HELOCS for Properties with both an ADU and a JADU

[David Maldonado]

Hey everyone,

So I have been looking for a lender that can open a HELOC on a my primary residence single family with both an ADU and a JADU. Unfortunately, all the lenders I have called so far do not lend on multi-unit properties. Has anyone else, in a similar situation, had any luck getting a HELOC or Equity loan on a property with an ADU and JADU?

[Aaron Arnold]

Specialized Lenders: Look for lenders that specialize in investment properties or non-traditional property types. These lenders often have more experience and flexibility with properties that include ADUs and JADUs.

Community Banks and Credit Unions: Local community banks and credit unions may be more willing to work with you, especially if they have a better understanding of the local real estate market and the value ADUs and JADUs bring to a property.

Mortgage Brokers: A mortgage broker may have access to a wider range of lending options and could help you find a lender willing to consider your property. Brokers can be particularly useful in navigating the complexities of loan products that might fit your situation.

Portfolio Lenders: These lenders use their own funds to finance loans and may have more flexible lending criteria than traditional banks. They might be more open to unique property types and willing to take on loans that don't conform to the standard criteria of larger financial institutions.