Renovating your home? Here's how to apply for a home equity loan
Realizing that it’s possible to turn your current home into a home you love is a great feeling. Discovering the smartest way to do it is even better. Once you know how to qualify for a renovation home equity loan, it’s time to gather everything you need to apply.
Utilize our helpful checklist with all items you need to apply for a renovation home equity loan and get ready to make that dream home of yours a reality.
Items Required for All Home Equity Loans:
Items Specific to a Renovation Home Equity Loan:
As you collect each documentation required for your renovation home equity loan application, we’re here to answer any questions you may have. Contact RenoFi as you prepare for the next step toward your dream home.
Other information you may be interested in...
- How to Qualify for a Home Renovation Loan - Did you recently discover that a renovation home equity loan is the best way to fund your renovations? We’ll walk you through the key factors that lenders consider, so you know what to expect when you apply.
- What do I need from my contractor to apply for a home equity loan? - Just like no two contractors are exactly the same, neither are their contracts or proposals. And at RenoFi, we’ve seen them all. But in order for us to help put you on the best path to a home you love, there are a few submission requirements necessary in every contract and every proposal/detailed estimate from your contractor that you should know.
- Ways to Raise Your Credit Score Quickly - If a low credit score is preventing you from getting approved for a home loan, there are a few things you can do to bring it up pretty quickly. Depending on what items on your credit report are holding you down, these are some of the fastest strategies to boost your score.
- Why are Fannie Mae Homestyle loans better than FHA 203Ks when renovating? - We walk through the notable differences that make Fannie Mae Homestyle Renovation loans the better choice over an FHA 203K for many homeowners when planning to finance a renovation.
- 3 Reasons Why You Shouldn’t Rely On An FHA 203K Loan for Purchasing & Then Renovating - Before you jump into an FHA 203K loan to finance the purchase and renovations of your new home, you should hear how this once very popular option actually kinda sucks in today’s market. We’ve got three reasons for you.