Max borrowing = larger projects
We maximize borrowing power and minimize monthly payments by considering the after-renovation value of a property — so your clients can take on the project they really want.
RENOFI FOR CONTRACTORS
We help homeowners build confidence in their wishlist and budget, so you can sign more contracts, faster.
Always free for contractors! See why
Add a monthly payment to every bid, proposal, or contract — so homeowners consider their renovation as a monthly expense rather than a large lump-sum payment.
We maximize borrowing power and minimize monthly payments by considering the after-renovation value of a property — so your clients can take on the project they really want.
We've eliminated the slow, burdensome inspection and draw process of construction loans. Homeowners manage the project finances, so you get paid on your own schedule.
Embed financing in your process and help homeowners think of a renovation as a monthly payment.
Embed the best renovation financing options into every proposal you send.
Give your clients a way to calculate their renovation loan monthly payment.
Connect your clients with our expert Renovation Advisors for help.
Keep track of homeowners every step of the way and get notified when they move forward.
"These days, people don't want to touch their primary mortgage with a rate from years ago, so RenoFi being able to lend in 2nd position has been a tremendous help. Many projects would not have otherwise been doable if not for our clients working with them!"
TRUSTED BY THOUSANDS OF CONTRACTORS NATIONWIDE
The RenoFi mission is to be the renovation company of the future. Our business model is predicated on the successful completion of renovation projects rather than the sale of individual services, leads, or software. Instead, we make money by underwriting the renovation projects and helping provide funding. Contractors are at the heart of the renovation ecosystem, and since our launch in 2018, we’ve partnered with thousands of contractors nationwide to help them complete more projects at no cost to them.
Back to the top
If you have not done a project funded by a RenoFi loan in the past, RenoFi will contact you to learn more about your business and collect basic information (licensing, insurance, references, etc). Once you have completed RenoFi's contractor diligence, you will not need to resubmit this information as long as you are in good standing with RenoFi and your licensing & insurance has not expired.
No! Once approved, borrowers receive 100% of approved funds up front. Contractors prefer working on projects with RenoFi loans because the homeowner has the funds to pay on time.
Once you collect all of the documents necessary to apply for a RenoFi Loan and connect with a lender, RenoFi completes its Renovation Underwriting process, including the ordering of the appraisal. Appraisals are typically what takes the longest, typically between 14 & 30 days.. Once the appraisal is returned and the renovation underwrite is complete, you will apply with the lender and the lender will complete their financial underwriting, which can require an additional 15-30 days until close. Timing will depend on your unique situation and the lender that you’re matched with but you should expect approximately 30-60 days between both steps to close once the necessary documents are collected. RenoFi cannot guarantee that you will be approved for a loan with any lender offering RenoFi Loans, or in any specific time frame.
Most lenders offering RenoFi Loans today do not have any prepayment penalties built into their loans.
Schedule a call using the red button above for more information on adding RenoFi to your website!
Schedule a call using the red button above to discuss partnership opportunities with a member of RenoFi's partnerships team!
JA B2
Mytch and his team were fantastic in setting up a Renovation Loan based on future value, then put us in touch with lenders that were able and willing to support and fund…
a month ago
Devin Dorrough
Just wanted to give Jonathan a shoutout for helping with getting a home renovation loan. Process was pretty quick and was able to have funds dispersed rather quickly…
a month ago
Angela Miranda
A friend referred me to RenoFi and Jonathan Smith in particular. I needed refinancing of high-interest loans and Jonathan worked quickly and efficiently to find a great HELOC rate…
a month ago
AS SEEN ON