If you live in Multnomah, Washington, or Clackamas County, Oregon, Craft3 can help finance the construction of your detached or attached-Accessory Dwelling Unit - also known as a mother-in-law or backyard cottage.
We currently offer two different ADU products, each designed to provide affordable and convenient financing that allows you to invest in your property and make a lasting impact on your community. Once you’re ready to get started, click the 'I Want Financing' button. One of our loan officers will reach out within two business days to discuss your project and financial circumstances.
Beginning in 2019 on a more-limited basis, Craft3 began offering affordable financing for homeowners seeking to construct an Accessory Dwelling Unit. We’re excited to now offer our ADU Loan throughout Multnomah, Washington, and Clackamas County, Oregon. We’d love to help you!
Craft3 is the preferred financing partner of BackHome ADU, a regional nonprofit that is dedicated to confronting the affordable housing crisis, one backyard at a time. Visit BackHome ADU to learn more about how it works with homeowners.
APR, Annual Percentage
Loan availability, terms, and conditions current as of 12/01/20 and are subject to change. One percent origination fee of loan amount and appraisal costs apply. Property insurance required. Flood insurance may be required. All loan applications are subject to credit, property, and project approval. Examples and APR includes the approximate cost of prepaid finance charges, including a $1,300 origination fee and third-party costs of $700. Actual APRs for individual loans may differ.
*Portland AMI (Area Median Income) as defined by City of Portland https://www.portlandoregon.gov/phb/74375 .
**Homeowners must be participants of Backhome ADU to receive a Backhome ADU Loan. Backhome ADU loan amount not to exceed $150,000.
Craft3 is an equal opportunity lender and employer. NMLS ID 390159 NMLS Consumer Access.
The completion of an application does not guarantee loan approval or receipt of loan funds.
Craft3 is a 501(c)(3) and all donations are tax deductible. EIN 91-1662698.
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