ADU Loans

Loans for Accessory Dwelling Units (ADUs)

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.

Lastly, if you're not looking for a loan but would like to stay in-touch about our work on ADUs, you can 'Subscribe To Updates' below.

Craft3 ADU Loan*

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!

  1. Develop a project with your builder
  2. Discuss your project with Craft3; get started using the 'I Want Financing' button above
  3. Complete a loan application
  4. Submit your documents
  5. Receive a decision and finalize the design of your project
  6. Sign your loan documents
  7. Build your ADU
  8. Repay through your bank account

Rates & Terms
Annual Household Income Interest Rate
Examples
At or Above 100 percent
Portland Area Median Income (AMI)
6.49%
(6.68% APR)
$130,000 loan amount,
$984 for 240 months
Below 100 percent
Portland
5.49%
(5.68% APR)
$130,000 loan amount,
$908 for 240 months
Backhome ADU Loan**

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.

  1. Develop a project with Backhome ADU
  2. Discuss your project with Craft3; get started using the 'I Want Financing' button above
  3. Complete a loan application
  4. Submit your documents
  5. Receive a decision and finalize the design of your project
  6. Sign your loan documents
  7. Build your ADU
  8. Repay through your bank account

Rates & Terms
Annual Household Income Interest Rate
Examples
All Incomes 3.49%
(3.66% APR)
$130,000 loan amount,
$772 for 240 months

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.