Financing a Tiny Home
&
Cash Payment Schedule
Paying Cash for your Home?
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Payment 1: 20%
Downpayment to reserve your spot in our build schedule & order your custom THOW trailer -
Payment 2: 35%
6 - 8 weeks after down payment - when trailer arrives & framing begins -
Payment 3: 35%
2 - 3 months later - when house is "dried-in" -
Payment 4: 10%
2 - 5 months later - when house is complete
Need Financing?
Below are several Lenders that can help you
achieve your Tiny Dreams!
Interest rates are as low as 6.5% and payment terms are up to 23 years,
depending on your credit score and down payment amount.
21st mortgage Corporation
21st is the option that is most like a traditional home mortgage & 90% of our financed builds are with 21st.
- Down payment as low as 10% on pre-built tiny homes and 20% on custom builds
- 650+ credit score
- Loan term up to 23 years
- Land + home mortgages also available
- Interest rates depend on many factors including the type of land where your home will be placed initially, credit score, and down payment amount.
We are partnered with Little Homes of Texas to provide dealership services as required by the State of Texas. And they are also the liaison for financing thru 21st Mortgage.
Contact Sal Malik for info on pre-approval process:
936.582.0047
Light Stream
Light Stream offers Personal Loans for customers with excellent credit.
Once the loan is processed, Light Stream will deposit the cash into your account & then you will follow the Cash Payment Schedule above.
Bullish Bob Bagley
Securities, Inc.
Bob is a securities broker out of Garland, TX that makes loans at very competitive rates. Currently his rates are between 6.4% - 6.83%
He accepts Stocks/Mutual Funds as collateral.
These cannot be tied up in an IRA.
Visit his website to learn more about this lending option and to contact his office:
Can I use another Lender?
Yes!!!
Let the banks know there is a demand for Tiny Home Loans!
For Tiny Homes on Wheels:
Our THOWs are registered with your state of residence as a travel trailer with a license place and VIN
so RV Loans & personal loans from your favorite bank or credit union should (in theory) work.
Ask your bank about a Personal Loan or an RV Loan for
a "luxury travel trailer" with pricing similar to an AirStream.
For a Modular Tiny Home delivered on skids & placed on a permanent foundation:
Other products like Home Equity Loans or Manufactured Home Loans could work.
how much Tiny House can I Afford?
Below we've linked to the most robust FREE LOAN CALCULATORS we've ever seen!
Start with the Mortgage Calculator
and/or the Affordability Calculator at this link.
Then use our PRICING CALCULATOR to shop for the home that will fit your needs & budget.
When you're ready to apply for your loan, choose FLOOR PLAN APPOINTMENT under NEXT STEPS on the Pricing Calculator above and we will contact you to schedule a Zoom or In-Person Design Consult to:
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discuss all the details for your home
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layout your custom floor plan
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build a personalized quote you can literally take to the bank!
Still Have questions?
How do I use a Loan Calculator?
What "Extras" do I need to budget for?
We cover all these answers and more in our Tiny House University class on
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In this 90 minute class we start with the different types of Tiny Homes and the various expenses associated with each type.
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We move through the process of researching builders, lenders and delivery companies as well as, how much to DIY and when to leave it to the professionals.
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Next we show you how to use the Loan Calculators for different financial scenarios and how to plug the results into our Tiny Home Pricing Calculator.
PAY-IT-FORWARD
VETERAN HOUSING PROGRAM
BUILDING A BETTER FUTURE FOR VETERANs
Operation Tiny Home is a 501(c)(3) national nonprofit that assists people struggling with severe housing instability to maintain a life of dignity through custom high-quality tiny housing solutions and empowerment training programs.
