Each tiny home is located on a specific homesite for which there is a monthly rental fee. Lease terms range from 1-10 years. The rental fees average from $565 to $700 per month depending upon location. Included in the rental fee are all amenities, basic cable, water & sewer, lawn maintenance and bi-weekly trash pick up.
A few short years ago the only options for financing a tiny house were an RV loan with a cap of 10 years and higher interest rate, a personal, unsecured loan or obtaining a home equity loan on your existing home.
Now, owing in large part to the ever increasing popularity and sales of Park Model Tiny Homes, many lenders who traditionally financed mobile homes are financing Park Model homes under similar terms.
Below are links to two lenders who have previously financed homes in the Village and have a relationship with Simple-Life.