FINANCING

We have built tiny homes for a wide array of needs. These days many more people wish to place their tiny home on their private property and leave it there. Historically, the most common challenges with purchasing a tiny home was financing and placement. Fortunately, our modular tiny homes solved that problem! Since we don’t offer in-house financing, we needed to make sure our clients have a good financing option for their new tiny house. And we found it!

Depending on where you live, and where you place your tiny home (private property VS leased land), you may be able to obtain mortgage financing for your new modular tiny house Even our Park Model tiny homes can qualify for a longer term mortgage style loan from our lender. And, this lender will also allow you to wrap your homesite improvements into your mortgage. Items such as land clearing, foundation, septic tank, well, gutters, skirting, decking/stairs, electrical and plumbing hookups can be included in your home mortgage. Also any equity you may have in your land can be used as part or all of your down payment.

In any case, since your new tiny home can generate not-so-tiny cost to build, this is a subject we need to address prior to our ordering process. At Mustard Seed, the ordering process is broken down into four basic steps.

• General Quote: This step allows you to see what your dream home can cost. This is a ballpark quote for your tiny home model to get you a rough cost estimate for your tiny home build. You can obtain this through our online tiny house quote form here. You may also want to get ballpark costs for any on-site work you need at your property to get ready to receive your home. Once we perform your Planning & Design Consultation to determine all the details of your build, final cost can be adjusted for budget and features.
• Financing: In this step we confirm your finance method. If paying cash, we can proceed. If financing, we assist you with your financing process. This helps us both ensure your needs are met prior to proceeding with the loan application. As an approved builder for the finance company we work with, we know what you need to get ready. Also Mustard Seed Tiny Homes does not make money on financing. It is a simple referral to prevent a conflict of interest.
• Planning & Design Consultation: This is where we determine your needs, preferences and the cost of your build. Design plans, layout and all the other selections and details that make this home yours. A standard P&D takes about two to four weeks. From this step we arrive at a contract quote. In addition we can tell you when we can start your project, and how long it will take to build your new tiny house.
• Ordering: This is where your tiny house build begins to become a reality. Your build is scheduled, contract is signed and the process of creating your unique tiny house is underway. Normally, it takes 8-10 weeks from the time we start your new build until your home is complete. Also, we usually have a queue, so there is some wait time to start your build. Your P&D, finance and other planning will happen concurrent to your wait time. Check with us to find our how our schedule looks.

Our Lender: We work exclusively through a single lender. This is because they seem to offer the best mortgage for a tiny home with land. We’d be happy to send you more information upon request. Currently, their APR runs a bit higher than a conventional FHA mortgage. But since they specialize in small modular home with land loans they make it happen. You can always refinance later with a more conventional loan once your home is on the property and you’re living in it. Then it will be existing real estate and not in a modular, pre-construction status. Click here to use our contact form to request financing information. Let us know if you need more information.