Loan Denied.

Yes, we were denied the land loan we applied for with the local credit union. Opening that letter broke my heart tonight. I just don't know how we're going to get the money for the tiny house land. And if we were denied the land loan, will we be denied the option to finance for the tiny house too???? This is causing me so much anxiety and stress! How can it be so hard to go outside of the norm, but so easy to buy a traditional house? One way we'll be debt free in less than 5 years, and the traditional route has us in debt for the next 30 years...it makes no sense.

I suppose if we have to wait and pay cash for the tiny house and land it's not so terrible, it will take more than 5 years to come up with the money since we're going to have to pay rent too but we will definitely be moving to a less expensive home when our lease is up in November. If we move to the smallest apartment we can find maybe we can save enough money to purchase the house in a few years? Heart. is. broken.

And this comes after talking with a mobile home dealer who said he knows a realtor specializing in finding land zoned for mobile homes. Seriously, one step forward and now two steps backwards.

Should we buy the tiny home and live in a mobile home park while we save for the land? Should we wait until we can afford to purchase our own land before we try purchasing the tiny house? I just don't know anymore. And I've got a huge headache to boot.



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