 ADU count to unit count? (by Laker Lori [CA]) Feb 19, 2021 8:00 PM
 ADU count to unit count? (by WMH [NC]) Feb 19, 2021 8:06 PM
ADU count to unit count? (by Oregon Woodsmoke [ID]) Feb 20, 2021 3:01 PM
ADU count to unit count? (by WMH [NC]) Feb 20, 2021 3:23 PM
ADU count to unit count? (by TA [CA]) Feb 22, 2021 7:06 AM
ADU count to unit count? (by Laker Lori [CA]) Posted on: Feb 19, 2021 8:00 PM
Message:
Does adding an ADU count as a unit... such that it can make a 4 unit bldg into a 5... thus making it need a commercial mrtg?
--68.5.xx.xxx |
ADU count to unit count? (by WMH [NC]) Posted on: Feb 19, 2021 8:06 PM
Message:
In our area, an ADU can only be added to a SFH. --50.82.xxx.xxx |
ADU count to unit count? (by Oregon Woodsmoke [ID]) Posted on: Feb 20, 2021 3:01 PM
Message:
Guessing, but basically you are adding another unit to a multi-unit and it is going to count as a unit.
I suggest that you get in contact with a good local banker and ask him about how his bank would regard it. His opinion is the only one that counts when you go to refinance. --76.178.xxx.xxx |
ADU count to unit count? (by WMH [NC]) Posted on: Feb 20, 2021 3:23 PM
Message:
And it must be smaller than the main dwelling, can't exceed 900 square feet - or be smaller than 300 square feet - must be stick built (no pre-fab or trailers, although you can add an ADU to an existing trailer.) --50.82.xxx.xxx |
ADU count to unit count? (by TA [CA]) Posted on: Feb 22, 2021 7:06 AM
Message:
There is a good argument it is still a fourplex with an ADU, not a commercial property. For zoning and most other purposes, a single family with an ADU is still a single family, not a duplex. But that isn't really the question.
Fannie mae and freddie mac generally doesn't lend on 2-4 units with ADU, even if they would lend on a 3-4 unit, even if they are legally not a commercial property.
But AB 1069 explicitly allows ADU on multifamily, before 2019 this generally wasn't allowed, almost all of these were illegal or unpermitted. So there isn't a lot of info yet. That guideline could have changed recently. I think you would need to check with the lender on this, or pursue non conforming or portfolio loans.
--158.51.xx.xx |
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