What exactly is a tiny home?

Tiny Homes are residential units – typically under 400 square feet – that share similar traits with RV and mobile homes. However, there are several big differences:

  • Tiny Homes can be designed to be mobile, or can be converted for a stationary setting, provided there are the necessary utility hookups.
  • Tiny Homes are highly customizable, and many of the manufacturers we work with are happy to install custom parts, furnishings, and even entire room spaces to fit your needs and budget.
  • Many Tiny Home owners choose to rent out their Tiny Home, providing an extra source of income with less of the upkeep and maintenance required on traditional rental units.

Will I need a mortgage to own a tiny home?

A Tiny Home loan from Liberty Bank is not considered to be a mortgage. There is no lien involved and the bank will retain the title to the Tiny Home until the loan is paid off in full.

Are tiny homes built to last?

  • Tiny homes on wheels are often compared to RVs. However, tiny homes are built to last as long as traditional homes. High-quality materials and building techniques are used when constructing a tiny home resulting in more durability and less wear and tear than traditional RV units.

Where can I live in a tiny home?

  • Similar to RV units, zoning ordinances regarding Tiny Homes can vary from state-to-state, and even from county-to-county. Many jurisdictions have communities specifically designed to host tiny homes as permanent residences. To learn more about these communities visit https://www.tinyhomebuilders.com/help/tiny-house-parking-guide

Is there a required down payment amount?

  • Generally, Liberty Bank requires a 20% down payment of the total purchase price.

Who does Liberty Bank work with?

We pride ourselves in researching and forming alliances with the best leaders in the tiny home industry. In fact, some of our loan officers have visited the locations where tiny homes are built, and have seen firsthand the amount of quality that goes into the final product.  Please visit the links below to learn more about the tiny home companies we recommend:


TruForm Tiny



Do I need a specific credit score to qualify?

Yes, all tiny home loans with Liberty Bank require a minimum FICO credit score of 650 or above. If your credit score doesn’t meet our criteria, there are ways you can improve your score. Please visit https://www.experian.com/blogs/ask-experian/credit-education/improving-credit-score/#s2 for more details.

What if I have a specific Tiny Home I want to own?

Liberty Bank will authorize individual models of tiny homes provided they meet the bank’s criteria, are up to tiny home standards and code requirements.

What options do I have for tiny home loan terms?

Liberty Bank offers tiny home loans on 10-Year, 15-Year, and 23-Year terms. Certain terms may not be available for all applicants based on credit history and income. There are no pre-payment penalties with Liberty Bank, meaning you are free to pay off your loan at any time ahead of the designated term.

What is the interest rate on a Tiny Home loan?

Interest rates will vary depending on a variety of factors including an applicant’s credit history and income. Initial rates can range anywhere between 6.0% and 10.5%. Contact a loan officer at Liberty Bank to learn more.

Any other requirements?

Yes, Liberty Bank requires all applicants to have a valid social security number,  be able to provide a valid government-issued form of identification, and the last two years of tax returns showing at least 3 years of work history.

Is there an application fee? How can I apply?

There is no application fee for a Tiny Home loan from Liberty Bank. Applying is quick, secure, and convenientthrough our online application portal available here. If you would prefer, a downloadable PDF form can be obtained by right-clicking here and selecting “save-as” to save the application to a drive. You may also print out the PDF to complete.

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