it has no underlying mortgage, though banks have foreclosed on sponsors.

Have you tried asking your HELOC bank to increase your credit limit on it?

My local banks do not have knowledge in this area, and perhaps that makes sense as the local banks often don’t deal in this area as it is a federal loan.