@Chris Mason guess its just a marketing gimmick for them. 

Accelerated amount due $51,000 (guessing to pay it off early).

Our LTV is less than 50% ( yes no risk at all for the bank, and we have top credit score.We already paid the appraisal, environment fee, wasted countless hours etc...The texts in LOI: Financial covenants:-- Min DCR based on actual rents for the first trust deed of 1.25:1.00 based on a 25 year amortization by the end of 2018.And in the loan doc---Property is to maintain a 1.25:1.00 Debt Service Coverage Ratio, tested annually.We would not have paid the fee and sign the LOI, had he included the phrase tested annually.Please understand that the loan  will be for 10 years long, and we are very confident that we will always have fund for the monthly mortgage payment.

However, after researching it and having her actually do her homework it came to light that divorce, separation, health issues, moving for a job, and a few other extenuating circumstances were the only exemptions for no paying capital gains before 2 years of having it as a primary residence. 

Within a year, I'm guessing it'll be down at least 1/3, if not more.This is especially problematic for a new MLO, since refinances traditionally where were you got your feet wet and learned basic operational competence.

Accelerated amount due $51,000 (guessing to pay it off early).

Put all that time elbow grease and down payment money into the deal then something comes up and you can’t get financing secured at the three year mark .guess what ??? 

Make sure they can actually help you.

Actually, prices in several parts of Huntsville and Madison have been showing exceptional appreciation. 

I guess we just keep watching and listening and hope someone else learns the lessons the hard way!!