Home Improvement Loans

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.

You cannot recast an FHA loan, as government-backed loans such as FHA, USDA, and VA do not offer a recasting option.

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 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.

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.

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.

HELOCs are flexible, offering unique benefits to homeowners who need funds for home renovation projects, but they also come with risks and potential drawbacks.

A HELOC is a second mortgage that you take out on top of your first mortgage, while a cash-out refinance replaces your old loan.

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.

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.

Home repair grants for disabled homeowners are financial assistance programs provided by some government and non-government agencies for qualified individuals.

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.

A comprehensive guide to Fannie Mae HomeStyle renovation loans and if they are the best way to finance your renovation.

Home renovation financing, and specifically PACE loans, got a major shout out on the most recent episode of Last Week Tonight with John Oliver.