Offering Tiny Home Financing

Written by Janet Thome

We want to thank and welcome Liberty Bank Of Utah as a new commercial member of THIA. Liberty Bank Of Utah offers Nationwide financing for tiny homes! They have a criteria for the builders and first and foremost, is protection for the consumer.  Builders must be approved and the tiny homes must be certified.


Will I need A Mortgage?

A tiny home loan from Liberty Bank is not considered to be a mortgage. There is no lien involved and the bank will retain the title to the tiny home until the loan is paid off in full.

What Is The Interest Rate?

Interest rates will vary depending on a variety of factors including an applicant’s credit history and income. Initial rates can range anywhere between 6.0% and 10.5%.

Any Other Requirements?

Yes, Liberty Bank requires all applicants to have a valid social security number,  be able to provide a valid government-issued form of identification, and at least three consecutive years of work history (does not need to be with the same employer), and the last two years of tax returns.

Do I Need A Certain Credit Score?

Yes, all tiny home loans with Liberty Bank require a minimum FICO credit score of 650 or above. If your credit score doesn’t meet our criteria, there are ways you can improve your score.

Do You Require A Down Payment?

Generally, Liberty Bank requires a 20% down payment of the total purchase price.

What Are The Loan Terms?

Liberty Bank offers tiny home loans on 5-Year, 10-Year, 15-Year, and 23-Year terms. Certain terms may not be available for all applicants based on credit history and income. There are no pre-payment penalties with Liberty Bank, meaning you are free to pay off your loan at any time ahead of the designated term.

Could I Choose A Specific Model?

Liberty Bank will authorize individual models of tiny homes provided they meet the bank’s criteria and the manufacturer is a certified tiny home builder.

Approved Builder List Under FAQ   Note: There Are More Builders That Are Approved That Are Not Listed

Partners With Operation Tiny Home For A Down Payment Grant

Learn More About Operation Tiny Home

THIA Zoom Virtual Meetup: May 21st, 2020 Liberty Bank Of Utah Guest Speaker

THIA Zoom Virtual Meetup: May 21st, 2020
Subject: Tiny Home Financing, Guest Speaker, Liberty Bank Of Utah
For Non Profit And Commercial Members

Hosts: Alexis Stephens, Co- Director Of Membership And Co-Founder Of Tiny House Expedition

Lindsay Wood, Co-Director Of Membership And Co-Founder Of Experience Tiny Homes

Featured Photo Credit :  SimBLISSity Tiny Homes

Liberty Bank Of Utah

Contact Liberty Bank Of Utah


326 South 500 East
Salt Lake City, Utah 84102

(801) 355-7411