What if I don’t have a lot of money available right now to build an ADU?

If you have equity in your home, a cash-out refinance or home equity loan/line of credit (HELOC) might work for you. Financing is typically unavailable for homeowners with lower income and insufficient home equity, but in the past the California Housing Finance Agency (Cal HFA) ADU Program has provided a grant of up to $40,000 to qualified homeowners – check their website for the most up-to-date information. Local financial agencies may also offer financing support or specialized loans, such as the San Mateo Credit Union.