Roof Financing Options

The Unpredictability of House Repairs

Whether it be fixing a cracked tile on your bathroom floor or investing in a home roof repair job, the one thing that house repairs have in common is their unpredictable nature. At one point or another, we’ve all been stuck in a situation where house repairs are necessary, regardless of whether we can afford them in that moment or not. 

When it comes to getting a new roof, many people find themselves stalling when it comes to hiring — or even contacting — a roofing company because of inadequate funds. Fortunately, there are several other ways that homeowners and business owners can finance a new residential or commercial roof.

4 Common Roof Financing Options

When you need a new roof but don’t have the money upfront, financing is the ideal way to get a quality roof without breaking the bank. Here are four common roof financing options.


Although it might be redundant to mention this, cash is the best payment method for a home roof repair job, primarily because of how hassle-free it makes the whole process. You don’t need to apply for a loan, and you don’t need to keep up with any payment obligations in the future. Having said that, we realize that not everyone has a large sum of money lying around in their bank accounts, which is why we recommend the alternate payment methods mentioned below. 

Credit Card

When you need a new roof but can’t find the cash right away to pay for it, you can finance it through credit card installments if your roofing estimate is under $15,000. With roofing estimates lower than $15,000, paying monthly credit card installments won’t weigh too heavily on the rest of your monthly budget. There are even several zero-interest payment plans available for select homeowners and business owners. 

Secured Loans

Although credit card installments work perfectly well in instances where the roofing estimate is relatively low, costlier roofing projects should be completed through a secured loan. Through Home Equity Loans (HEL) and Home Equity Line of Credit (HELOC), you can take out a second mortgage on your houses, and pay your loan back over the next 10-15 years.

Unsecured Loans

If your estimate for a roof replacement is in the middle-range, you could also get an unsecured, or personal loan. Since this loan does not rely on collateral, the application process is pretty straight forward. Having said that, a disadvantage to the lower monthly rates is the high interest that you’d have to pay. If you don’t want to pay more in the long-run, then this is not a good option for you. On the other hand, if you’d like to pay less to start, this could be the right route to take. 

Roof Financing Without Breaking the Bank

We understand how important it is to keep a quality roof over your family’s head. But the reality is, it can be expensive, and sometimes, you simply can’t afford it. With families of our own, we know you need peace of mind that your home is well-protected by a good roof. That’s why we offer financing options to help you get the new roof or home roof repair you need for your home or business. To get started with your roofing project today, all you have to do is apply for financing! At HW Roofing, our roofing company services those in St. Augustine, Jacksonville, and the surrounding communities in Northeast FL.