RenoFi Loan
Renovation loan that underwrites based on the home's value AFTER the work is completed.
RenoFi (and similar products from Aven, Liberty Lending) underwrites based on the property's appraised value after the ADU or remodel is complete, not the current value. This unlocks 80–90% LTV against the future value, which is critical for owners with limited current equity.
Typical structure: HELOC- or fixed-rate-loan format, 6.5–9.5% rates, no second appraisal at completion. Higher fees than a traditional HELOC, but often the only viable path if current equity is thin.
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FAQ — RenoFi Loan
What does "RenoFi Loan" mean in plain English?
Renovation loan that underwrites based on the home's value AFTER the work is completed.
Why does RenoFi Loan matter for a California ADU or remodel?
RenoFi Loan comes up in the construction financing side of nearly every Greater LA and Bay Area project we touch. RenoFi (and similar products from Aven, Liberty Lending) underwrites based on the property's appraised value after the ADU or remodel is complete, not the current value. Getting it right at design saves rework later — getting it wrong is one of the most common reasons permits stall.
Where will I see RenoFi Loan on my own project?
Most owners run into RenoFi Loan during the design or plan-check phase. Your project manager flags it on the schedule, walks you through what the city expects, and confirms documentation is in place before the inspection that depends on it.
Does RenoFi Loan cost extra?
Sometimes — depends on whether it adds scope (a report, a structural detail, a fee) or just a paperwork step. Anything cost-impacting is itemized in your contract or change order, never buried in the invoice.
Who at Alpha Dream handles RenoFi Loan?
The project architect owns design-level decisions; the permit runner owns city interactions; the project manager owns field execution. You always know who to ask.