ADU Financing Solutions in Los Angeles

You can compare loan options for your back house or granny flat, including cash-out refinances, HELOCs, construction loans, etc. We make it easy to include estimated ADU costs and your home’s approximate value to crunch the numbers, determine your eligible plans, and offer the best terms. When it’s time to shop for financing, we can help pair you with lenders we have worked with successfully to make our clients’ ADU vision a reality.

We work directly with several lenders and financing providers. We can provide an array of options for financing the construction of your ADU

Absolutely. GoADU can work with your lender to ensure you have the budget, plans, and scope of work needed for your loan application and documentation. If you don’t already have contacts with construction lenders, we are happy to connect you with several we have worked with successfully.

To approve a construction loan, the lender typically requires a floor plan with elevations, a scope of work, and a budget that includes all construction costs broken down by trade (plumbing, electrical, framing, sheetrock, insulation, etc.). The process can be much smoother if the lender has worked with the contractor before, as the lender will be familiar with the contractor’s work and documentation, and the contractor is familiar with the lender’s requirements. If you are purchasing a new property with the intention of installing an ADU, if at all possible, we recommend negotiating an extended due diligence period of 75-90 days to research the feasibility of the ADU, consider any site requirements, and report your ADU plan to the lender so they can order an appraisal of the property based on its estimated future value with the ADU.

To approve a construction loan, the lender typically requires a floor plan with elevations, a scope of work, and a budget that includes all construction costs broken down by trade (plumbing, electrical, framing, sheetrock, insulation, etc.). The process can be much smoother if the lender has worked with the contractor before, as the lender will be familiar with the contractor’s work and documentation, and the contractor is familiar with the lender’s requirements. If you are purchasing a new property with the intention of installing an ADU, if at all possible, we recommend negotiating an extended due diligence period of 75-90 days to research the feasibility of the ADU, consider any site requirements, and report your ADU plan to the lender so they can order an appraisal of the property based on its estimated future value with the ADU.