Get Your Second Home
with Less Down
Combo Loans Made Easy!
Dreaming of a second home? With our Combo Loan program, you can finance your second property with as little as 10% down—no PMI required. Combine a conventional mortgage with a second loan to make your dream a reality. We make it simple so you can enjoy the getaway home you’ve always wanted!
Freddie Mac Requirements:
- ADU must have an outside/separate entrance.
- ADU and main living area must be separated by a door or wall.
- ADU must include a kitchen (microwave accepted in lieu of stove/oven) and a bathroom.
- Borrower must reside in the main living area to utilize ADU income.
Using Rents
- Order a 1007 along with the appraisal order and instruct the appraiser to assess rents for the ADU only.
- Ensure all criteria are met before the appraisal inspection, coordinating with the real estate agent.
ADU Income Placement
- Unlock new possibilities for your borrower’s mortgage journey with ADU income. Contact us today to learn more and maximize their financial opportunities!
Important Note
- Freddie Mac restricts ADU income usage to not exceed 30% of qualifying income.
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“You’re one step closer to owning your dream home!”