Financing Available
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Liberty Bank Of Utah
Location Served: USA
Type Of Lender: Bank
Requirements:
- Down Payment – 10% – 30% depending on credit
- FICO Minimum – 680
- Income Requirements – Cannot have debt ratio in excess of 43%
- 50% Construction Loans 1st quarter of 2023!
Collateral Required: The Tiny Home is used as collateral
Additional Notes:
- They loan on both THOW’s and Modulars (No DIYers)
- Loan Type – Consumer Loan
- Rates – 8.75% – 14% depending on credit
- Terms – 5-23 years
- Contact – Carolyn Smith at 423-802-4650
Bullish Bob Bagley Securities
Location Served: USA
Type Of Lender: Bank
Requirements:
- Down Payment – 0%
- FICO Minimum – None
- Income Requirements – None
Collateral Required: Stocks or Mutual Funds (will loan up to 50% of your Portfolio)
Additional Notes:
- Loan Type – Margin Lending / Non-purpose Lending
- Rates – Under $100K = 6.83%, $100K – $1 Million = 6.33%
- Terms – No set payback
- Contact – Bob Bagley at 972-285-5474
Prosper Funding
Location Served: USA
Type Of Lender: Bank
Requirements:
- Down Payment – 2.41% – 5%
- FICO Minimum – 640
- Income Requirements – None
Collateral Required: None
Additional Notes:
- Loan Type – Personal Loans up to $50K
- Rates – 6.99% Fixed – 35.99% depending on Credit
- Terms – 3-5 Years
- Contact – To Apply, Call 866-615-6319 8a-8p CST
- Other – Prosper is a Pier-to-Pier Market Lender. They service Nationwide with exceptions: They do not service Iowa or West VA. There are modified APRs in NY & VT, in CT. You are allowed 2 active loans at a time. GA has a minimum loan request of $3,001 and MA has minimum loan request of $6,001.
SOFI
Location Served: USA
Type Of Lender: Bank
Personal Loan Requirements:
- Down Payment – None
- FICO Minimum – 680
- Income Requirements – Goes by Credit for Debt-to-Income Ratio
Collateral Required: Unsecured Loan
Additional Notes:
- Loan Type – SOFI is a thin-tech online lender. If the Tiny is on property, it will fall under a Real Estate Loan. If the Tiny is not on property, it would be a Personal or Signature Loan.
- Rates – 8.99% – 24.99% Fixed
- Terms – 2-7 years
- 5-100K
- Contact – Personal Loan Department 844-763-4466
FROST BANK
Location Served: Texas
Type Of Lender: Bank
Requirements:
- Down Payment – None %
- FICO Minimum – Credit History and Income
- Income Requirements – Based on amount to be borrowed
Collateral Required: None
Additional Notes:
- Loan Type – Personal Loan
- Rates – 10.75% 11.5%
- Terms – 36 months
- Contact – (800) 513-7678
https://www.frostbank.com/personal/banking/loan-products/improvement
LightStream
- Contact – https://www.lightstream.com/tiny-houses
One Main Financial
Location Served: USA
Type Of Lender: Bank
Requirements:
- Down Payment – None
- FICO Minimum – None
- Income Requirements – Debt-to-Income Ratio
Collateral Required: None
Additional Notes:
- Loan Type – Personal Loan
- Rates – 13% -35.99%
- Terms – 12-60 months
- Contact – 800-525-0451
https://www.onemainfinancial.com/
21st Mortgage
Location Served: USA
Type Of Lender: Bank
Requirements:
- Down Payment – %
- FICO Minimum –
- Income Requirements –
Collateral Required:
Additional Notes:
- Loan Type –
- Rates –
- Terms –
- Contact –
Acorn Finance
Contact – https://www.acornfinance.com/outdoor/tiny-home-financing/
Hearth Financing
- Loan amounts up to $100,000
- Affordable monthly payment options
- Funding within 1-3 days
- No prepayment penalties
- No home equity required
Contact – https://www.gethearth.com/loans/
Priority One Financial Services
Another top-notch lender that specializes in park model RV financing. They require a minimum 720 credit score and at least 20% of the financed amount as a down payment. Terms can go up to 20 years and the interest rate is based on your down payment and credit score among other factors. With Priority One, you must provide proof of a separate primary residence other than where the park model home will be placed.
FRC (p1frc.com)
CrossCountry Mortgage
This lender offers a park model RV financing solution for homes that are going into a tiny home or park model community where you will be leasing the lot the home will go on. They require a minimum 550 credit score and at least 5% of the financed amount as a down payment. With CrossCountry, you must also provide proof of a 12 month history on paying a car loan, mortgage, or a residential lease.
- *Disclaimer. The details of these resources were updated AUGUST 1st, 2024. Check with each resource as details may have changed. NOAH does not accept any responsibility or liability for the frequency of provision and accuracy of the referral of this industry resource or any use made of their process, services and/or rates, whether or not arising from the negligence of any industry resource. NOAH recommends that you research the referred company and their services and products. prior to engaging their services.
For more information,
CALL OR TEXT US TODAY!
(785) 380-9008
info@kaisertinyhomes.com