Thank you for choosing Indigo River Tiny Homes to build your tiny house! We have partnered with 2 companies to provide you with 2 different finance options.
The first is South Star Bank. They provide financing from 12 months to 10 years at rates starting at approx. 7.5% and up, depending on credit rating and down payment amount. They require a down payment and will put a lien on the title of your tiny house, just like a car loan.
The second option is Lightstream. They offer terms from 12 to 84 months at rates starting at approx. 4% and up. This is a personal loan and is based solely on your credit and debt ratings. Therefore no lien on your title and can possibly do no down payment, but harder to qualify for.
You can click on the links below to find out more information on each company.
South Star Bank in Austin, TX offers financing for Tiny Houses on Wheels and on a foundation. They do loans with a minimum of 25% down payment and a minimum credit score of 680. Interest rates are from 7.5% to 10% and loan terms up to 10 years. For example, a loan on a $64,000 tiny house would require a $16,000 down payment and your monthly payments would be $608 (subject to change).