Home Equity Line of Credit (HELOC)
A HELOC is one of the most common ADU financing methods for homeowners who have built equity. You borrow against your home's value and draw funds as you need them. You only pay interest on what you use.
Know Your ADU Financing Options Before You Break Ground
Discover the right financing solution to bring your vision to life.
There Are More Options Than You Think
ADU Financing in Atlanta: Loan Options Explained
ADU financing is one of the first questions most Atlanta homeowners ask. The good news is that you have real options, and you don’t need the full amount in savings to break ground. Most homeowners fund their build using the equity they’ve already built in their home. Others use a renovation loan or a personal loan from a lender. The right path depends on your equity, your credit, and how soon you want to start. Contact us if you’d rather talk through your project before looking at loan options.
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RenoFi: Our Preferred ADU Financing Partner
- No Impact on Credit to Apply
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- Terms up to 20 Years
- Every $50k as low as $358/month
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Flexible ADU Financing for Every Budget
ADU Financing Options Breakdown
Building an ADU can be a major investment, but with the right financing option, your dream space is more attainable than ever. Here are common ADU financing options.
ADU Bridge Loan
Bridge loans let you borrow upfront before your equity exists. Once your ADU is finished and your property value increases, you pay off the bridge loan with a cash-out refinance or HELOC. This ADU financing path works well for homeowners who don't have enough equity today but will after construction.
Cash-Out Refinance
This ADU financing option allows you to refinance your existing mortgage and use the equity to pay. It’s a great option for homeowners with significant equity and favorable interest rates. It works best for homeowners with strong equity and a long remaining loan term.
Renovation or Construction Loan
If you have less equity, a renovation or construction loan may be the right fit. These loans are based on your income and credit rather than your home's value. They tend to have stricter requirements, but aren't equity-based.
Other ADU Financing Options
Personal loans, private lenders, and retirement account funds are additional options some homeowners use. These tend to work better as a complement to a primary ADU financing loan rather than a standalone solution.
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