Patelco Home Loans

Dream it, build it!

Our short-term ADU HELOC (Accessory Dwelling Unit, Home Equity Line of Credit) is specifically designed to help homeowners tap into their equity to build an accessory dwelling unit (ADU) or to renovate their home.

Unlike our traditional HELOC which allows you to borrow up to 90% of your home's current value (minus any amounts owed), an ADU HELOC allows you to use up to 125% of your home's current value and 90% of the after-renovation value (minus any amounts owed). We will also consider any projected rental income from the ADU to help you qualify for the loan.

Another benefit is that you do not have to refinance or risk losing a low fixed rate on your first mortgage. The ADU HELOC acts as a second mortgage, and your existing first mortgage terms, rate and payment will remain untouched.

Whether you're planning a major remodel or want to add more value to your home by building an ADU for your family, we can help.

Financing is just one part of the construction process, but it's extremely important.