Here are some example numbers my banker and I where looking at yesterday: 150,000 home w/ 3℅ down = 4,5003℅ closing cost (Aiming high here) = 4,500Escrow costs: 55 monthly for loan premium. 

Start learning with this:trustetc: Private Banker ConceptSee Private Lending

After that you have to go to commercial, hard money, or portfolio lending where there are not any restrictions on how many properties you can have.I guess the number is 4 because they (residential mortgage bankers) think that would reasonably cover most personal scenarios of primary residence, summer home, winter home, and vacation condo!

Inspection and terms are understood, appraisal, good relationships with Title company, insurance agent and mortgage banker should not be a problem...

Did you ever meet a poor banker?

I called the banker and he said i will just need to cover the difference at closing.  

You might also try a few more mortgage BROKERS (rather than banks or mortgage bankers).

Here is a quote from the book "The Banker Code" It will help you @Christopher Oliverand Jeff Beardunderstand what I mean. 

@Kathleen Frankovich Ask your banker for a letter showing that you are pre-qualified for the loan.  

You can and should shop around and get the best rate quotes and lowest origination fees.Ask the banker if they do portfolio loans and if they offer the same rates and fees.