Home Renovation Financing Options

Making your dream space achievable with flexible financing options.

Financing Options For Your DREAM Home Renovation Projects!

A useful home renovation financing option is a RenoFi Loan that use the after-renovation value, instead of using your home's current value as a basis for borrowing money, This means you can actually borrow much more money at lower interest rates! So if you're considering a home renovation project, RenoFi Loans could be a really useful option.

renovation financing
renovation financing options

Get the money you need for your renovation

See how much more borrowing power is available with a RenoFi Loan.


Fill out an application

Contact RenoFi and fill out their application.
Step 1
Choose a loan

Choose a Loan

Identify the best RenoFi Loan for you. Need help choosing? A licensed RenoFi Loan Officer standing by to guide you.
Step 2
get appraisal


Your home is appraised based on the renovation plans and thus the value of the home after the renovation.
Step 3
choose a lender

Choose a Lender

RenoFi will assist you in choosing an official RenoFi lending partner. We typically match you to a local credit union.
Step 4

Close Loan & Renovate!

You’ll complete a standard application process. Once the loan is closed the funds are available and you are ready to start renovating!
Step 5


We're here to support your vision with a variety of financing choices.

RenoFi is a 2nd position loan – where as a 203k is a 1st position loan – if you refinance your mortgage to get a 203k, there are a lot of fees associated with that. And if you had previously locked in a good interest rate, you would ultimately lose that rate.  The 203k has higher interest rates than a typical mortgage. RenoFi’s loans, being 2nd position, means that you leave your 1st mortgage as it is  – don’t need to touch it – don’t need to pay to refinance.

Smoother process – No inspection and draw process – if you were to go with a 203k loan, there would be an inspection and draw process where they send someone out from the bank to see different milestones – then they release money to you.  RenoFi doesn’t have that process. RenoFi already did the due diligence on the us! This generally makes the process a lot smoother as the I&D is what holds up renovations a lot.

There is only a $95 fee for RenoFi – vs. thousands of dollars for a new mortgage!

Credit unions are our financing partners who offer competitive home equity rates for the loans. You will receive the funding directly from the credit union and then you pay Spring Road Design & Renovation LLC as per your payment schedule outlined in your contract. Neither the contractor or the homeowner pays a fee to RenoFi.  RenoFi is compensated by the borrower.

You can borrow $20k-$250k (amount determined by a variety of factors including project size, after renovation value of home, credit score, etc.)

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West Chester PA