Insight
The ADU update includes major improvements to HomeStyle Renovation loans; up to 50% of renovation costs can be disbursed at closing.
Fannie Mae Just Made It Easier to Invest in ADUs—Here’s What That Means For Investors
Summary
Fannie Mae has expanded financing options for accessory dwelling units (ADUs), allowing homeowners and investors to add rentable units. Hosts can now finance up to four units on a property, including ADUs, and potentially increase revenue. Before investing, hosts should verify zoning compliance and assess ADU costs.
Key takeaway