BUT, VA only requires 120% of residual income based on number of dependents and region you're in to qualify for VA guaranty.

“It happened in one of the most educated, most liberal regions of the country.

Several family members live in the region so we have boots on the ground there as well. 

I think i have a pretty good picture on this question since i work or have worked in half the states in the US.. from the most expensive  Hawaii  CA  etc to the lowest priced Mississippi Alabama and rural PA and Rural Ohio and Indianapolis.. this is just a HIGHLY regional situation.. 

If that doesn’t work then ask to escalate your concerns up the channel, Mgr. and Regional Mgr; etc.  

@Amedeo Conta,Independent mortgage brokers very rarely do stand-alone HELOCs (80/10/10 = example of not stand-alone), so yup it's local/regional depository institution (bank or CU), or big national box brand of same.

They must conduct a full Interior/Exterior URAR “As Is” appraisal.https://entp.hud.gov/idapp/html/apprlook.cfmOnce you provide us with the results of that appraisal, HUD will submit both to the regional Homeownership Center for review and a final determination.

I'd sell it to me, a local investor in the Beaumont region. 

I’m a new investor looking into the Newark/Kearny market and I’m seeing low cap rates and low cash on cash returns compared to other markets in the NE region (e.g.

Also, every region is different, depending on the current demand for services, time of year, etc.