FHA 203k loans vs Fannie Mae Homestyle loans: which should you use for a renovation?
The most money and lowest monthly payment for your renovation
Borrow up to 90% of your future home value with a RenoFi Renovation Loan
WHAT IS YOUR PROJECT?
Before RenoFi Loans came along, the two most common options for buyers looking to refinance (or purchase) and renovate a home all in one loan were Fannie Mae Homestyle and FHA 203k loans.
FHA 203k rehab loans: What They Are and How They Work | RenoFi
The most money and lowest monthly payment for your renovation
Borrow up to 90% of your future home value with a RenoFi Renovation Loan
WHAT IS YOUR PROJECT?
An FHA rehab 203k loan lets you buy or refinance a property that’s in need of repairs and combine the funding that’s needed to purchase (or refinance) the home and pay for renovations into one loan.
Freddie Mac ChoiceRenovation Loan vs RenoFi Loan: Which Is Better For Renovating?
The most money and lowest monthly payment for your renovation
Borrow up to 90% of your future home value with a RenoFi Renovation Loan
WHAT IS YOUR PROJECT?
Freddie Mac ChoiceRenovation Loan vs RenoFi Loan: Which Is Better For Renovating?
Discover the differences between Freddie Mac ChoiceRenovation Loans and RenoFi Loans and how they both work for financing renovations.
General Liability Insurance and Construction Bonds
The most money and lowest monthly payment for your renovation
Borrow up to 90% of your future home value with a RenoFi Renovation Loan
WHAT IS YOUR PROJECT?
If you’re looking for a contractor for your home renovation project, you should always check to see if they have liability insurance and/or a construction bond.
How do lenders set rates for home equity loans?
The most money and lowest monthly payment for your renovation
Borrow up to 90% of your future home value with a RenoFi Renovation Loan
WHAT IS YOUR PROJECT?
You’re here because you’re looking for the smartest way to finance your home renovation. And a RenoFi Loan is it. Our homeowners love how it allows them to get everything on their wishlist—which we love too! So now, you want to know what that looks like for your renovation project.
How RenoFi simplifies the home renovation loan process
The most money and lowest monthly payment for your renovation
Borrow up to 90% of your future home value with a RenoFi Renovation Loan
WHAT IS YOUR PROJECT?
By now, you’ve probably discovered that home remodels cost a lot of money. A new kitchen island, that master bathroom, or the converted garage will probably make your life a lot easier, but it’ll cost a bit more than what you have saved.
Pros and cons of using a personal loan for a home renovation | RenoFi
The most money and lowest monthly payment for your renovation
Borrow up to 90% of your future home value with a RenoFi Renovation Loan
WHAT IS YOUR PROJECT?
When you’re looking for the best way to pay for your renovation, it can be overwhelming. There are several options out there, and they all have their benefits and their pitfalls, which carry different weight for every homeowner and their unique situation.
RenoFi Launches First Ever Fixed-Rate Home Renovation Loan | RenoFi
PHILADELPHIA (June 9, 2022) – RenoFi, the renovation enablement platform company, today announced the launch of a first of its kind fixed-rate home renovation loan.
Previously, RenoFi Home Equity Loans were only offered as a variable rate HELOC. Now with a fixed rate for up to 20 years, RenoFi’s fixed-rate home equity loan allows homeowners to borrow up to 90% of the after renovation value (ARV) and provide 100% of the funds directly to the homeowner at the time of closing up to $500,000.
RenoFi Loan requirement checklist
The most money and lowest monthly payment for your renovation
Borrow up to 90% of your future home value with a RenoFi Renovation Loan
WHAT IS YOUR PROJECT?
Items Specific to RenoFi Renovation Home Equity Loans:
1. Your Contractor’s Information
This includes basic contact information such as name, address, phone number, email, and company website. Lenders require that RenoFi contact your contractor to gather certain information before the lender can approve your loan.
Top 14 reasons why homeowners can't qualify for a RenoFi Loan
The most money and lowest monthly payment for your renovation
Borrow up to 90% of your future home value with a RenoFi Renovation Loan
WHAT IS YOUR PROJECT?
Did you recently discover that a RenoFi Loan is the best way to fund your renovation? That’s great! Let’s break down the top 14 reasons why your renovation project may not qualify for a RenoFi Loan from a lender.