Finance an Accessory Dwelling Unit

Craft3 ADU Loans

Finance your accessory dwelling unit with a Craft3 ADU Loan.

Financing to Fit

Borrow up to $250,000 to cover design, permitting and construction. Perfect credit not required.

Simple Terms

No upfront fees and no prepayment penalties. Fixed interest rates, with reduced rates for qualified lower-income applicants.

Convenient Repayment

Make automated payments directly from your bank account.

Craft3 ADU Loans

Experience and Dedication

In most cases, our ADU loans require no down payment, can finance the entire cost of a project, and reduced rates are available for qualified lower-income applicants. There are few restrictions on how you use your completed ADU and it can be attached or detached to your main house.

Very few banks or credit unions offer ADU loans and those that do typically require greater equity and more substantial down payments. Craft3 recognized a need and saw the potential benefits.


  • Residential properties in Multnomah, Washington, and Clackamas Counties, Oregon
  • Owner-occupied, single family residences or residences of a family member of the property owner*

*Craft3 can offer our ADU loan products on Non-Owner Occupied properties when a resident in either unit (primary residence or new ADU) is (or will be) family of the property owner. Family is defined as: Parent, Grandparent, Children, Sibling, Aunt, Uncle, Cousin (in-laws and stepfamily members are included).

Rates & Terms

  • Fixed interest rates, with reduced rates for qualified lower-income applicants


  • Borrow up to $250,000. Loan can cover design, permitting and construction.
  • No income restrictions
  • Borrow up to 100 percent of project cost
  • Convenient repayment directly from your bank account
Household Income
Interest Rate
At or Above 100 percent
Portland Area Median Income (AMI)**
6.49% (6.68% APR*)
$130,000 loan at 6.68% APR.
240 payments of $968 per month.
Below 100 percent
Portland Area Median Income (AMI)**
5.49% (5.68% APR*)
$130,000 loan at 5.68% APR.
240 payments of $908 per month.

*APR, Annual Percentage Rate based on example loan criteria.
**Portland AMI (Area Median Income) as defined by the City of Portland
Loan availability, terms and conditions are current as of 05.15.2023 and are subject to change. 1% 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 $800. Actual APRs for individual loans may differ.

Financing Your ADU with Craft3

Craft3 supports homeowners every step of the way. The order can vary, but here are some important steps in the process:

Get Started TodayIniciar

Develop your project with a builder.


Discuss your project with Craft3 or get started by completing an online application.


Securely sign your electronic loan documents. By request, document signing is also available by mail.


When your loan is approved and your design finalized, your contractor can get to work.


Repay your loan with automated payments from your bank account.

Additional Resources

The brochure explains the Craft3 ADU Loan program for homeowners.

Download this ADU Loan FAQ that answers the questions most commonly asked.

Customer Stories

Building an ADU and a nest egg

Craft3 was able to give us a loan when we’d exhausted other options. It means a lot to us. We’re focused on building a little nest egg and we worked hard to make this project happen.

Our Lending Model

When you repay your loan, we use that money to make other loans. This allows us to serve more homeowners. Over time, this makes a big difference for communities, local economies and the environment.

Our Team

“I love numbers! But I never forget that behind every application I review there’s a person that deserves careful and personalized attention.”

Nicole Gerke
Consumer Credit Underwriter, VP