How to Finance Nontraditional Home
Earthship, Yurt, or Other Weird (i.e., Nontraditional) Home: (or, depending on your POV, downright weird) homes you can buy right now.
That is, if you have cash If not, you’ll need to get the right kind of financing to
step through your atypical front door. We looked at types of
unusual properties to see what kind of financing challenges to expect if
you’re looking to go the route of log cabins, Earthships, and
extremely remote locations. That’s why seller financing can be the way to go, Richter said. Just don’t expect to get market rates or
choose your loan type. Seller financers can (and will) charge higher
rates, set specific terms, and require a substantial down payment to make sure you have enough skin in the game.See how Students Build $500 House
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