Decide if a HELOC vs Home Equity Loan is best for you. Figure out how useful they could be towards financing major projects like that home renovation you’ve been planning with this guide.
RenoFi Loans are unique because they allow you to borrow against what your home will be worth after the renovation is completed. This greatly increases your borrowing power and you get to keep your existing mortgage without refinancing.Learn more about RenoFi Loans
A conventional loan allowing you to finance the renovations into your mortgage! Good for purchasing a property that needs updating or to remodel your current home. Borrow against the future / after-improved value of your home! Minimum 3% down for first time buyers, 5% for others. Owner occupied, second home and investor loans available.Learn more about Conventional Homestyle
An FHA loan that allows you to finance your renovations. Good for purchase or refinance. Perfect for first time buyers! Minimum 3.5% down. Owner-occupied only.Learn more about FHA 203k Loan
Renovation loan for veterans. Same VA loan requirements but borrow money on top of the purchase to renovate a property. Owner-occupied only.Learn more about VA Renovation