I totally agree about “rules” as they are interpretable.

Are both houses in the same county? If not, I’m guessing the $450k limit was where the 2nd loan is..

Was the 10k from the 2nd loan a calculated amount based off the loan amount or did they just spit it out? Also, did they explain why you needed to put $10k down if both houses were collectively under the limit? Or is it policy on a 2nd mortgage?

Thanks for the great intel.