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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APPLY FOR A LOAN
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
✅Housing for parents
✅Adult/Returning Children
✅Extended Families
✅Additional Living Space
✅Rental Unit
✅Home Office
✅Hobby or Craft Room
✅Game Room
Loan Options
Construction Granny Flat Loan
- The maximum loan amount is based on “after-improved value” 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 you’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.