To echo another reviewer, this is a unique loan product, and potentially a 6 out of 5 (yes, you read that correctly). It’s a HELOC based on the your after renovation value but is granted before the work starts. You receive all of the funds yourself as the customer. We just recently received the funding for the loan and work will start as soon as permits are approved, and we are thankful we didn’t have to refinance and go through the regular process of a normal lender managing the payouts. The only slight negative, and the reason for the current 4 stars instead of 5, and in agreement with a previous reviewer, this process took quite a bit longer than advertised. This is likely partially due to COVID-related market conditions. We basically had to go through what seems like a full underwriting process first with RenoFi, and then you get transferred to the actual bank who then runs another full underwriting process. While this is of course covering their risk and is understandable, the pre-process advertising promotes a much quicker turnaround. If RenoFi were clearer about the expectations then I don’t think customers would be hesitant to use this product, because so far it is great. Otherwise, RenoFi reps have been very responsive to questions. As of now I can recommend RenoFi and hope the entire build process goes smoothly (which RenoFi themselves have nothing to do with). Supposedly, when work is completed, RenoFi will send an appraiser again to overview the final product. We will see how that goes and I will possibly readjust the 4-star review (up or down) based on that experience. So far, RenoFi has delivered on what they advertise!