ADU Finance Guy
Welcome to all who are considering the construction of an Accessory Dwelling Unit (ADU). I am a dedicated finance professional who has developed proven strategies to finance ADUs.
If you have a goal to build an ADU and are curious about your options for financing, you're in the right place!
***This website is for informational and education purposes, not a solicitation for financing.***
Charles Edington
ADU SPECIALIST / FINANCE STRATEGIST
(801) 819-3125
Email:
Phone:
FINANCING OPTIONS
Home Equity Line of Credit (HELOC)
Home Equity Loan
Traditional Mortgage
Home Equity Agreement
1st or 2nd Lien secured to your property
10-Year Draw Period, 20-Year Repayment Period
Only Pay Interest on Drawn Funds
Interest-Only Payments available, Variable Interest Rate
Ability to borrow against the FUTURE value post construction
1st or 2nd Lien secured to your property
5 to 20-Year Terms
Fixed Rates
Refinance or Renovation Loan
10 to 30-Year Term
Fixed Rates
Renovation Loans allow borrowing against FUTURE value
Trade Equity for Cash, Lien on Property
NOT a Loan
No Payments Required
Pay the agreement back in 10 years via sale, refinance, or cash
ABOUT
Charles Edington has been an active member of the mortgage and home improvement lending community since 2002. He is a licensed Mortgage Loan Officer (NMLS # 272063) with Primary Residential Mortgage and National Account Manager with Loanstar Technologies. After decades of mortgage origination, funding thousands of loans, Charles has specialized his business towards ADU construction, remodels, and home improvement. Charles gained his ADU Specialist designation in 2022 from the ADU Academy and is now an instructor for the Academy. Charles is also a member of the Tiny Homes Industry Association and is the Financial Expert for the "How to ADU" Facebook community which has grown to over 114,000 members.
Charles prides himself on his ability to provide financing solutions unique to the individual or family who has a goal to build an ADU. There is no one-size-fits-all solution. Across his many relationships with banks, credit unions, and private lending institutions, Charles has a broad offering of programs suited for ADU construction.