Making Your Tiny home Home Financially Achievable
Have you been curious about how to finance your Tiny Home? At ATTIMO we understand that adding a Tiny Home or Garden Suite to your property is a big step and that financing can feel like a daunting hurdle. That’s why we’re dedicated to providing you with the tools, guidance, and financial options needed to turn your vision into a reality. From tailored financing solutions to government programs, we’re here to ensure the process is as smooth and accessible as possible.
Have you heard?
The Federal Government’s has a Secondary Suite Mortgage Program
This new program offers an excellent opportunity
for homeowners to add secondary units
for homeowners to add secondary units
- Access up to $80,000 at a 2% interest rate over 15 year
- Apply for an insured mortgage with a maximum loan value of 90% of your property value.
- 30-Year Amortization: Spread out payments to keep them manageable.
- By making it easier for homeowners to add secondary suites, this program aims to boost Canada’s housing supply and improve affordability.
6 Ways to Finance
Your 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 yourGarden Suite with minimal up front 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 Secondary Suites Program: Up to $30,000for homeowners who commit to renting their Garden Suite at attainable rates for 15 years, and
- Town of Collingwood: $10,000for eligible properties to create secondary or Garden Suites.
Outright Purchase or 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.
Want to Learn More?
For more information, visit the ATTIMO Homes financial section!
Ready to begin your tiny home journey? We’re here to help. To better understand your specific requirements, eligibility, and financial goals, please fill out the contact form. This will allow us to provide personalized advice and support, ensuring we find the perfect housing solution for you.
Visit our demo unit
Come visit our Model Garden Suite at Home Hardware.
Weekends 10:00-16:00 and by appointment during the week.
Location: 104 High St, Collingwood, ON L9Y 4K2
Weekends 10:00-16:00 and by appointment during the week.
Location: 104 High St, Collingwood, ON L9Y 4K2
