NPHS Factory-Built ADU Financing Program
An Affordable Eco-Friendly Solution
Today’s factory-built ADU’s are hand crafted in dedicated home building facilities, staffed and supervised by professional teams in a secure environment. Homes are built indoors (meaning no weather delays) and factories allow for a greater degree of quality control for each home built. These facilities can build homes in a much faster and more cost-effective way than traditional home builders-meaning less cost for your new home.
Advances in offsite construction housing technology have made factory-built homes a more appealing ADU option on many levels. This innovation offers customizable, energy-efficient, quality homes built faster, less expensive, and constructed using environmentally friendly building techniques.
- Available to income-qualified homeowners who are ready to purchase a Factory-Built ADU for their primary residence
- Up to $100,000 available for the purchase and installation of a Factory-Built ADU
- Rates as low as 5.99% APR and subject to enrollment in ACH withdrawal for payments. Non enrolled homeowners will have a 7.25% APR.
- 20-year loan term
- No pre-payment penalty
- Homeowner must have submitted approved plans to their local municipality for approval of construction and connected with a licensed contractor to get project estimates.
- NPHS will provide financing for the Factory-Built ADU purchase along with any other construction related costs up to $100,000
- CLTV not to exceed 85% at completion of project
- Borrower must have a minimum credit score of 620
- Families earning at or below 80% of the HCD household income limits for San Bernardino/Riverside/Los Angeles County
Household SIze | Riverside/San Bernardino County | Los Angeles County |
---|---|---|
1 | $49,300 | $66,750 |
2 | $56,350 | $76,250 |
3 | $63,400 | $85,800 |
4 | $70,400 | $95,300 |
5 | $76,050 | $102,950 |
6 | $81,700 | $110,550 |
7 | $87,300 | $118,200 |
8 | $92,950 | $125,800 |
Factory-Built ADU Financing Workflow
CalHFA – California Housing Finance Agency
