It's Now Easier to Own A Home With Accessory Dwelling Units (ADUs)

We have some great news to share that could significantly impact your path to homeownership. Mountain West Financial is pleased to announce an important policy change by the Federal Housing Administration (FHA) that introduces a valuable opportunity for you - Accessory Dwelling Units (ADUs).

Why This Policy Matters

ADUs offer a practical solution for homeownership. These small, separate living spaces within your property, like a granny flat or a basement suite, can now be factored into your mortgage application, thanks to the FHA's new policy. This can potentially provide you with more financial leverage, making your dream home more accessible.

How It Benefits Homebuyers

Let's take a closer look:

  1. 75% Rental Income Consideration: For eligible borrowers, up to 75% of the estimated rental income from an existing ADU can be included when applying for an FHA-insured mortgage. This additional income can significantly impact your qualification.

  2. Accurate Appraisals: FHA is implementing specific appraisal requirements for ADUs. This means that appraisers will now take into account the unique characteristics of your ADU and estimate its rental value accurately. This ensures a fair valuation for your property.

  3. Starting Fresh: If you're building a new home, you can now include ADUs in your FHA mortgage for new construction. This offers an excellent opportunity to create a living space tailored to your needs.

Why Choose Mountain West Financial

At Mountain West Financial, we're not just mortgage brokers; we're your partners in the home-buying process. Our team is dedicated to making your dream of homeownership a reality. With years of experience, industry knowledge, and a commitment to your success, we're here to guide you through every step of the process.

Here's what sets us apart:

  • Personalized Solutions: We understand that every homebuyer is unique. That's why we tailor our services to fit your specific needs and financial goals.

  • Transparent Process: We believe in clear communication and transparency. You can trust us to provide you with straightforward, honest advice.

  • Industry Expertise: Our team stays updated on the latest industry trends and policies to provide you with accurate and relevant information.

  • Local Knowledge, Global Perspective: With a strong local presence, we have a deep understanding of the communities we serve. This allows us to offer insights into your area's real estate market.

  • Your Success is Our Priority: Your dream of homeownership is our priority. We're dedicated to helping you achieve it.

Get Ready to Own Your Future!

Are you ready to explore how ADUs can enhance your path to homeownership? Contact us today. 


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.