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  RenoFi Home Equity Loans
RenoFi Home Equity Loans

in Home Equity Loans from Renovation Finance LLC · NMLS ID #1802847

Unaffiliated

RenoFi Home Equity Loans

Unaffiliated

in Home Equity Loans from Renovation Finance LLC · NMLS ID #1802847

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Highlights
APR  (Fixed APR) Starting at 3.95%
Loan Term (Years) 10 - 20 years
Loan Amount $25,000 - $500,000
Maximum LTV N/A

RenoFi Home Equity Loans Review

RenoFi Home Equity Loans is offered by Renovation Finance LLC (NMLS #1802847), a marketplace lending platform founded in 2018 and based in Philadelphia, PA. RenoFi Home Equity Loans is available in 50 states (and Washington, DC).

RenoFi Home Equity Loans FAQ

How much can you borrow with a RenoFi Home Equity Loans home equity loan?

A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.

RenoFi Home Equity Loans allows borrowers to apply for home equity loans of up to $500,000. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

Typically, borrowers with good credit can qualify for up to 85 percent of the value of the property less the balance on their first mortgage.

What home equity loan rates does RenoFi Home Equity Loans offer?

RenoFi Home Equity Loans offers home equity loans with a fixed APR

Remember the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does RenoFi Home Equity Loans charge for a home equity loan?

RenoFi Home Equity Loans may charge a loan origination fee

What types of property can you use as security for a home equity loan with RenoFi Home Equity Loans?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. RenoFi Home Equity Loans will consider loans secured by the following property types:

  • Primary home.

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Contact

Hours of Operation

  • Sunday All Day
  • Monday All Day
  • Tuesday All Day
  • Wednesday All Day
  • Thursday All Day
  • Friday All Day
  • Saturday All Day

Other Services by Renovation Finance LLC

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Credit Score Range 640 -
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use Primary Home
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
  • Tax Returns
Verification Documents Required
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Proof of Residence
  • Proof of Insurance
APR (Fixed APR) Starting at 3.95%
Loan Amount $25,000 - $500,000
Loan Term 10 - 20 years

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