How to Finance Your ADU in Greeley

Compare rates, find local lenders, and discover local grants to fund your backyard cottage or garage conversion in 2026.

Financing Options Comparison

Loan TypeRateMax AmountProsCons
HELOC7.5% - 9.5%Up to 85% LTV
Flexible draws
Interest only period
Variable rates
Requires current equity
Cash-Out Refi6.5% - 7.5%Up to 80% LTV
Fixed rate
Single mortgage
Resets 30yr clock
High closing costs
Construction Loan7.0% - 9.0%Based on future value
Great for low equity
Large loan amounts
Complex draws
Higher rates initially
Home Equity InvestmentNo Monthly PmtUp to $300k
No monthly payments
Easy qualification
Give up future appreciation
Expensive long-term

Local Grants & Incentives in Greeley

Colorado Housing and Finance Authority (CHFA)

CHFA offers below-market financing for housing including accessory dwelling units. If Greeley joins the state's list of ADU-supportive communities, income-qualified Greeley homeowners may gain access to CHFA ADU financing.

Value: Below-market rates

Colorado HB24-1152 ADU Support

Colorado's 2025 ADU law directs state resources and technical assistance toward ADUs in subject jurisdictions like Greeley. A statewide ADU financing or grant path may become available — verify current eligibility with the state and the City of Greeley.

Value: Varies — verify eligibility

Top ADU Lenders Operating in Greeley

Weld Community Credit Union

Local Home Equity Loans & Lines (Weld County)
  • Rates: From 7.0%
  • Max Loan: Subject to LTV

Northern Colorado Credit Union

HELOCs & Home Mortgages for Greeley Homeowners
  • Rates: From 7.25%
  • Max Loan: Subject to LTV

Credit Union of Colorado

Home Equity Loans & HELOCs
  • Rates: From 7.25%
  • Max Loan: Up to 90% LTV

FirstBank

Colorado Construction-to-Permanent Loans
  • Rates: From 7.5%
  • Max Loan: Subject to LTV

Bellco Credit Union

Colorado Home Equity & Renovation Loans
  • Rates: From 7.25%
  • Max Loan: Up to 90% LTV

RenoFi

Renovation Loans Based on After-Renovation Value
  • Rates: From 7.25%
  • Max Loan: $500,000

Compare Greeley ADU loan rates

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