They see VA Reno, they're going to run for the hills.I'm going to suggest that step 1, if you wish to use this product, is going to establish a plan to market directly to sellers.

A bunch of little old Italian ladies are sitting on milk crates peeling potatoes and such. 

They make a nice product and they do it quickly, but the costs weren't really much of a saving vs conventional construction.

Took 3 applications within days of the ad.It is important to have pictures though and a good product.

I'm looking to switch for this very reason but it's not in their product update pipeline. 

(And as it stands now we ARE preparing a case of the entire process - from the $1000 they originally padded our bid amount - to the attempted milking at the closing - to the entire process that has transpired these past few weeks that have been completely unethical, chaotic & downright ridiculous). 

There are others like lumber financing companies that offer hybrid debt products with minimal equity participation as well.

You may also look for portfolio product from small regionals if the local preferred brokers can't get it done.

Is the bank setting you up with a conventional loan or a portfolio product?

Carl Schmitt that is an interesting thought... worse case scenario I can always get appraisal work if I am not being productive.