Financing your ADU or multiplex conversion requires careful planning. This step helps you understand the range of financing options available, including traditional mortgages, specialized ADU/multiplex loans, alternative financing, and government incentives. Before committing, it’s important to evaluate your borrowing capacity, compare financing terms, and assess the long-term financial impact of your decision.
CHECKLIST
Self Assessment
Assess your borrowing capacity (credit score, home equity, income, debt-to-income ratio).
Assess your funding gap and explore financing options to cover any shortfall.
Explore and Compare Options
Learn about different financing options (traditional loans, ADU-specific programs, alternative financing, government incentives).
Evaluate different financing solutions based on your budget, borrowing capacity, and long-term financial goals.
Compare interest rates, loan terms, and repayment structures.
If planning to rent out the unit, calculate projected rental income and check if lenders will consider it in financing approval.
Application and Consultations
Gather necessary financial documents (tax returns, proof of income, mortgage details).
Consult with lenders, mortgage brokers, or financing specialists to explore options.
Process Map
Explore our Financing Options page to learn about different financing options and the key considerations for each, helping you determine the best fit for your ADU or multiplex project.
Disclaimer
Highline Beta does not endorse, validate, or take responsibility for the accuracy, interpretations, conclusions, or opinions expressed in the featured materials and other content. Users should conduct their own due diligence and seek professional advice where necessary. While Highline Beta strives to ensure accuracy and keep content up to date, financing programs, grants, and regulations may change. We encourage users to consult with qualified financial advisors, lenders, or legal professionals before making any financial decisions.
