Accessory Dwelling
Units (ADUs)

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Are you thinking about expanding your home to include an accessory dwelling unit (ADU)? We’re here to help. Talk to one of our experienced mortgage specialists about financing.

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What is an ADU?
An accessory dwelling unit (ADU) is a smaller, independent residential unit located on the same lot as a stand-alone single-family home. They are designed to be smaller and separate from the primary dwelling with their own entrance, kitchen, bathroom, and sleeping area.

What are the benefits of an ADU?

  •  Increasing your property value
  • Additional source of rental income
  • Additional living space
  • Multi-generational living
  • On-site care-giving
 

Over the Garage ADU

Garage Conversion ADU

 

Basement ADU

Stand Alone ADU 

How do I pay for an ADU?
You can finance an ADU with a home equity loan. We have solutions when you need answers. Ask US about financing assistance programs. Experience matters and we’re here to help you find the right mortgage to fit your situation. Our Mortgage Specialists are available at a mutually agreeable time at the office location most convenient for you.

Our home equity loans include:

  • No application fee
  • No annual maintenance fee
  • No prepayment penalty
  • Interest may be tax-deductible*
  • Award-winning customer service
  • 173 years of serving the community

Certain conditions apply. *Please contact your tax advisor to determine eligibility for a tax deduction.

FAIR LENDING STATEMENT:
Ulster Savings Bank is committed to making high quality banking and credit services available to all applicants consistently and in compliance with fair lending laws and within the confines of safe and sound banking practices. Ulster Savings Bank believes that its commitment to fair lending is a good business practice as well as a basic responsibility of the company. The Bank’s success at serving a wide range of consumer and business customers is essential to the economic welfare of the community in which it conducts business and to the continued growth and vitality of the company.

24/7 Debit Card Support: 866-440-0392
Calls from 800-262-2024 are from our fraud monitoring provider Enfact.
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