Upgrade your primary residence with Renovation Heloc, a versatile financing solution designed to help homeowners transform their living spaces. Whether in New York, New Jersey, or 47 other states (except Texas), our full income check HELOC mortgage offers the funds you need to bring your vision to life.
How our renovation works
Unlike traditional loans, our program uses Renovation Value (ARV) to determine your borrowing capacity. This means you can get a loan based on the future value of your home after redecoration, not just its current value. Key features include:
- Higher borrowing power: The maximum loan amount can be as high as 125% of the current “as is” value of the home (also known as “peak”).
- Simplified payments: Access funds through the Home Net Worth Credit (HELOC) allows you to pay directly to your contractor – no complicated sweepstakes requests are required.
- Flexible Use: Great for major upgrades from kitchen remodeling to room additions while staying in your primary residence.
- Only 1-2 units
- Main residence and second suite
- Investment in property is OK
- Minimum 640 points
- Maximum 95% ARV
- 750k maximum loan amount
- Minimum 50k
- 10-year lottery and 20-year repayment period
Simplify the process of pressure-free renovation
Once approved, you only need to pay a minimum monthly maintenance fee until the renovation is completed. To finalize the process, the appraiser will use the completion certificate verification work, at which time the fee will be charged.
Available nationwide
Mortgage refurbished HELOC is available in all 49 states, including New York and New Jersey, which makes your investment in the future of your home more manageable.
