I’ve been stalking the forums for any and all information and hoping some of you might have some insight or tips. My husband and I are looking to either build an ADU (accessory dwelling unit) or a large guest addition to our house here in San Diego. Contractors are quoting us $90-$150k. Is it completely unrealistic to think we could get a $70-$100k unsecured personal loan? The unit itself once complete will be rented out to my mother for $1600/month.
Credit Scores are about 740
No negatives, no lates...nada
Husband has an array of closed/paid accounts -cars, trucks, RV, boat, real estate.
Currently...
Mortgage $433k
2nd Mortgage $25k
Credit Cards $0 balances (pay them down each month), $37k total available
Car $33k
Student loan $11k
$80k salary with solid employment
