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HOUSING AND COMMUNITY DEVELOPMENT DEPARTMENT RESIDENTIAL LENDING AND REHABILITATION SERVICES 250 FRANK H. OG AWA PLAZA, SUITE 5313 OAKLAND, CALIFORNIA 946122034 ADULP@oaklandca.gov https://www.oaklandca.gov/resources/accessorydwellingunitloanprogramRESIDENTIAL
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How to fill out accessory dwelling unit loan

01
Research different lenders and compare their loan terms and interest rates for accessory dwelling units.
02
Gather all necessary documentation such as proof of income, credit history, and property details.
03
Fill out the loan application form accurately and completely.
04
Submit the application along with all required documents to the lender for review.
05
Wait for approval and discuss the loan terms with the lender.
06
Once approved, sign the loan agreement and complete any additional paperwork.
07
Use the loan funds to build or renovate the accessory dwelling unit.

Who needs accessory dwelling unit loan?

01
Homeowners who want to add an accessory dwelling unit to their property.
02
Property owners looking to increase rental income by creating a separate living space on their land.
03
Individuals who want to provide housing for family members such as aging parents or adult children.
04
Investors interested in expanding their rental property portfolio with accessory dwelling units.
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An accessory dwelling unit loan is a type of financing specifically designed for constructing or renovating secondary living units on residential properties.
Property owners who are planning to build or renovate an accessory dwelling unit on their residential property are required to file for an accessory dwelling unit loan.
To fill out an accessory dwelling unit loan, property owners must provide information about the project, the property's value, their income and credit history, and any other related financial documents.
The purpose of an accessory dwelling unit loan is to provide financial assistance to property owners who want to add a secondary living unit on their property.
Information such as project details, property value, income, and credit history must be reported on an accessory dwelling unit loan.
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