Banks and Credit Unions

If a homeowner does not already have a home equity line of credit, finding financing for an accessory dwelling unit project can be challenging. That’s because most financial institutions will not consider future rental income for loan qualification. However, the forward-thinking banks and credit unions below will consider future rental income when assessing a homeowner’s credit worthiness.

North Bay Credit Union, the oldest credit union in the North Bay area, provides home equity loans for accessory dwelling unit construction up to $50,000. NBCU supports the growth of affordable local housing and will work with homeowners to create a financing solution with terms and rates that are within their budget. Future income to be generated by the rental of the unit may be used in qualifying for the loan. Call 707-584-0384 or visit