10x easier than a construction loan - no draws or inspections!
This will not affect your credit score
Borrow up to 90% of the after renovation value!
Better rates, longer terms, more savings, and all about YOU!
Keep your existing mortgage. No refinance required!
Get the most money
and lowest monthly
payment for your project
As seen on
What homeowners are saying about RenoFi
Excellent communication
“Do your homework, we did and I have to say I am 100% satisfied. Not only are we getting an addition we have been saving up for 5 years to start, but this allowed us to have a big increase in the value of our house and greatly improved the 1941 construction. There was excellent communication at every step and Renofi handled all of the heavy lifting for the loan procurement.”
W
Wendy Williams,
PA
Very thorough
“This process was very helpful. Although a long process it was very thorough. I was confident we were sure to get a loan. Thank you RenoFi for getting us approved and our loan funded! The Armijo’s.”
E
Emily Armijo,
CA
They worked hard and got me approved
“Great experience with Renofi. After a bad experience with my personal bank I tried RenoFi who found me a great loan with a great rate. It took a little longer than I expected but at the end it was worth it They worked hard and got me approved. Thank you RenoFi!”
P
Pastor Servio Mendez,
CA
Opened up options I didn't know existed
“The RenoFi team has been great to work with - every person has been professional and well informed to help you feel comfortable with your options and choices. A renovation can be (usually is!) an intimidating and stressful process - especially the financing/borrowing. RenoFi opened up options I didn't know existed and connected us with a great lender. Thank you RenoFi team!”
D
Don B,
PA
RenoFi has helped thousands of homeowners across the United States
How is a RenoFi Loan different from a normal home equity loan or HELOC?
A traditional home equity loan or home equity line of credit (HELOC) allows you to borrow against the current value of your home, whereas RenoFi Loans allow you to borrow against the after renovation value, or future value of your home. For homeowners who have been in their homes for 10+ years, borrowing against current home equity is fine because they’ve built up a lot of equity over the years and don’t have as large of an outstanding mortgage balance. But for recent homebuyers, a true renovation loan often offers higher borrowing power. It is important to note that if you take a RenoFi Loan there is no guarantee your home will increase in value and, in rare cases, you may owe more than your home is worth.
How is this different from a construction loan?
Are there inspections & draws like a typical construction loan, FHA 203K, or Fannie Mae Homestyle loan?
I am in the middle of a refinance - can I take out a RenoFi Loan?
Longest Terms,
Lowest Rates
Terms up to 20 years. Rates are based on the After Renovation Value.
Borrow
More
RenoFi matches homeowners to the best financing product for their project.
Cash
Up Front
Once approved, homeowners receive 100% of cash up front. No draws, no inspections.
No Refinancing
Required
Have a great rate locked in your first mortgage?
No problem!
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Frequently Asked Questions