RenoFi Loan Requirement Checklist
Renovating your home? Here's how to apply for a RenoFi loan
We’ve created a helpful checklist for you to help you gather all items you need to apply for a renovation home equity loan, so you can get started on those home improvements and make your dream home a reality.
Items Specific to RenoFi Renovation Home Equity Loans:
Items Required for All Home Equity Loans:
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.
Top Ten Reasons Homeowners Don’t Qualify for a RenoFi Loan
Will your RenoFi Loan application be approved by a lender? Here’s a list of the most common reasons homeowners are unable to qualify for a RenoFi Loan, as told to us by lenders offering RenoFi Loans.
- Your FICO score is too low.
- Your Debt-to-Income (DTI) ratio is too high.
- Your renovation is for an investment property or titled in an LLC.
- Your property is in Texas.
- You’re renovating a second home.
To learn more and see the full top 10 list of most common reasons why homeowners don’t qualify, click here.