HELOCs now available for homeowners & investors

And they work with the CalHFA ADU Grant.

HELOCs for homeowners:

• Up to 90% combined loan to value

• $500,000 maximum

• Interest-only for 10 years

• Amortized over 30 years

• No prepayment penalty

• Only pay on what you use

HELOCs for investors

• Up to $250,000

• Draw period 5 years

• Repayment period 10 years

• 1-4 unit properties

Additional restrictions apply, but our clients are very happy with these options to build their ADU as an alternative to refinancing their primary mortgage.