Renovation Loans
Guides
Free home repair grants for senior citizens are provided by government agencies, nonprofits, or private groups to assist older adults with home repairs.
Discover home improvement loan options to upgrade your home. Get expert advice and tips to secure the best type of loan for your needs.
From equity-light to airy and bright: how these new homeowners transformed their home before the stay-at-home order.
For Katie and Ken, in a highly-competitive market, their starter home became their best option for the home they needed on a street they love. Hear why they became such big advocates of the renovation home equity loan after months of searching and planning.
For their major renovation project, Joanne and David discovered a source of funding they had no idea was possible thanks to RenoFi’s connections. With low interest rates and a quick turnaround time, this loan made their renovation dreams happen exactly how they hoped.
From gutted to grand, an eleventh-hour RenoFi Loan helped this family upgrade as they downsized.
DJ & Vanessa were just about to close on a traditional construction loan when they discovered RenoFi's renovation home equity loan, which saved them $119k in future interest. Check out the details of their major home renovations and the challenges they faced before meeting RenoFi.
With a renovation home equity loan, Justin & Nicki discovered they didn’t have to give up the location they love to get the home they love too. Take a look before renovations begin and hear more of their story in the after renovations follow up!
What is loan-to-value ratio and how does it affect how much you can borrow with a home loan?
Discover the differences between Freddie Mac ChoiceRenovation Loans and RenoFi Loans and how they both work for financing renovations.
Here’s a little background on the different factors that will dictate your rate for a RenoFi Loan. There are four main components that lenders will use to determine your rate.
Comparing rates, finding the best terms, and spending hours researching lenders is a hassle. With RenoFi, your advisor will find a lender that fits your needs with an easy, streamlined process.
Most homeowners have better options to finance a renovation than a personal loan, but many don’t know what these are and why they’re more suitable.
RenoFi’s newest product provides a fixed-rate solution for renovating homeowners
RenoFi went to the Philly Home Show in January with the goal of educating homeowners on financing their renovations, but we learned a lot too! Check out the top 3 things we learned from homeowners at the Home Show.
HELOC
View more postsHELOC With 650 Credit Score: What You Need to Know
Getting a HELOC with a 650 credit score, while not ideal, does not typically exclude you from getting a loan.
HELOC Loan: Everything You Should Know
HELOC loan, or home equity line of credit, allows you ― a homeowner ― to tap into the equity you’ve built over time.
HELOC for Self Employed: What to Know
A HELOC for self employed individuals lets you borrow money using equity in your home as collateral.
Home Equity Loans
View more postsHome Equity Loan With Cosigner: What You Should Know
A home equity loan with a cosigner may help increase your chances of getting a home equity loan compared to applying on your own.
Home Equity: What It Is and How It Works
Home equity is the portion of your home that you own, calculated as the difference between your property's market value and your outstanding mortgage balance.
95 LTV HELOC: Your Home Equity Line of Credit
A 95 LTV HELOC is a home equity line of credit that lets you borrow up to 95% of your home’s value, giving you a lot of flexibility to cover big expenses.
Construction Loans
View more postsAn Expert Guide to Construction Loans, and How They Work
Learn the ins and outs of construction loans, from the application process to disbursement and major risks. Make informed decisions for financing your construction project.
3 reasons why you shouldn't use a construction loan for your renovation
There’s a better financing option for your home improvements.
General Liability Insurance and Construction Bonds:
Why your contractor should have these two items before they start your renovation project.
FHA 203k
View more postsFHA 203k Loan Rates: Everything You Need to Know
FHA 203k loan rates are typically 0.5-1% higher than typical FHA loans because 203k loans let you buy and fix up a house with just one mortgage.
FHA Loan
View more postsCan You Recast An FHA Loan?
You cannot recast an FHA loan, as government-backed loans such as FHA, USDA, and VA do not offer a recasting option.
Joint FHA Loan: Everything You Should Know
A joint FHA loan enables two people to apply together for a home loan when their incomes may not be enough to qualify individually.
Home Improvement Loans
View more postsHow To Finance An Addition To Your Home
Looking to put an addition on your home? Learn about the types of home addition loans, their pros and cons, and how to use them to finance your project.
An Expert Guide To Home Renovation Loans and How Home Improvement Loans Work
An expert guide to everything you need to know about home renovation loans. Boost your borrowing power by discovering the best renovation loans that factor in the after-renovation value, and tackle your entire home improvement wish list in one go!
4 reasons why you shouldn't use an unsecured home improvement loan
Learn why most homeowners shouldn’t use an unsecured home improvement loan to finance a renovation project and what your alternative options are.
Other Loan Types
View more postsHome Repair Grants for Disabled Homeowners
Home repair grants for disabled homeowners are financial assistance programs provided by some government and non-government agencies for qualified individuals.
5 reasons why you shouldn't use a Fannie Mae Homestyle renovation loan
Looking for the best loan to finance your home renovation project? These are the biggest reasons why you should consider a RenoFi Loan rather than a Fannie Mae Homestyle Renovation Loan.
Fannie Mae Homestyle renovation loans: what they are and how they work
A comprehensive guide to Fannie Mae HomeStyle renovation loans and if they are the best way to finance your renovation.
PACE Loan
View more postsWhat are PACE loans?
Home renovation financing, and specifically PACE loans, got a major shout out on the most recent episode of Last Week Tonight with John Oliver.