RenoFi

RenoFi

Financial Services

Philadelphia, Pennsylvania 2,987 followers

1 mission - make renovations possible. NMLS #1802847

About us

1 mission - make renovations possible. NMLS #1802847

Industry
Financial Services
Company size
51-200 employees
Headquarters
Philadelphia, Pennsylvania
Type
Privately Held
Founded
2018
Specialties
Home Renovation Financing, Home Renovation Loans, Home Renovation, and Home Loans

Locations

Employees at RenoFi

Updates

  • View organization page for RenoFi, graphic

    2,987 followers

    We hear it a lot; what kind of ROI can I expect from my renovation. That is a question unique to each transformation, but this RenoFi homeowner hit it out of the park! Terms apply. NMLS 1802847 / 2412741

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  • View organization page for RenoFi, graphic

    2,987 followers

    AFTER RENOVATION VALUE SECURED! When DJ and his wife, Vanessa, found RenoFi, they were just about to close on a traditional construction loan, having accepted the fact that they would need to refinance their first mortgage — which would also mean additional closing costs and higher interest rates — to do their home renovation. What they didn’t know at the time was that meeting RenoFi would result in a home renovation loan product that would eventually save them $119k in future interest payments because it didn’t require them to refinance at all. I'm not sure about you, but saving over $100K and getting everything on my wishlist; that seems better than a win win! Savings unique to homeowner's circumstances; not applicable or typical to all customers. Terms Apply. NMLS # 1802847 / 2412747

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  • RenoFi reposted this

    Check out our preferred partner, RenoFi, who offer the only end-to-end loan origination and underwriting platform specifically built to enable renovation lending. RenoFi's platform allows homeowners to borrow against their home’s after-renovation value instead of the home’s current value, increasing borrowing power by 11x on average.

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  • View organization page for RenoFi, graphic

    2,987 followers

    California Governor signed four Casita Coalition ADU bills into laws last week. We break it down for you here: ➡ ADUs and primary homes will be eligible to convert to condos and be sold separately where cities opt in under AB 1033 (Ting) –creating exciting new opportunities for homebuyers currently priced out of the market : https://lnkd.in/g5CxpqCH ➡ Homeowners won’t lose access to ADU financing options because of restrictive owner-occupancy requirements, thanks to AB 976 (Ting) : https://lnkd.in/eZP2e-Nm ➡ AB 434 (Grayson) will help state agencies ensure ADU opportunities protected in state ADU law are available to homeowners in every California city and county: https://lnkd.in/eTaV32SD ➡ New statewide rules will streamline use of previously approved ADU plans, saving time, design costs and staff hours under AB 1332 (Carrillo) What does this mean for you? Well, simply the ability to have a broader option for building smaller homes on your existing property. If you're looking to take advantage of these new laws and build on your land, RenoFi can help. If you're a contractor who can build these homes, we're ready to partner with you to make your clients dreams come true. TERMS APPLY: NMLS #1802847 / #2412747 (CA Department of Real Estate Broker License # 02195141)

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Funding

RenoFi 4 total rounds

Last Round

Series A

US$ 14.0M

See more info on crunchbase