For example, you could buy a home in Sacramento, CA, for $200,000 with an LTV ratio of 96.5%, meaning you couldn’t borrow more than $193,000, making $7,000 (or 3.5% of the home’s purchase price) your minimum down payment. With a score of less than 580, you’ll need a lar...
Keywords: California; cities; low-income housing; accessory dwellings; granny flats; in-law units 1. Introduction In 1982, California mandated accessory dwelling units (ADUs) as suitable housing for seniors, college students, and low-income households [1]. ADUs (also known as granny flats, in-...