Construction Loans
Home Equity Loan for ADU Construction
Yes, you can use a home equity loan to build an ADU (accessory dwelling unit) in 2026. An ADU is a smaller second home on your property, like a backyard cottage, garage conversion, or basement apartment. Home equity loans give you a lump sum with a fixed interest rate and fixed monthly payment (5-30 year ... Read more
Home Building Loans Guide
Building your own home in 2026 costs an average of $436,700 per NAHB data, and specialized construction financing exists to fund exactly that. Home building loans work differently from traditional mortgages: funds disburse in stages tied to construction milestones, you pay interest only during the 6-24 month build period, and rates run 7-10% APR during ... Read more
