Financing to Refi question

[Brett Danehey]

I was talking to a few lenders on a home that was 80k, turnkey for the most part. The lenders weren't able to do the loan even with 20k down because the points they weren't able to make it work. And they didn't even know if it were legal. They didn't give me specifics. I have a question. If I did a loan through someone like lightstream, or a company like that. So a personal loan for 65k, for 7 years at 11%. Is there a way to turn around and refi that to a 30 year, since I would have the title in hand, then pay off that 65k and lower that payment? I know there would be "seasoning" in some cases before I could refi. I wanted to see if anyone has been able to do something on these lines, for smaller properties. 

Thanks