Financing Overview

We offer financing through 21st Mortgage Corporation, one of the nation’s largest lenders for manufactured and park model homes and a Berkshire Hathaway company.

Financing Your Park Model RV Tiny Home

Many of our customers finance their home, and the process is usually straightforward once your estimate is finalized.

While NW Tiny Homes does not provide loans directly, we do have a financing specialist who helps guide customers through the entire financing process with 21st Mortgage. Our role is to help you prepare the correct numbers, submit your application properly, and guide you through the process from approval to funding.

Frequently Asked Financing Questions

  • Financing for park model homes is typically structured as a home-only loan.

    This means:

    • The loan covers the home costs, along with home add-ons such as delivery, leveling and setting, and stairs

    • The land and site preparation are not included in the loan

    • Loan terms typically range from 15 to 25 years, similar to a mortgage

    • Down payments usually range from 10 to 20 percent, depending on credit and the type of residency

    Loan approval, rates, and final terms depend on several factors, including:

    • Credit score

    • Debt-to-income ratio

    • Down payment amount

    • Total loan size

    Final loan terms are determined directly by 21st Mortgage at the time of approval.

  • We often see payments between $500–$700 a month. That said, each loan is different and depends on a variety of factors.

    Example:

    Loan Amount: $65,000 | Down Payment (10%): $6,500
    Term: 20 years | Interest Rate: 10%

    Estimated monthly payment: $564.54

    Please note this is just an example and is intended to help illustrate how financing may work. It is not a guarantee of approval, payment amount, or interest rate.

  • 21st Mortgage loan programs typically do not include a prepayment penalty, which means you can pay off your loan early without an added fee.

    Always confirm the final loan terms directly with your loan officer before signing any financing agreement.

  • The interest rate is typically 8–10%. This is common for park models and other RVs due to them being on wheels.

  • 21st Mortgage works with a wide range of credit profile, and they assess a variety of credit factors so you may still be qualified for an approval. For example, they may require a co-signer or higher down payment.

Step-by-Step Financing Process

Our team is here to help guide you through the entire financing journey. We’ve created this overview to make the process as clear and straightforward as possible, but we also recommend reviewing our Buyer’s Guide first to confirm that a park model RV is allowed on your property, especially from a zoning perspective. For loan-specific questions, the team at 21st Mortgage is also happy to help.

Before You Apply Checklist

Before submitting your application, make sure you:

✔ Have received your detailed estimate

✔ Are using the exact total from that estimate

✔ Have recent income documentation available

✔ Know your approximate credit score

✔ Have funds available for your down payment

If any of these are missing, speak with our team first so we can help you prepare.

Step 1: Estimate

Work with NW Tiny Homes to put together a detailed estimate. Your estimate will include the base home price, selected upgrades, delivery, and leveling + setting.

Please do not apply for financing before receiving this estimate since approval factors in the full loan amount. Applying with the wrong number can result in delays or a re-look, along with less accurate terms and payment amounts.

Step 2: Application

Once your estimate is finalized, we will provide a link to apply with 21st Mortgage through our dealer portal.

Using the dealer portal ensures:

  • Your application is connected to NW Tiny Homes automatically

  • The correct home and pricing are referenced

  • The process moves more efficiently

Please do not apply independently through a general lender link, as this can slow down the process.

Step 3: Approval

You’ll receive your approval notice from 21st Mortgage via email within 1–2 business days.

If your application was denied the first time, 21st will list what adjustments you may be able to make to get approved, such as increasing the down payment amount or providing additional proof of income.

Step 4: Loan Checklist

Within your approval notice is a checklist of items needed from the customer(s) to close the loan and issue the contract. Our financing specialist will reach out with an overview of the process and next steps, including information we will need to complete some of our seller paperwork for 21st.

Step 5: Loan Booked

Once the customer and seller checklists have both been completed, 21st Mortgage will issue the full loan contract. After the forms have all been properly signed and submitted to 21st and we receive the down payment amount, we are ready to submit your order!

Step 6: Final Steps

We help coordinate delivery, leveling + setting, and any other home add-ons (such as stairs, gutters, and skirting) to ensure they’re completed in a timely manner.

Now it’s time to enjoy your new park model RV tiny home for years to come!

Ready to start the process?

Schedule a tour or contact us to start building out your detailed estimate! Once approved, our financing specialist will help guide you through the process from add-ons to lender approval.

Financing Disclaimer

NW Tiny Homes does not provide loans and is not a lender. Financing options referenced on this page are offered through independent third-party lenders.

Loan approvals, interest rates, repayment terms, down payment requirements, and eligibility are determined solely by the financing provider. NW Tiny Homes does not control these decisions and cannot guarantee loan approval or specific financing terms.

Any payment examples or loan estimates provided on this page are illustrative only and are intended to help customers understand how park model financing may work. Actual loan terms and payments will vary depending on the borrower’s credit profile, financial history, and lender underwriting criteria.

Customers should review all financing agreements carefully and work directly with their lender to confirm final loan terms before entering into any financing agreement.