Accessory Dwelling Unit (ADU) Construction Loan Program
This loan program provides financing for Accessory Dwelling Unit construction on owner occupied or non-owner-occupied properties when the ADU will be used as a rental or investment property. This loan program applies to Garage Conversions, ADU’s, JADU’s on single family and multi-family properties.
| Loan Amounts: | $100,000- $2,500,000+ |
| Property Type: | Single Family – Multi-Family / 1 – 4 ADU’s |
| Loan Type: | Ground up construction or remodel construction |
| Loan-to-Value: | Up to 65% LTV, 60% CLTV of After Rehab Value (ARV). 70% of Purchase and 70% of Rehab option available |
| Terms: | 1 to 3-years with Balloon – Interest Only Payments |
| Occupancy: | Owner Occupied & Non-Owner Occupied – ADU must be rental |
| Underwriting: | Equity Driven, Bank Statements, No Tax Returns (other docs apply) |
| Property Valuation: | Appraisal required on After-Repair-Value |
| Interest Rates: | 1sts from 9.99% – 2nds from 11.99%* |
| Points & Fees: | 2+ points plus Underwriting & Valuation of $3,495+ |
Why Mortgage Vintage?
✓ Same Day Term Sheets – Professional Service
✓ Easy Loan Submission, Quick Appraisal, 7 Day Fundings
✓ Fast Construction Draws and Inspections
✓ Flexible and Transparent Loan Process
✓ ADU Funding Based on Committed Terms
✓ Support for Brokers on the take-out refinance, we only do Hard Money
✓ Privacy, Security and Confidentiality through CrowdTrustDeed
✓ Se Habla Español
Surety of ADU Loan funding through CrowdTrustDeed’s simple, secure online Trust Deed marketplace.
Contact
Sandy MacDougall – (949) 763-3982 – sandy@mortgagevintage.com
