My lender changed his mind

[Amanda Elsberry]

We have been looking at some property for some time. It would be for ourselves to live in. The property is a huge piece of land with a 1990 manufactured home. We also have our own business so bank loans are hard for us because it looks like we don't have much income. Anyway we couldn't seem so get a bank interested in financing (they all kept saying they either would not finance existing manufactured homes or they would not finance any older than 1995, I discussed this with the agent handling the property and he said he discussed this with the man who holds the title (the property is now owned by an estate) and he agreed to carry it if we could put 13 down at 5-6 percent interest. We started the offers and agreed on a price with the estate attorneys at 10k less and 20 down. We were moving forward with inspections and waiting to start the financial process with this guy when all of the sudden he says he won't do it. We haven't even spoken to him yet so it can't be on our account; now I need to find a new financer. How do you guys find private lenders? I have found a couple but they want 12% interest and if that is all we can find I will let it go...