Other Loan Types

Most recent posts

Image

Home Repair Grants for Disabled Homeowners Home 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.

Image

5 reasons why you shouldn't use a Fannie Mae Homestyle renovation loan 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.

Image

Fannie Mae Homestyle renovation loans: what they are and how they work 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.

Home Equity Loans

Image

No Doc HELOC: Everything You Need to Know No Doc HELOC: Everything You Need to Know

No Doc HELOC is a loan allowing homeowners to borrow against home equity without traditional income documentation like tax returns or employment history.

Image

No Appraisal Home Equity Loan: What You Should Know No Appraisal Home Equity Loan: What You Should Know

You can get a no appraisal home equity loan that allows you to quickly access funds without the hassle of an appraisal.

Image

Home Equity Loan With Cosigner: What You Should Know Home 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.

Image

Home Equity: What It Is and How It Works 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.

Construction Loans

Image

Types of Construction Loans: Guide to Smart Financing Types of Construction Loans: Guide to Smart Financing

Explore types of construction loans, including an innovative alternative, RenoFi loans, which provide higher borrowing power based on your home’s future value.

Image

An Expert Guide to Construction Loans, and How They Work An 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.

Image

3 reasons why you shouldn't use a construction loan for your renovation 3 reasons why you shouldn't use a construction loan for your renovation

There’s a better financing option for your home improvements.

Image

General Liability Insurance and Construction Bonds: General Liability Insurance and Construction Bonds:

Why your contractor should have these two items before they start your renovation project.

FHA 203k

Image

FHA 203k Loan Rates: Everything You Need to Know FHA 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

Image

Can You Recast An FHA Loan? Can 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.

Image

Joint FHA Loan: Everything You Should Know 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.

HELOC

Image

HELOC Requirements: Everything You Need to Know HELOC Requirements: Everything You Need to Know

HELOC requirements typically include having sufficient equity in a borrower's home and a good credit score, among other qualifications.

Image

100 LTV HELOC: Exploring Pros and Cons of Maximum Leverage 100 LTV HELOC: Exploring Pros and Cons of Maximum Leverage

A 100 LTV HELOC allows you to borrow against the full appraised value of your home, giving you access to a substantial amount of funds.

Image

No Income Verification Home Equity Loan: What You Need to Know No Income Verification Home Equity Loan: What You Need to Know

A no-income verification home equity loan, or NIV loan, allows homeowners to access the equity in their home without providing traditional income documentation.

Image

HELOC With 650 Credit Score: What You Need to Know HELOC 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.

Home Improvement Loans

Image

How To Finance An Addition To Your Home How 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.

Image

An Expert Guide To Home Renovation Loans and How Home Improvement Loans Work 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!

Image

4 reasons why you shouldn't use an unsecured home improvement loan 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.

Image

RenoFi Loan requirement checklist RenoFi Loan requirement checklist

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 through a RenoFi Home Equity Loan is even better. We'll help you gather everything you need to apply with one of our lending partners using this helpful checklist.

Home Renovation Loans

Image

Are Home Renovation Loans Tax Deductible? What You Should Know Are Home Renovation Loans Tax Deductible? What You Should Know

Generally, you can’t directly deduct the cost of home renovation projects from your taxable income.

Image

7 loan options to pay for a home renovation 7 loan options to pay for a home renovation

Finding the best way to pay for a home renovation project can be confusing, and in this guide, we walk you through all of the different options that you have available and lay down the pros and cons of each one.

PACE Loan

Image

What are PACE loans? What 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.