We can take the hassle and stress out of sourcing your own finance by connecting you with finance brokers who specialize in this domain.
You generally have 3 options when financing a tiny house: A Secured RV loan, an Unsecured Personal loan, or using Equity from your existing House Mortgage. Your personal credit rating and history will determine the type of finance and interest rate you can get from the banks.
Since our tiny homes are classed as Caravans and are issued with a Vehicle Identification Number (VIN), RV loans could help you with funding. Secured loans tend to have lower interest rates than unsecured personal loans.
If you’re eligible your bank might allow you to take out an unsecured personal loan. You can typically use this loan for any legitimate purpose and don’t have to put up collateral.
If you are a home owner and have adequate equity in your property, you can unlock your excess equity by taking out a line of credit. That way, you’ll have ready access to funds and can use what you need, when you need it. Alternatively, if you already have a redraw facility, then you can simply draw from your surplus.
Our Tiny Homes are classed as Caravans and we recommend you insure it accordingly before transporting it.