Tiny home retirement living is the new trend
“… it can be easier to get financing if the home is on a mobile platform and certified by the Recreational Vehicle Industry Association, or RVIA. Then the home will qualify for a standard recreational vehicle loan with current rates between 5% and 6% for seven years — sometimes more — after a 10% down payment.”
Not many banks are lining up to make tiny-home loans. But some lenders, including LightStream, are offering unsecured loans that can be used to purchase a tiny home, says Bankrate. See the rest of the article, including perspective from LightStream’s Todd Nelson, here.