At Pacifica Tiny Homes we work with all customers, whether you're paying cash or need tiny house financing . Here you will find some financing companies that we recommend for tiny home loans . Some of the companies are very quick and can approve and fund you within a few days with good credit, while some offer longer terms and will require a down payment and more paperwork for approval. You are also welcomed to get a loan through your local bank, credit union, or other source to fund your project.
21st Mortgage Corporation is a full service lender specializing in manufactured and mobile home loans. 21st mortgage works with customers who have little to no credit, and offers loans as long as 30 years.
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You must sign a purchase agreement and put down the initial deposit with Pacifica Tiny Homes in order to finalize the paperwork for financing. Pacifica Tiny Homes will not submit any paperwork to the financing company without a purchase agreement in place. Your pre-approval may expire if you do not sign a contract with Pacifica Tiny Homes ahead of time.
Rates typically range from 6.35% to 11.99% and are based on the overall credit profile of the buyer, age of the home, collateral type (i.e. home type, home placement, etc.), occupancy type (i.e. primary residence, secondary home, etc.), loan amount, and loan to value.
Home loan down payments as low as 0% are available for well qualified buyers. Typical down payment range from 5% to 35% and are based on overall credit profile of the buyer, collateral type, and occupancy type. Investment properties and “Buy-For” transactions require a minimum of 20% down payment. Home loan down payments may be in the form of cash, trade, or land equity.
Liberty Bank offers tiny home loans on 5-Year, 10-Year, 15-Year, and 23-Year terms. Certain terms may not be available for all applicants based on credit history and income. There are no pre-payment penalties with Liberty Bank, meaning you are free to pay off your loan at any time ahead of the designated term.
Interest rates will vary depending on a variety of factors, including an applicant’s credit history and income. Initial rates can range anywhere between 8.75% and 11.75%. Contact a loan officer at Liberty Bank at 801-363-LEND (5363) to learn more.
Liberty Bank requires a 20% down payment of the total purchase price.
Fund or refinance your tiny home, at a low-interest rate from LightStream. See the below link for information about current rates and financing options. We may be compensated by these links.
Get up to $35,000 Pay for your tiny house trailer
Affordable Interest Rates Low, fixed rates starting at 8.99% APR
No Origination Fees. No Prepayment Penalties No hidden costs, no annual fees, and no early payment penalties
Flexible Payment Terms Customize your payback period, from 24 months to 5 years
Those seriously impacted by wildfires and loss of work and/or housing due to COVID-19 may qualify for this Down Payment Assistance Grant through Operation Tiny Home, up to $12,000.
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