Granny Flat Loans



Granny Flat Loans

Specialized Financing to build an Accessory Dwelling Unit (ADU)

Also known as a Granny Flat or Secondary Dwelling

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If you are interested in building a Granny Flat, or buying a home and adding a Granny Flat, we offer some very attractive financing options

  • Significantly increase the value of your home
  • Generate rental income

Great Housing Option For

โœ…Housing for parents

โœ…Adult/Returning Children

โœ…Extended Families

โœ…Additional Living Space

โœ…Rental Unit

โœ…Home Office

โœ…Hobby or Craft Room

โœ…Game Room

Loan Options

Construction Granny Flat Loan

  • The maximum loan amount is based on โ€œafter-improved valueโ€ appraisal
  • A construction loan will be combined with an existing mortgage into a new loan
  • Also available for the purchase of an existing home and adding a Granny Flat/ADU

Conventional ADU Construction Loan

  • Attached or detached Granny Flat/ADU
  • Owner-Occupied, Second Homes or Investment Homes

FHA ADU Construction Loan

  • Only for attached Granny Flat/ADU
  • Owner-Occupied only
  • Credit score as low as 620

Cash-Out Refinance Granny Flat Loan

  • Up to 85% loan-to-value on FHA and Conventional Loans
  • Up to 100% loan-to-value on VA Loans
  • Fast and on-time closing
  • Minimal cost out-of-pocket including the appraisal fee
  • Variety of Fixed Rate and Adjustable Rate Mortgages

Helpful Links

Want to Build a Granny Flat?

Whether youโ€™re looking to generate rental income or house family Maxable Space can help you build a granny flat. Download our free tool kit to get started.

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Read about the new California ADU Laws

CA ADU Laws

I Would Like More Information

GRANNY FLAT LOAN INQUIRY

ONE-TIME CLOSE CONSTRUCTION FINANCING

The One-Time Close Construction Loan is a home mortgage that can be used by the borrower to close both the construction loan and the permanent financing of a new home at the same time. ย The loan is closed one-time, upfront, before any construction begins simplifying the process and saving money.