Resource List To Finance A Tiny House
HAC Lending For Affordable Tiny House Developers
HAC -Housing Assistant Council is a national nonprofit organization that helps build homes and communities across America. HAC is certified as a Community Development Financial Institution (CDFI) by the U.S. Treasury Department, the Housing Assistance Council has offered low-cost rural housing development loans for over 40 years.HAC makes short-term loans at below market interest rates to local nonprofits, for profits and government entities developing affordable housing for low-income, rural residents.
HAC’s loans enable borrowers to acquire land, pay architectural and environmental fees and cover other costs that arise before construction loans are available. HAC balances careful underwriting and meaningful collateral with flexibility and an understanding that a rural community’s best potential housing developer may begin without significant housing development experience.
Note: I have confirmed with Eileen Neely, the Director Of Lending with HAC that loans for tiny homes on a foundation and wheels could be eligible for the loans. The loans are for the developers only, not the consumer.
Liberty Bank Of Utah
Photo Courtesy: Midwest Tiny Homes
Photo Courtesy: Tru Form Tiny
Photo Courtesy: Decathlon Tiny Homes
Liberty Bank Of Utah is a nationwide lender providing loans for tiny houses. Learn More. 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.
Monevo Lending Platform
Wells Fargo Personal Loan
Lending platform of 30 lenders. Apply in one click. Large quantity builders can be a white label partner at no cost. Apply in 60 seconds without impacting your credit score.
Fixed rate, fixed term and payment. No origination fee or prepayment penalty. Simple online process. From $3000 to $100,000.
21st Mortgage Corporation
Triad Financial Services
21st Mortgage Corporation is a full service lender specializing in manufactured and mobile home loans. We originate and service a variety of loans to borrowers from manufactured home retailers, mortgage brokers and directly to consumers all over the USA. Apply for a manufactured home loan today.
Citizens Trust Bank Nationwide: Tiny Homes On A Foundation
Members Cooperative: Minnesota And Wisconsin
Nationwide Loans for tiny homes on a foundation. Contact Yulanda Munford, Operations Manager.
Construction Or Purchase Transaction. Low down payment. No mortgage insurance.
Tiny House Financing Maine
Machias Savings Bank: Maine
Consumer Loans Available For Tiny Homes On Wheels. Mortgages Available For Tiny Homes On A Foundation.
Craft3-ADU Financing
Oregon And Washington State Residents
Craft3 is a nonprofit Community Development Financial Institution (CDFI). We use capital to invest in businesses, people, and communities. We empower entrepreneurs and homeowners by offering them resources to help chart their course, and we collaborate with many community and regional partners to create meaningful change. We’re building a stronger Pacific Northwest.
The Craft3 Approach
Craft3 is focused on helping communities create a future in which:
- Economic opportunities are ample and equitably distributed, and not a function of where you were born, your race, or your gender
- Economic progress is sustainable and its benefits broadly shared
- People and communities have the power and voice to shape their lives, make change, and realize their goals
We can’t do this alone. We invite your partnership, your accompaniment, your questions, and your support.