Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated 5 months ago on . Most recent reply
Loan for House and ADU
I am new to the real estate investing world. I have a question about loans and how that works. Can you receive a loan for a single family home and a loan for the construction of an ADU at the same time? I am thinking of house hacking through the use of an ADU since I live in a more expensive area than most. If anyone has any advice on this process or obtaining loans for this type of investment that would be very helpful. Thank you!
Most Popular Reply
#2 Tax, SDIRAs & Cost Segregation Contributor
- CPA, CFP®, PFS
- Florida
- 3,161
- Votes |
- 3,864
- Posts
#2 Tax, SDIRAs & Cost Segregation Contributor
- CPA, CFP®, PFS
- Florida
@Mason Field Yes, you can finance a single-family home and an ADU simultaneously. Options include:
- Renovation Loan (FHA 203(k) or Fannie Mae HomeStyle) to cover both home purchase and ADU construction.
- HELOC or Cash-Out Refinance if you have equity in your home.
- Construction Loan specifically for building the ADU.
This post does not create a CPA-Client relationship. The information contained in this post is not to be relied upon. Readers should seek professional advice.
- Ashish Acharya
- [email protected]
- 941-914-7779
