There may be MI but you have the ability to customize it and possibly not pay as many as with 203k- you do not need equity at the time of initiating or applying for a refinancing (assumes you own the property already) vs a FHA 203k you need min 2.25% equity - flexibility of primary/investment/second homes and rehab financing vs only primary with FHA- less restrictions on what type of upgrades you do like luxury items are less restricted and attached ADU (accessory dwelling units) are ok since some people like to build in law quarters and such while 203k will have severe restrictions on theseSome downsides on home style are:- your rehab cannot exceed 50% of your ARV value (determined by your appraisal). - can only have 4 financed properties (may be an over lay but I've always seen this)- min down is 5% vs 3.5% with FHA- FHA 203k is not capped for rehab budget like home style with its 50% of ARV cap

The link to the requirement is here http://www.seattle.gov/sdci/permits/common-projects/accessory-dwelling-unitsDo you know any other cities in the greater Seattle area with similar regulations.

Hey all, I'm looking to potentially add an accessory dwelling or a tiny house on wheels (still classified as an RV?) 

Hi all, Looks for some high level info related to Accessory Dwelling Unit possibilities and requirements for those in the Sevier County, Sevierville, TN and Smoky Mountains area.

So I'm looking for a way to lower my housing costs with this plan.The plan is to build an Accessory Dwelling Unit (ADU) in my basement, essentially turning my home into a duplex.

Within the city limits (I think both suburban and urban tiers) you can now have, by right, up to 3 units (2 in the form of a duplex and 1 in the form of a detached accessory dwelling unit).Of course, the problem is that construction costs are so high, ADUs are difficult, but if you have a garage that could be converted easily, that could be a good way to go!

What I beleive you want to research regarding the detached carriage house is a dwelling called an "Accessory Dwelling Unit" (ADU). 

You may also be able to find a home that has an accessory dwelling unit as well, if you are going to be living there.

Right now appraisers are having a problem with the accessory dwelling units.

Is this going to be converted to a rental as an accessory unit or into a two dwelling flat (the zone will determine which one you can do)?