A List of Tiny House Builders That Offer Mortgage Financing in Canada

The Complexity of Tiny House Financing

You may think that buying a tiny house and getting a mortgage is the same as a standard mortgage. But you might be wrong about this as not all tiny house designs are all that inexpensive and not everyone who is wanting to buy them is in a position to pay for them in cash. Unfortunately financing a tiny house can be tough. Tiny house designs vary in size, building materials, and their overall portability. Tiny houses can range in size between 500 square feet to 1000 square feet, some with wheels and towing capabilities too. The prices for a tiny home vary just as much with them selling for anywhere between $15,000 to $90,000 and everything in between. You'll find tiny houses in a range of designs from tiny houses on wheels, shipping container homes, cabin buildings, cottage and more.

Mortgage Lender Challenges with Tiny Houses

While tiny houses might seem like an affordable option helping to make home ownership possible for everyone when it comes to paying for them it's not always easy as mortgage lenders tend to stay away from tiny houses. Tiny houses do present some limitations for mortgage lenders. Depending on where you are in the country, provinces, districts, and municipalities set different definitions as what counts as a dwelling and what can be built for residential use. So there isn't a standard on what constitutes a tiny house and mortgage lenders aren't going to give a loan for a home that may or may not be built to the standards of the specific location. Also, a large part of mortgage lender criteria besides the borrower's credit and income are in the value of the land.

Financing Options for Tiny House Purchases

Depending on whether or not you want your tiny house to have wheels, you may be able to get a personal loan or a line of credit to cover the cost of buying one. A tiny house on wheels may qualify as an RV, and you may be able to finance the purchase through an automotive loan. Another option for people hoping to buy a tiny house is with a tiny house builder that offers financing. The following tiny house builders are just a few who offers to finance on their tiny house designs in Canada.

Summit Tiny Homes Financing Solutions

1. Summit Tiny Homes - Tiny house builders located in the Okanagan of British Columbia. They have financing options available, so your tiny home dream can become a reality, quicker than you think. Whether your goal is to pay a tiny house down quickly or be able to live affordably, they have financing options available to make your dream a reality. With flexible terms, affordable interest rates and a simple application process that makes all the difference when looking into tiny house options.

Westcoast Outbuildings and Eco-Friendly Solutions

2. Westcoast Outbuildings - Located in Squamish, British Columbia they are one of Canada's premier builders of Small Modular Buildings. They offer creative and cost-effective eco-friendly solutions to expand your living spaces. They can finance your building purchase and have your project approved in as little as four hours. You can get the cabin building of your dreams now and pay a low monthly fee to lease it.

Wheelhouse Tiny Home Builders' Accessibility

3. Wheelhouse Tiny Home Builders - Effortless financing. They believe that home ownership should be accessible to everyone. They have years of experience helping people attain affordable payments and approved status. Your dream of tiny home ownership may be closer than you think. ​