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About RenoFi
RenoFi is a financial technology company founded in January 2018 by Justin Goldman, Robert Shedd, and Lee Miller. The company operates a lending platform that partners with credit unions across the country to provide specialized renovation financing solutions. RenoFi focuses on addressing the need for financial products tailored for home renovations, allowing homeowners to fund projects based on their home's post-renovation value.
RenoFi offers Home Equity Lines of Credit (HELOCs) and fixed-rate home equity loans specifically designed for renovations, remodeling, and construction projects. Its unique approach calculates borrowing power using the after-renovation value (ARV) of the property, which can significantly increase loan amounts compared to traditional methods. The company collaborates with lenders to streamline the loan origination process, providing support through expert loan originators.
RenoFi serves homeowners looking for renovation financing, contractors recommending financing options, and loan originators at partner credit unions. The platform also supports realtors by enhancing property value through renovations.
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