Buying a tiny home sometimes can be very tricky. Tiny house home buyers typically look for homes within the range of 100 to 500 square feet. Some tips for buying a tiny home include getting a home on wheels, finding a mortgage lender that specializes in tiny homes, being mindful of zoning laws, factor in all costs, and consider your time horizon.
- “Many tiny homes are uniquely built and don’t conform to the mortgage requirements for a traditional house,”
- Tiny homes are frequently purchased using recreational vehicle (RV) loans, which are unsecured, fixed-rate mortgages that typically have two- to seven-year payoff plans.
- Some good news: if you’re using an RV loan to build a tiny home, you have a lot of financial freedom in terms of how you choose to spend the money.
“Tiny house hunters are typically looking for homes that range from 100 to 500 square feet.Although the tiny home movement is gaining speed, it’s still a relatively niche market”