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Updated 4 months ago on . Most recent reply

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Mason Field
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Loan for House and ADU

Mason Field
Posted

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!

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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
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Ashish Acharya
#2 Tax, SDIRAs & Cost Segregation Contributor
  • CPA, CFP®, PFS
  • Florida
Replied

@Mason Field Yes, you can finance a single-family home and an ADU simultaneously. Options include:

  1. Renovation Loan (FHA 203(k) or Fannie Mae HomeStyle) to cover both home purchase and ADU construction.
  2. HELOC or Cash-Out Refinance if you have equity in your home.
  3. 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.

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