The landscape of Tiny Houses continues to grow, but many lenders/borrowers are still unsure of what type of loans to offer for interested buyers. There are generally two routes to take:
With a Tumbleweed, you get the comfort and ease of knowing your Tiny is RVIA certified. This classification, not only helps insurance groups and zoning ordinances, but it helps banks classify your tiny, in efforts of processing your loan. Many credit unions and regional banks are comfortable financing Tumbleweeds, because of this classification. Rates vary, but these loans usually last you around 15 years, and can be as low as $425/monthly.
Tumbleweed offers options of financing, by working with various lenders to ensure we get you in the Tiny of your dreams. Rates vary, based on financial and credit history.
Depending on the cost of your Tiny, along with your financial/credit history, these loans may be available to you. Although many banks offer these loans, the price of your tiny may limit you to larger banks.
Tumbleweed works with multiple lenders to find the best loan for you. Options vary state by state and depending on your use, so please contact us and we can discuss the best options for you. You can reach us at firstname.lastname@example.org or give us a call at (877) 331-8469.