Financing
Making Your Dream Affordable
Clayton Park Model Homes
Starting From $90,000
Final price depends on model selection, customizations, and upgrades
We'll Guide You Through the Process
We work with several financing companies that specialize in park model homes. Whether you're looking for a shorter-term loan or need lower monthly payments, we'll help you find the right option for your situation.
Basic Requirements
10-20%
Down Payment
Typically 10% minimum, 20% for second homes
<48%
Debt-to-Income
Maximum debt-to-income ratio
Loan Options
Two types of loans are available for tiny homes. We'll help you understand which option best fits your financial goals.
RV Loan
Up to 7 YearsA shorter-term loan option with competitive rates. Ideal for buyers who want to pay off their home faster.
Advantages
Considerations
Chattel Loan
Up to 25 YearsA longer-term loan that provides lower monthly payments. Great for buyers who want more flexibility in their budget.
Advantages
Considerations
Example Monthly Payment
For a $100,000 home with 10% down ($10,000):
- Loan Amount$90,000
- 7-Year RV Loan~$1,300-1,500/mo
- 25-Year Chattel~$600-800/mo
*Estimates only. Actual payments depend on credit, rates, and terms.
Monthly Expenses in Our Community
- Lot Rent (includes water, sewer, trash, landscaping)$550
- Electric~$100
- House PaymentSee above
Financing Timeline
Application
Day 1
Document Review
Days 2-7
Underwriting
Days 7-14
Approval & Closing
Days 14-21
Common Questions
How much do I need for a down payment?
Most lenders require at least 10% of the amount financed. Since most homes land around $100K, expect a minimum down payment in the $10K range. If this is a second home, lenders may require 20%. In some cases, down payments can be as low as 5%.
Can I borrow my down payment?
Unfortunately, lenders do not allow the down payment to be borrowed. It must come from your own funds — such as cash, cashed-in stocks, or a gift from someone else. If it's a gift, the lender will require a letter confirming that the funds are not expected to be repaid.
Are tiny homes taxable?
When you purchase your tiny home, you will pay sales tax for the state where it will be registered. Since they are legally considered non-motorized RVs, there is no property tax in most states — but you are responsible for confirming that with your local jurisdiction.
What is the average monthly expense?
Upkeep is minimal compared to a traditional house. Lot rent in a community (like ours) typically includes water, sewer, trash, and full landscaping. Therefore, the only additional expenses would be electric and your house payment (if financed).