Insurance &
Financing
Learn More
​How does tiny home insurance and financing work? Are they different than a foundation home? These are common questions and important information to know. So, let's explore your insurance and financing otions so that you can feel knowledgeable and prepared for when you purchase your tiny home.
Insurance.
"Can tiny homes be insured?"
Yes, tiny homes can be insured. How you intend to use your tiny home will determine what kind of insurance you should get. You can often wrap your tiny home insurance in with an existing policy (land/accessory dwelling unit) as either a residential structure or as a trailer with "an attached payload". Though, we recommend looking into tiny home specific insurance as it will deal directly with the unique challenges of moving a residential structure and living in it full time.
Strategic Tiny Home Insurance
As an overall insurance option for your tiny home, we encourage you to check out Strategic Tiny Home Insurance. They deal with tiny homes specifically and they are a great resource to consider.
Financing.
"How can I pay for my home?"
Your tiny home is split up over a total of (6) payments that are made payable to us throughout your design and construction phases. To finance these payments, you have different options to choose from. See more information below about our payment terms and financing
Personal Loan
Personal loans may be a good option for you if other loans or cash are not feasible. There are multiple online lenders that you can apply to. - Lightstream - Sofi - LendingClub
Other Loans
If you have a financial institution you use regularly and have history with, an RV loan or home construction loan may be an option for you. Reach out to your financial institution to ask about these loan types. Should your financial institution have questions about the tiny homes we build, please have them contact us.
Cash
For clients that are selling their current home or have savings set aside, a cash payment is an option. For those selling their current home, you may need gap financing as the construction of your tiny home will not take place until after payment has been received.
Search through these personal loan options to see their rates and options for financing.
Payment Info.
"When are payments due?"
When buying your tiny home, (6) payments are split up over the length of entire process. These payments are part of the overall cost of the home. Learn more about what payment costs are and when they take place.
1 of 6
Quote Payment
INFO
Cost is $99. Your initial quote cost includes a 2-hour budgetary quote discussion with our team, one on one.
DUE
This is due the first day. You will have 30 days to decide to move forward.
$99
4 of 6
Build Payment #2
INFO
Cost is, approximately, 15% of the total cost of your tiny home. This is a progress payment.
DUE
During your construction shell phase. Timing varies based on lead time.
~15%
2 of 6
Design Payment
INFO
Cost is $2,000. You're assigned your own personal designer. Your design payment covers this entire process.
DUE
Once started, this marks the beginning of our lead time estimate.
$2,000
5 of 6
Build Payment #3
INFO
Cost is, approximately, 20% of the total cost of your tiny home. This is a progress payment.
DUE
During your construction utility phase. Timing varies based on lead time.
~20%
3 of 6
Build Payment #1
INFO
Cost is, approximately, 50% of the total cost of your tiny home. This is a material payment.
DUE
Within 15 days of completing your design phase.
~50%
6 of 6
Build Payment #4
INFO
Cost is, approximately, 15% of the total cost of your tiny home. This is a completion payment.
DUE
Construction is nearing/at completion. Timing varies based on lead time.
~15%
