FHA /HUD new rule about ADU’s

Lauren Hatmaker

November 3, 2023

Uncategorized

FHA and the Department of Housing and Urban Development announced a brand new policy this week:

FHA borrowers can now use ADU (accessory dwelling unit) income to qualify for a new mortgage.

This change is effective immediately.

We are excited to see this change. It will allow working-class homeowners and first-time buyers to build intergenerational wealth AND increase the housing supply which is sorely needed.

This works for:

  • A home you already own, without an ADU, and you want to add an accessory dwelling unit.
  • A home you want to buy that has an ADU that is currently unrented.
  • A home you want to buy and you want to add an accessory dwelling unit or convert a garage or shop to an ADU.

If you want to find out what you can do, call us today – WE MAKE IT EASY!

NMLS 1433297

WebSized Eugene

Lauren Hatmaker
Direct: 541-510-8428
Office: 541-972-8620
NMLS 1433297
Lauren@EugeneBrokers.com
www.EugeneMortgageBrokers.com