Unlock the Potential of Your Property with an ADU Loan
HomeFast ADU Loan Features
An ADU (Accessory Dwelling Unit) doesn’t just add space—it adds value. With the right financing, your property’s potential starts here.
- 12-Month Introductory Rate
As low as 5.99% APR then 7.00% APR thereafter* - Term and Loan Amount:
25-year fixed-rate loan with interest-only payments in the first year, and loan amounts ranging from $25,000 to $500,000. - Eligible Properties:
Owner-occupied, secondary, and investment single-family homes located in California - Quick Approval & Funding:
Fast turnaround with approved plans and permits
Explore our ADU financing options and find the right solution for your property.
*Offer of credit subject to credit approval and must meet eligibility criteria. The rate, terms and conditions as stated in the members’ Home Equity Agreement will apply. Contact the credit union for complete details. Origination fees, ranging from $700 to $1,300, are deferred unless the loan remains open for three or more years, at which point the deferred origination fees are waived. Property insurance is required. Approved construction plans and permits must be submitted before funds are released. Limited time offer. May be changed or terminated without prior notice.
Membership requires a one-time non-refundable $5 fee.
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Transform Your Property with These ADU Ideas
1. Garage Conversion: From Storage to Stylish Studio
- Turn unused garage space into a modern rental unit
- Ideal for in-laws, guests, or passive income
- Quick build with minimal structural changes
2. Backyard Cottage: Your Private Retreat Steps Away
- Detached ADU perfect for privacy and independence
- Great for aging parents or adult children
- Adds charm and value to your backyard
3. Basement Apartment: Hidden Potential Below
- Convert your basement into a cozy living space
- Maximize square footage without expanding footprint
- Ideal for long-term rentals or multigenerational living
4. Above-Garage Suite: Elevate Your Living Space
- Build a stylish unit above your existing garage
- Perfect for urban lots with limited space
- Adds vertical value to your property
5. Home Office ADU: Work-Life Balance Reimagined
- Create a quiet, dedicated workspace steps from home
- Ideal for remote professionals and entrepreneurs
- Can double as guest space when needed
6. Rental-Ready ADU: Income That Lives Next Door
- Design with tenants in mind—private entrance, full kitchen
- Offset mortgage costs with monthly rental income
- Compliant with local rental regulations
7. Accessible ADU: Aging in Place with Dignity
- ADA-compliant design for mobility and safety
- Ideal for elderly family members or caregivers
- Future-proof your property for changing needs
Why Choose Meriwest for Your ADU Loan?
- Local Expertise, Tailored Solutions
We understand the unique challenges and opportunities of building ADUs in the Bay Area. Our loan programs are designed specifically for California homeowners, with flexible terms that fit your budget and timeline. - Fast, Hassle-Free Approval
With approved plans and permits, you can expect quick turnaround times—often within 7–14 business days. We streamline the process so you can focus on building, not paperwork. - Competitive Rates & Flexible Terms
Enjoy long-term fixed loans with interest-only payments in the first year. Whether you're converting a garage or adding a backyard cottage, we offer financing that adapts to your needs. - Trusted by Bay Area Homeowners
As a member-owned credit union, we prioritize your financial well-being. Our team is committed to helping you unlock the full potential of your property with confidence. - Support Beyond the Loan
From permitting guidance to understanding local zoning laws, our experts are here to support you every step of the way.
People Usually Ask
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What is an ADU loan?
An ADU loan is a financing option specifically designed to help homeowners build or convert a space into an Accessory Dwelling Unit—such as a backyard cottage, garage conversion, or basement apartment. These loans can be tailored to cover both ADU construction costs and permitting expenses, making them ideal for homeowners looking to expand their property.
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Who is eligible for an ADU loan?
Eligibility typically includes:
- Owning a single-family home
- Meeting minimum credit score requirements
- Having sufficient income and equity
- Complying with local zoning and building regulations
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Can I use the loan for both construction and permitting costs?
Yes! ADU loans can cover:
- Architectural and engineering fees
- Permits and inspections
- Construction and materials
- Utility hookups and landscaping
If you're exploring ADU financing options, be sure to ask lenders whether they include soft costs like design and planning in their packages.
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How long does it take to get approved?
Approval times vary, but most applicants receive a decision within 7–14 business days after submitting all required documentation. Some lenders offer fast-track ADU loan approval for qualified borrowers.
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Will building an ADU increase my property value?
Yes, ADUs often increase property value and can generate rental income, making them a smart investment for many homeowners.
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Are there any restrictions on renting out my ADU?
Local regulations vary. Some cities allow short-term rentals, while others require long-term leases or owner occupancy. Check with your local planning department before you apply for an ADU loan to ensure your project aligns with local rules.
Join Our Family!
Membership is required for Meriwest products and services. You are eligible to join Meriwest Credit Union if any of the following applies:
- You live, work, worship, or attend school in Alameda, Contra Costa, San Francisco, San Mateo and Santa Clara counties of Northern California, and Pima county of Arizona.
- You are an employee of a participating Meriwest Credit Union member company.
- You are a relative of or reside with a current member of Meriwest Credit Union.
- If you don’t meet any of the requirements above but live in California or Arizona, you can still join Meriwest with a complimentary membership in the Financial Fitness Association. Call 1-877-637-4937 to learn more.
