FHA Greenlights Inclusion Of ADU Rental Income For Mortgage Financing – National Mortgage Professional

The Federal Housing Administration (FHA) under the U.S. Department of Housing and Urban Development (HUD) has unveiled a groundbreaking policy to bolster housing affordability and increase homeownership opportunities. According to the press release, lenders can now include rental income from Accessory Dwelling Units (ADUs) when assessing mortgage applications. ADUs are smaller housing units located on […]

El Cajon approves $600000 for ADU loan program to increase affordable living options – The San Diego Union-Tribune

El Cajon has approved a new loan program to help homeowners build accessory dwelling units as long as they lease them at affordable prices to those with a moderate income. The $632,109 loan program — unanimously approved last month by the City Council — will help El Cajon homeowners build accessory dwelling units — or […]