There were higher offers with no 203k attached and they were denied so price is not the only factor. 

I was then denied by 212 because they require a credit score of 680 which I fall just below of. 

There's no real reason to deny this otherwise.

I have been denied a couple contractor jobs in the area but they wanted me on site.

They even added penalties, denying "in good faith" argument from the taxpayer. 

Given his profession, its seems likely they will actually request them from the IRS.Can't speak to whether or not they would prosecute this, but they would certainly deny the loan.Tell him to get the money into a real bank, and leave it there for three plus months.

Will HELOC lenders deny the application if you have an ARM?

Separately, if you were denied a conventional loan due to lack of income verification but were able to get HML loan without prepayment penalties, how would you be able to refinance your HML loan upon closing without income verification documents?

When the current lease is coming to an end do I have a right to deny the current tenant from renewing because the income no longer meets my standards?

I saw a short sale in Denver worth $200,000 and the bank got an offer at $198,000 and denied it and then told the realtor to up the price to $225,000 (it appraised at $200,000) of course they didn't get an offer for 6 months and ended up going through foreclosure and they bank netted about $170,000 9 months later.