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Financing Your Tiny Home: Part 2

We have spoken about ways in which you can borrow for your tiny home, now let's look at the top personal loan lenders.


Below are five top personal loan lenders we’ve vetted for quality that offer lending services for major purchases, such as a tiny house. Each lender features an easy online application. 1. Upstart

  • Upstart personal loans come with an APR range of 7.46% to 35.99%

  • Borrow between $1,000 and $50,000

  • Repayment terms of three or five years

  • Qualify with a credit score of 620 or better

  • Your APR will be determined in part by factors such as your education and career

  • No prepayment penalties if you plan on paying down your debt early

  • An origination fee of 0% to 8% of your loan balance

VISIT UPSTART 2. LendingClub

  • LendingClub personal loans come with an APR range of 6.95% to 35.89%

  • Borrow between $1,000 and $40,000

  • Repayment terms of three or five years

  • Qualify with a credit score of 600 or better

  • Compare offers using the peer-to-peer lending platform

  • No prepayment penalties if you plan on paying down your debt early

  • An origination fee of 1% to 6% of your loan balance

VISIT LENDINGCLUB 3. Citizens Bank

  • Citizens Bank personal loans come with an APR range of 6.79% to 20.89%

  • Borrow between $5,000 and $50,000

  • Repayment terms of three, four, five, six, or seven years

  • Qualify with a credit score of 680 or better

  • No prepayment penalties if you plan on paying down your debt early

  • No origination or administrative fees

VISIT CITIZENS BANK 4. FreedomPlus

  • FreedomPlus personal loans come with an APR range of 5.99% to 29.99%

  • Borrow between $10,000 and $35,000

  • Repayment terms of two, three, four, or five years

  • Qualify with a credit score of 640 or better

  • No prepayment penalties if you plan on paying down your debt early

  • An origination fee of 0% to 5% of your loan balance

  • SoFi personal loans come with an APR range of 5.74% to 16.24%

  • Borrow between $5,000 and $100,000

  • Repayment terms of three, five, or seven years

  • No prepayment penalties if you plan on paying down your debt early

  • No origination or administrative fees

  • Late fee forgiveness after you make three consecutive on-time payments

  • Offers the ability to pause your repayment if you lose your job

VISIT SOFI Find the right tiny house financing option for you You’ll want to shop around for tiny home financing the same way you’d shop for other types of loans:

  • Figure out your ideal borrowing amount, APR, and repayment term before looking for a lender to meet your specific needs.

  • Compare offers from all types of lenders, including traditional banks, credit unions, and online personal loan companies.

  • Use the APR to judge each offer accurately, as it includes both your interest rate and the lender’s fees.

Use this personal loan calculator to hatch a plan for your repayment. Plug in your borrowing amount, preferred repayment term, and an interest rate you can expect to be quoted. It’ll pump out your potential monthly payment and interest charges. Then figure out how to pay off the loan ahead of schedule. There are plenty of strategies to pay off your loan early. For one, you could rent out your property, especially if your tiny home has a tiny spare room.


CONTACT US TODAY! 315-253-9062



277 North St. Auburn, NY 13021





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