Other Loan Types

2nd Mortgage vs HELOC: Are these two the same? Both allow a homeowner to borrow against the equity in their home.

Refinancing a HELOC offers a reliable solution for repaying the borrowed amount over a longer period to reduce the risk of foreclosure.

HELOC eligibility is determined by a number of factors, including home equity, credit score, and debt-to-income ratio.

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

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.

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

Getting a HELOC with a 650 credit score, while not ideal, does not typically exclude you from getting a loan.

HELOC loan, or home equity line of credit, allows you ― a homeowner ― to tap into the equity you’ve built over time.

A HELOC for self employed individuals lets you borrow money using equity in your home as collateral.

HELOC after loan modification is a doable and viable option if you're looking to tap into your home equity after adjusting your original mortgage terms.

A bank statement HELOC loan is a financing option designed for homeowners who may not qualify for a traditional home equity line of credit (HELOC).

A 90 LTV HELOC lets you borrow up to 90% of your home’s value. How much you can borrow depends on your home’s equity and credit score, among other things.

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.

A bank statement HELOC loan is a financing option designed for homeowners who may not qualify for a traditional home equity line of credit (HELOC).

HELOC after loan modification is a doable and viable option if you're looking to tap into your home equity after adjusting your original mortgage terms.

HELOC loan to value (LTV) is a ratio creditors use to evaluate how risky it is to lend to a homeowner with a mortgage.

Getting a HELOC with a 650 credit score, while not ideal, does not typically exclude you from getting a loan.

A HELOC on investment property is offered by RenoFi's lending partners, along with banks, credit unions, and loan brokers with different terms and loan costs.

You can have two HELOC loans on your property, but although possible, they require careful consideration.

HELOC loans in Texas offer homeowners a flexible way to tap into their home equity, governed by distinct rules setting them apart from HELOCs in other states.

A VA HELOC is available for veterans who need loans to fund large purchases, such as home renovations, with other loan options available.

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.

Federal Housing Administration (FHA) loans are all-inclusive purchase and renovation funding secured by the US government to improve property habitability.

The best way to finance home improvements depends on your borrowing power and comparing different options to choose the right loan for your needs.

To get a home improvement loan, evaluate different financing options, compare lenders, and select the best loan to fund your project affordably.

A conventional rehab loan is a mortgage that allows homeowners to finance both a home purchase and the cost of renovating it in one loan.

Home remodel loans are personal loans that allow homeowners to finance upgrades and improvements to their homes.

Personal loans for home improvement projects are just one possibility among many to fund renovations. Explore financing options to find out what's best for you.

Financing for home improvement needs careful planning, but exploring loan choices and smart funding methods can help you fund your project confidently.

The best home improvement loans can finance major renovations, such as kitchen upgrades, room additions, or building an ADU.

Rehab loans, fix-and-flip, or home improvement loans, help homeowners or investors buy and renovate houses under one mortgage.

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 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!

Learn why most homeowners shouldn’t use an unsecured home improvement loan to finance a renovation project and what your alternative options are.

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.

Pros and cons of a home equity loan help you decide if borrowing against your home’s equity is the best way to finance renovations or major expenses.

Reverse mortgages and home equity loans both assist homeowners in accessing their home equity and translating it into cash.

To get a home equity loan, evaluate your finances and verify your home's equity, compare lender rates, and explore flexible options to fund your renovation.

Whether a home equity loan is ideal depends on several factors, including your financial health and your goals for the future.

A home equity line and home equity loan are types of financial products that allow homeowners to borrow against the equity they’ve built up in their homes.

Home equity loan guidelines help homeowners understand key factors like LTV, credit score, and debt-to-income ratio to secure the best loan terms.

Home equity lines of credit and home equity loans use the borrower’s property as collateral and usually provide better interest rates than other loan types.

Yes, you can refinance a home equity loan with a good credit score, sufficient home equity, stable income, a low debt-to-income ratio, and home ownership.

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

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

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 is the portion of your home that you own, calculated as the difference between your property's market value and your outstanding mortgage balance.

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.

Considering a Home Equity Loan to finance renovations? DON'T apply for a Home Equity Loan until you've read this expert guide!

Learn what home equity is and how to use it. Find expert tips on how to increase home equity through home improvement.

Some home improvements can be tax deductible such as capital improvements along with the interest on the loan depending on your situation.

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.

Owner builder construction loans let you finance your home construction while acting as your own contractor, with funds released in stages based on milestones.

To get a construction loan, prepare the project costs, select a credible builder, and apply with a lender who releases money in stages during construction.

Construction loan requirements include credit score, income proof, and a construction plan. Learn how RenoFi Loans offers a simpler financing option.

Qualifications for construction loan approval include a good credit score, steady income, and detailed plans. Read on to learn more.

Hard money construction loans are a fast and flexible way to secure lending backed by real estate properties.

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

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.

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

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

A home loan for renovation entails several types of loans used to finance home renovation and improvement projects.

Home loans offer financing for purchasing, building, or renovating a property, with the property itself serving as collateral for the lender.

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

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.