Craft3 offers affordable financing for homeowners seeking to build Accessory Dwelling Units (ADUs). With few options for ADU financing, Craft3 recognized a need and saw the potential benefits. ADUs can build wealth, create in-fill housing, reduce displacement, and enhance neighborhood resilience. Our ADU loan is designed to be more accessible for lower-income home owners and to be an attractive alternative to financing through a home equity loan, home equity line of credit (HELOC), or a construction loan.
If you’re interested in building an ADU and you live in Multnomah, Washington, or Clackamas County, Oregon, we’d love to help you finance it!
Our ADU Loans are designed to work for as many homeowners as possible.
Borrow up to $250,000 to cover design, permitting and construction.
And no pre-payment penalties. Fixed interest rates, with reduced rates for qualified lower-income applicants.
While we consider your ability to repay the loan, you don’t need perfect credit to be approved.
Make automated payments directly from your bank account.
Our loans are accessible to many homeowners, including those without perfect credit. And you won’t be charged a higher interest rate if you have a lower credit score. Rates and terms are determined by applicants’ annual household income.
Our ADU Loans are available for:
The order can vary, but here are some important steps in the process:
You can let us know you’re interested in an ADU loan by completing this online form. Or give us a call and we can walk you through our financing options and answer any questions you may have, 888-231-2170 ext 255.
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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