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Will the bank give me a tiny mortgage for my tiny house?
Living in a 500-square-foot house is not for everyone. But the hardest part of it might not be paring down your possessions and getting accustomed< to squeezing into small quarters. No, the bigger challenge might actually be funding your tiny house, according to this story in the Christian Science Monitor.
“You might want to take out a traditional mortgage loan to finance your tiny home. But your bank might not consider it an actual home, especially if it is portable. And if banks don’t consider your tiny home a real home, it won’t qualify for a mortgage loan.”