Creative Solutions: How to Maximize Storage in a Tiny Home with a Downstairs Bedroom
Check out our newest tiny home with the master bedroom on the main floor! Featuring a work from home space that converts to a dining table!
top of page
Financing a Tiny Home
&
Cash Payment Schedule
Paying Cash for your Home?
-
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 completeâ
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.
â
- Down payment as low as 10% with 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.â
â
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.
â
Contact Sal Malik for info on pre-approval process:
936.582.0047
Light Stream
Light Stream offers Personal Loans for customers with excellent credit.
â
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%
â
He accepts Stocks/Mutual Funds as collateral.
These cannot be tied up in an IRA.
â
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!
â
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:
-
discuss all the details for your home
-
layout your custom floor plan
-
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
-
In this 90 minute class we start with the different types of Tiny Homes and the various expenses associated with each type.
-
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.
-
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.
bottom of page