FINANCE YOUR TINY HOUSE RV
IN CANADA

Tiny Home Mortgage Alternative 1. RV Loans
A Tiny Home is classified as an RV – which means it’s portable and built on a wheeled trailer – so an RV Loan might be the most appropriate. An RV loan is typically arranged through an RV dealership.

Tiny Home Mortgage Alternative 2. Chattel Mortgage
A chattel mortgage is a loan designed to finance a moveable personal property, including a Tiny Home. These types of loans are more like car loans than traditional mortgages. In this case, the lender will technically own the structure until the loan is paid off in full. These types of loans can be hard to find.

Tiny Home Mortgage Alternative 3. Personal Loan
You may qualify for a personal loan if you have the finances and credit score to qualify. Like a traditional loan, a personal loan provides you with a chunk of money that you use to pay for the home, after which installment payments are made on a regular schedule until the loan amount is paid in full.

Tiny Home Mortgage Alternative 4. Line of Credit
A line of credit loan works like a credit card – you’ll be approved for a specific credit limit, and you can withdraw from your account as often as you wish, as long as you don’t go over your limit. Once you repay what you’ve withdrawn, you can borrow that money again.

Tiny Home Mortgage Alternative 5. Home Equity Loan
If you’re already a homeowner and have built up some equity, you may be able to access that equity to cover the cost of buying a Tiny House. With a home equity loan, you’ll be given a lump sum of money accessed from your home’s equity. Then, you’ll pay back what you borrowed through installment payments. Your home will be used as collateral for this loan.