Ready to add an Accessory Dwelling unit to expand your square footage, create a mutigenerational living space, generate rental income, and potentially increase the value and resale appeal of your home?
At Planet Home Lending, we have loan products to help you put one in your own backyard.
What can an Accessory Dwelling Unit (ADU) be used for? The options are nearly endless.
Call us today at 888-966-9044 to learn about your options or apply for a free quote.
ADUs are attached or free-standing units, like a mother-in-law apartment or a guest house. An ADU includes all the basics — a living area, sleeping area, kitchen, and bathroom.
And now that more people are working from home, an ADU can even serve as a home office, or as a base to run a small business.
Accessory dwelling units can be built on-slab like regular construction, or be manufactured housing (prefab units built elsewhere and assembled on site). Either way, Planet is here to help you finance your new ADU. Give us a call at 888-966-9044 and let’s talk.
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With Planet, there are multiple options. You can access the equity in your home with a renovation home loan, a cash-out home loan, or other mortgage loan options that fit your needs.
Much like a regular mortgage, ADU requirements will depend on your unique financial needs. Planet offers Freddie Mac ADU home loan options, as well as Fannie Mae ADU loans. We can even provide Jumbo financing for more expensive projects or highly competitive markets.
Planet offers multiple different types of loans that could suit your needs.
Freddie Mac and Fannie Mae both offer ADU home loans, and there are also other loans that allow you to access the equity in your home, roll construction costs into your mortgage loan, or are specifically designed for renovations.
Your best bet is to call and speak with one of our mortgage professionals. We’re here to help get you a great home loan at a great rate. Call us today at 888-966-9044.
That depends on your local ordinances, but your Planet mortgage expert will be able to help you find your best financing option once you confirm that your ADU will meet local zoning rules.
Not exactly, no. While they may look similar, tiny homes are usually mobile. An ADU is permanently built on-site.
Not every ADU is in the backyard. Some homeowners will convert an existing garage or other structure into an accessory dwelling unit. Planet offers renovation loans that might be the perfect choice for conversions just like yours.
Rates change fast, sometimes daily or even more often. At Planet, we always work to get you the best rates available. Call us for current rates and professional assistance today.