Expand. Enhance. Empower.
City of Modesto Accessory Dwelling Unit (ADU) Loan Program.1
Are you a homeowner in the City of Modesto? Unlock your property’s potential with our ADU Loan Program! Whether it’s a granny flat, in-law suite, or backyard cottage, we’re here to help you create more space and add value to your property.
Rates as low as 3.00% APR2
Why Choose Our ADU Loan?
• Up to $50,000 in funding from the City of Modesto
• Fixed Rate and Flexible Terms up to 120-months
• No annual fees or prepayment penalties
• Minimal closing costs: only $500–$750
• Backed by a 100% loan loss reserve fund
Who Qualifies?³
• Property located in the City of Modesto
• Property ownership for at least 6-months
How to Apply
- Obtain City of Modesto permit approval
- Provide contractor’s project quote
- Submit your application online or over the phone
Our team will guide you every step of the way, from pre-qualification to final funding. Don’t miss this opportunity to maximize your property’s potential and make your vision a reality.
Learn More or Apply Today!
Apply online or call (877) 549-4567 to get started.
Valley First Credit Union — Helping You Build More Than Just a Home.
If you are not ready to apply, but have questions, please reach out to eteam@valleyfirstcu.org or call (209) 549-8500 ext 3165.
1 Restrictions apply. Loan terms, including minimum and maximum amounts, repayment options and applicable fees, are subject to program guidelines. Borrowers must meet eligibility requirements, including providing financial documentation. Loan approval is subject to credit and collateral review, with terms, conditions, and rates subject to change. Primary residence must be based in Modesto, CA, with a Modesto zip code.
2 The APR is calculated as the Wall Street Journal Prime Rate at the time of application minus 5.00%, with a minimum rate (floor) of 3.00%. As of December 19, 2024, the prime rate is 7.50%. Please note that the Prime Rate is subject to fluctuations, which may result in a higher APR. Loan programs, rates, terms, and conditions are subject to change at any time without notice. All loans are subject to approval, and applicants must meet membership and account qualifications.
3 Eligibility Requirements for ADU Loan: The homeowner must become a member of Valley First Credit Union ($5 membership fee & $25 share account to be opened). Any resident of the City of Modesto with Modesto zip code is eligible for membership.
See credit union for terms.
How may we help you?