The trend of going green, and downsizing has led to an explosion of tiny homes in the United States. Coast to coast, thousands of tiny homes are popping up each month in every city, coastline, rural America, and metro areas. Many of these homeowners are first-time home buyers who are looking to have a high standard of living, at a much lower cost. The price of homes in America is over $300,000 for a home and tiny homes give a different lifestyle at a lower price point. One factor with so many tiny homes is that many of these homeowners at some point will want to pull equity or refinance their tiny home.
Most tiny homes are 300 to 700; some larger ones 800 to 900 square feet, and the price can range from $30,000 to well up to $200,000 for high-end customized homes. One important factor for tiny homeowners in Florida to consider if you're going to pull equity out of their home or refinance is you will need to own their own land and it must be on a permanent foundation. Florida has many specialized tiny home communities popping up and this trend in housing is set to grow at a rate of 20% to 30% per year for many years to come. Our private investors will give you a tailored home to fit your refinancing needs for your tiny home and determine the best value for you to borrow against. We have closed any tiny home refinances and understand all the complexities and particulars that go with the tiny home market. Also, you need a good appraiser who has done tiny home appraisals as well.
If you're considering refinancing or pulling equity out of your tiny home please consider the experience of our team of expert underwriters and private investors. Call us today!