Can not get a refinance for a home I own!!! HELP!!!

[Jayson Carnahan]

I have a home that I purchased land contract 5 years ago from my father for $93,000. The contract was written that I would need a balloon payment at the 5 year mark which would also put me at just over 20% equity.

5 years has come, I have never missed a payment.

Estimate of home value is $120,000 - $140,000 today

However on year 3 and 4 I became unemployed and layed off due to lack of work.

Year four I went to school got certified and now make more money than I ever have, in a field where if I'm fired tomorrow I will have interviews the next day.

I now make around 8 times what is required for a refinance approval and have zero debt. I have little credit history though, 1 credit card with less than 10% on it at all times and is payed off monthly.

The lenders keep telling me the refinance looks golden until it goes to underwriting and it doesn't..... they state in multiple cases that a traditional Freddie or Fannie refinance will not go through because I have only been in this career field for 15 months..... and require 24 months....

My balloon payment is due next month, I am stumped. I don't want to go hard money because I feel I am deserving of a much lower rate. Same goes for portfolio. Though portfolio probably a little better idea.

Any input welcome!!!

Also any more info needed to give feedback let me know and I will add it......

Thanks, Jayson