Secure Your Mountain Cottage Dream Today!
Discover hassle-free financing for your dream mountain cottage with Ocoee Mountain Cottage Approval. Expert solutions tailored just for you!
🔑 Step-by-Step:
Getting Pre-Approved
1. Complete a Quick Application
Click the button below to start. The application takes just a few minutes and helps us get to know your financial picture.
2. Credit Pull - Equfax only $19.00 Individual & $38.00 Joint
We’ll review your credit to determine eligibility and the best loan options for you (see “Why We Pull Credit” below).
3. Submit Required Docs
We’ll need a few documents to verify your income and identity (listed below).
4. Get Pre-Qualified
Once reviewed, we’ll send you a pre-qualification letter so you can confidently move forward with your new home.
5. Choose Your Tiny Home
Explore your options and reserve your favorite model—just steps away from financing approval.
Financing & Expert Consulting
Explore tailored financing and expert guidance for your cottage questions.
Ocoee Mountain Cottages
Beautiful Views, Mountain Top Luxury
Luxury Cottages for Sale in Blue Ridge Mountains! Starting in the $160,000’s
What Documents are typically needed?
Specialized financing solutions for buying or refinancing mountain cottages, offering competitive rates and customized loan options tailored to client needs.
To keep things moving quickly, have these ready. More details Below in FAQ's:
Valid driver’s license or photo ID
2023 & 2024 W2's - for all jobs
Last 30 days of pay stubs
Last 2 months of bank statements
Award Letters - Military, Disability, Retirement, SSI
Self-Employed/1099/Own rental properties
Last 2 years business and personal returns. (All pages)
Home Only
Purchasing the unit by it self and being placed on land that is leased and not owned
LandPlus
(land-in-lieu) Land Value $______ - refers to a loan program where the borrower can use land they already own as a substitute for a down payment—essentially offering the land "in lieu" of cash.
Land/Home Existing
A loan for a home that is already permanently installed on land — and both the land and the home are being financed together.
The home is already on the land, not a new setup.
It’s often for someone buying a property that includes both the home and land in one transaction.
The home is typically titled as real property, meaning it’s been affixed to the land permanently (not considered a movable home).
Credit Requirements
We work with flexible programs that allow credit scores as low as 550
—making it easier for more buyers to qualify!
Keep in mind, the higher your credit score, the better your interest rate and loan terms will be. If you're unsure where you stand, don't worry—applying will give us a clear picture and help you explore your best options.
Testimonials
Jasmine Richards
Brick Mortgage Solutions helped me secured a great rate on our dream cottage, and they even made time to even talk to me after hours. Super smooth process all around!
Monica Chandler
After exploring various brokers, Brick Mortgage Solutions was spot-on investment advice finally made my cottage investment straightforward and worthwhile.
Thomas Krazinski
I've dealt with paperwork headaches before, but Brick Mortgage Solutions made buying my tiny home feel like a breeze. They handled everything. No muss, no fuss.
FAQs
Your Top Questions Answered Clearly and Concisely
What makes Ocoee Mountain Cottage Approval unique in the market?
We specialize in financing and advising specifically on mountain cottage properties, providing tailored, expert solutions.
Can you assist first-time buyers looking to invest in mountain cottages?
Absolutely! We offer guidance throughout the entire buying process, including financial education specifically aimed at first-time buyers, to help you make confident and informed decisions.
What are the loan terms?
Loan terms are available for 240 months (20 years) or 300 months (25 years), with competitive rates.
No prepayment penalty – you can pay off your loan early at any time without extra fees.
Most loans close in 30 days or less, depending on when the park model is delivered.
Why do we have to pull credit up front?
Pulling your credit upfront allows us to match you with the best possible loan program. Your Equifax credit score helps determine your eligibility, maximum loan amount, and available interest rate. By reviewing this information early, we can give you an accurate approval and help you move forward with confidence.
How long is my approval good for?
Your pre-approval is valid for 90 days. If you haven’t selected a home within that time, we can easily update your file with current documents to extend your approval.
Is it possible to get a pre-approval for a mountain cottage loan, and how does it work?
Yes, we offer a pre-approval process where potential buyers can get an estimate of the loan amount they might be eligible for, based on their financial details and credit history. This service helps buyers shop for properties with a clear budget in mind.
Additional FAQ'S - Loan Information
Down Payment vs Security Deposit
1. What purchase price should I provide on the application?
Please include the approximate purchase price of the home/unit you are looking to buy.
2. How much do I need for a down payment?
Owner-occupied home: Minimum 5% down payment
Vacation home/second home: Minimum 15% down payment
You may choose to put more down if you’d like, but these are the required minimums.
3. How is the down payment different from the security deposit?
The down payment is what you contribute toward your mortgage at closing.
The security deposit is what the dealer may require upfront to purchase and bring the unit into the community.
Example:
A dealer might require a 30% security deposit. However, at closing you are only required to meet the minimum down payment requirement (5% or 15%). This means you may receive part of that deposit (the excess) back — in this example, 15% could be refunded at closing if you choose.
What are Interest Rates - Mortgage vs RV Title
Even though this is a tiny home, it is legally titled as an RV, so the financing works differently from a traditional mortgage.
Credit score requirements: We can finance buyers with scores as low as 550.
Down payment: At a 550 score, the minimum down payment required is 15%. Higher scores may allow for lower down payments, but putting more down can always help.
Rates: Rates are updated weekly and typically range from 8% and up, depending on your credit score.
Example: A buyer with a 740+ score may see a rate around 8.48%.
Example: A buyer with a 574 score may see a rate closer to 12.125%.
In short, higher scores = lower rates. Lower credit scores may still qualify, but you can expect rates from 11-% 12% +.
📋 Loan Application Document Checklist
Cheat Sheet for when you begin your application.
Personal Identification
Driver’s License (valid)
Social Security Card
Income Verification
Most recent 30 days of pay stubs
Last 2 years of W-2s
If self-employed or 1099:
2 years of full personal tax returns
2 years of full business tax returns (if applicable)
Banking Information
Most recent 60 days of bank statements (all pages)
Retirement / Fixed Income (if applicable)
Social Security Award Letter
Pension statement
Disability income statement
✅ Tip: Please ensure documents are clear, complete, and legible before submitting. Providing all required documents upfront will help avoid delays in processing your loan.
Can I use gift funds for my down payment?
Yes! Gift funds are allowed, and the entire down payment can come from a gift if needed.
We will need a signed gift letter confirming the funds are a gift (not a loan).
We must also document the source of the gift (who provided it).
The gift does not have to come from a family member — it can be from a friend or another eligible donor.
This option makes it easier for buyers to move forward even if they don’t have all the funds saved themselves.
Edge Home Finance Corporation © 2024. All Rights Reserved. NMLS #18796 Company NMLS #891464
Licensed In: GA, FL, TN
Edge Licensed 48 states
