Tiny House Company

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Financing a Tiny House RV

Last Updated: Feb 12, 2015 09:29AM PST
There are several steps to get financing for your Tumbleweed.​

Tumbleweed Tiny House RVs
In 2012, the Recreation Vehicle Industry of America added a new class of RV which encompasses a Tumbleweed Tiny House RV. It's called a park model trailer, which is less than 8'6" wide.   Starting in February 2015, our Tiny House RVs will be reclassified as Travel Trailers, a designation that more credit unions will finance.  Our website will not show this update before the actual designation changes; however, any orders placed now, will be manufactured as Travel Trailers.  

Here is our listing in NADA Guides (National Automotive Dealers Association):  http://www.nadaguides.com/RVs/2014/Tumbleweed

Borrower requirements
Unlike home loans, RV loans aren't available for people who intend to make this their primary residence. Credit unions look for borrowers with steady income, credit about 700 or higher and are purchasing an RV for recreational purposes.

Find a credit union
Conventional banks still aren't lending on this type of RV, but most credit unions do. If they do RV loans, they typically will loan for 7 years or 15 years. On a 7 year loan, your payment will be roughly $1,000 per month. On a 15 year loan, your payment will be roughly $500 per month. Make sure that you find a credit union that will meet your needs. Typical interest rates are between 4% to 7%.

Determining Value
Credit unions use one of two methods to determine the value of a RV. They either go by dealer invoice or NADA (or possibly either). Tumbleweed is listed in the NADA guide as of July 2014. 

Get pre-approved
Getting pre-approved makes the process easier. We recommend asking for more than you think you'll need to borrow for two reasons. One, sometimes you get approved for less than you ask for. Two, you can often include upgrades and shipping charges into the loan.

Next steps
After you are pre-approved, it is a good idea to have a Tumbleweed representative talk to your credit union. They often have questions that you wont know the answer to. We are here to answer those questions.



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  • support(at)tumbleweedhouses(dot)com

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    (877) 331-8469

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