Where affordable housing is scarce, Accessory Dwelling Units  (ADUs) may be the answer. Here’s what you need to know about today’s version of the in-law suite.

An Accessory Dwelling Unit is simply defined as a smaller, independent residential dwelling unit located on the same lot as a stand-alone single-family home. Regardless of its physical form, it’s legally part of the same property as the main home. It can’t be bought or sold separately. The owner of the ADU is the owner of the main home. For homeowners that are considering building an Accessory Dwelling Unit (or ADU), one of the biggest hurdles is often financing the construction.


First Citizens’ ADU Loan offers many financing options for different ADU scenarios,

  • Fixed Rate
  • 80% LTV Maximum
  • Owner Occupied
  • 640 Minimum FICO
  • 45% Maximum Debt to Income Ratio
  • Flexibility to use Accessory Unit Rental Income to qualify
  • Flexibility to use Assets as apportioned income to qualify

So how do you get an ADU loan started?

Contact your local lender today!