Step 3

Financing your backyard home

How to finance an ADU? How other people pay for ADU?

We could mention a bunch of ways: which one you use depends on you, your situation, your accountant and financial advisor. There is no one answer that fits all.

Take your pick between any one or any combination of cash and credit cards, cash-out refinance and home equity line of credit (a.k.a. HELOC), construction or renovation loan, borrowing from a retirement account or from friends and family, reverse mortgage loan or shared equity financing, the list goes on.

We know, the companies on this page assist homeowners with ADU projects. Each has a different approach to financing. Figure out what works best for you depending on your personal situation, equity in the main house and monthly cashflow. Or consult a mortgage broker to assist you.

Skip the paper-chase by digitally connecting your income, employment and assets—and quickly determine the loan options that will give you the greatest potential cost- and/or time-savings. Loan Depot expert loan consultants can then assist you in making the best decision for your personal financial situation. And you can estimate costs online.

Partner with LendingHome for a solution that’s tailored to your real estate investing goals.

Compare traditional loan to a profit participation to a program offered by a non-profit.

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