Simplifying Financing Options
How to Finance a Tiny Home
At ATTIMO, we help you navigate how to finance a Tiny Home or Garden Suite by working with the banks, mortgage brokers & government programs to offer tailored solutions for your project.
Building a Garden Suite is not just an expense—it’s an investment. ATTIMO helps families balance up-front costs with long-term financial benefits by guiding you through income tax-deductible options for rental suites and exploring ways to offset construction costs.
Take advantage of the Federal Government’s Secondary Suite Mortgage Program
- Access up to $80,000 at 2% interest over 15 years.
- Apply for an insured mortgage with a maximum loan value of 90% of your property value.
- 30 year Amortization.
By making it easier for homeowners to add secondary suites to their existing property, we can build the supply of homes Canada needs and make housing more affordable for every generation.
6 Way to Finance
your Tiny Home or Garden Suite
Home Equity Line of Credit (HELOC)
A HELOC allows you to borrow against the equity in your home, offering a flexible and cost-effective way to finance your Garden Suite project.
Traditional Mortgage Financing
Add your Garden Suite costs to your existing mortgage or refinance at a competitive rate.This is ideal for those seeking stability and structured payments.
Reverse Mortgage (CHIP Program)
A great option for seniors, the CHIP program allows you to finance your Garden Suite with minimal upfront costs, and repay only when you sell your home. (NO Monthly Payments)
Canada Secondary Suite Loan Program
Starting January 2025, homeowners can access up to$80,000 at a 2% interest rate over 15 years. This program is designed specifically for adding secondary units to your property.
Community
Grants
Simcoe County SecondarySuites Program: Up to $30,000for homeowners who commit to renting their Garden Suite attainable rates for 15 years. (Town of Collingwood: $10,000for eligible properties to create secondary or Garden Suites).
Outright Purchase / Customized Solutions
Purchase your Garden Suite outright or work with ATTIMO's financing partners to combine grants, loans, and personal funds into a tailored financial solution.
