HELOC, construction loans, and manufactured housing financing are the three main paths. Here is how each works.
Monthly payments depend on the total financed amount, loan term, your credit profile, and the financing program. Contact Boxabl to get payment estimates based on your situation.
If you own your home and have equity, a HELOC lets you borrow against it to fund the ADU. Interest is often tax-deductible on primary residences. Approval depends on your equity, credit score, and income.
A short-term loan that funds both site work and the unit purchase. Typically converts to a permanent mortgage or is paid off at completion. Requires a licensed contractor and permits in place before draw.
The Casita is HUD-certified, which makes it eligible for loan programs designed for manufactured homes. Chattel loans cover the unit itself; land-home loans package the unit with the land. Terms and availability vary by lender.
Most programs require 620 or above.
HELOC programs typically require 15-20% equity in your primary residence.
Lenders assess your total monthly obligations against your income.
Some programs require the unit to be on a permanent foundation and titled as real property.
Apply through Boxabl's financing partners. You will submit a loan inquiry, receive preliminary qualification, and get financing in place before or alongside your unit order.