Can Roof Replacement be Financed?

One of the most significant expenses you will face as a homeowner is replacing your roof. The average cost for new roofs in the United States ranges from $8,000 to $15,000, depending on what homeowners desire material and style; however these costs can be reduced significantly with financing options available through both private lenders or government agencies such as FHA (Federal Housing Administration).

When looking for a new roof, it’s important to understand how financing works. The process typically starts with an inspection of your current structure and determines whether or not there are any issues that need repair before moving forward– always hire professionals to complete these types of inspections.

After receiving advice about what needs fixing on site (if anything), estimates will be generated based on different types of loans available such as personal loans, credit cards, or line of credit offers.

Here is a general idea of what the financing terms could look like on a couple of different projects. Here is the calculator for you to enter your own figures https://www.enhancify.com/roof-central-financing-offers .

Scenario #1-

  • Project total- $20,000
  • Project Down Payment- $10,000 (provided by finance company)
  • Term Length- 12 years
  • Pre Payment Penalty- None
  • APR %- 12.7%
  • Monthly Payment- $271.23

Scenario #2-

  • Project total- $8,000
  • Project Down Payment- $4,000 (provided by finance company)
  • Term Length- 5 years
  • Pre Payment Penalty- None
  • APR %- 12.7%
  • Monthly Payment- $180.80

Some of the best benefits of financing a roof include:

  1. Quick turnaround time, you can typically get the money in less than a week to start the project.
  2. Loans up to $250,000 are available or as little as $1,000.
  3. No prepayment penalties.
  4. Equity in your home is not required.
  5. Most credit scores over 600 are approved (*Terms and conditions apply)
  6. Comparing your options will not hurt your credit score.

We are seeing an upward trend in financing construction projects lately because it truly is such a good solution for so many people. If you would like more info, please check this page out for more information https://www.enhancify.com/roof-central-financing-offers or reach out to us @ www.roofcentral.com .

Sincerely,

Mikel Miller

919-808-5111

Roof Central Co-Owner