Do Local Roofing Companies Finance a New Roof?
When a Roof Leak Hits Your Wallet Hard — What’s Next?
Imagine this: a big storm just passed through your town, and suddenly, your ceiling starts leaking. You call someone in, and they tell you the roof needs a new roof or full replacement. But don’t you have $10,000+ in the bank? You’re not alone. Most homeowners don’t have that kind of cash ready. So now what? But waiting could mean leaks, mold, or even structural damage. The good news? Many local roofing companies offer financing to help you get a quality roof now and pay over time.
Instead of putting off much-needed work, financing gives homeowners a way to protect their homes without draining their savings. In this blog, we’ll break down how roofing financing works, what to expect, and how to find a company that fits your needs and budget.
Do Roofing Companies Finance?
Yes, many roofing companies offer financing options to help homeowners manage the high cost of roof replacements. Whether you’re dealing with storm damage or just want a better-looking roof, financing can spread the cost over manageable monthly payments. Some local roofing companies partner with banks or finance providers, while others offer:
✔ In-house payment plans – Pay in installments directly to the roofer
✔ Third-party financing – Through banks or credit companies
✔ Credit card payments – Some accept cards (but watch for high interest)
Key Fact: About 65% of roof replacements are financed—you’re not “risky” for needing payments.
Can I Finance a New Roof? 4 Ways to Make It Work
Absolutely. If you’re wondering if I can finance a new roof, the answer is yes — and many Americans do. Financing options typically depend on your credit score, home equity, and the roofing company’s terms. There are even roof financing companies that specialize in home improvement loans for projects like roof replacements.
Some common financing types include:
1. Roofing Company Financing
- Best for: Fast approval, no bank hassle
- Terms: 6 months to 20 years, rates from 0%–25% APR
- Watch out for Prepayment penalties, balloon payments
2. Home Equity Loans/Lines
- Best for: Low rates (4–8% APR) if you have equity
- Downside: It takes 2–4 weeks to approve
3. Personal Loans
- Best for: Fair credit (580+ score)
- Rates: 6–36% APR (higher for bad credit)
5. Government Programs
- FHA Title I loans (up to $25k)
- State weatherization grants (for energy-efficient roofs)
How to Spot Good vs. Bad Roof Financing
✅ Good Financing
- Clear terms (no hidden fees)
- Rates under 12% APR for fair credit
- No prepayment penalties
🚩 Bad Financing
- “Lease-to-own” traps (you don’t own the roof until paid)
- Sky-high rates (over 20% APR)
- Pressure to sign same-day
Do Roofers Offer Financing?
Most roofers offer financing, especially the ones who understand how urgent and unexpected roof issues can be. Financing is becoming a standard part of the roofing business, and many roofers now advertise their financing options on their websites or during inspections. When calling local roofing companies for financing, ask;
- What financing partners do you work with?
- What’s the lowest APR you offer for good credit?
- Are there origination fees or prepayment penalties?
- Can I see a sample contract?
Do Roofing Companies Take Credit Cards?
Yes, many roofing companies take credit cards as a form of payment. If you’re short on cash and looking for quick solutions, using a credit card can be a backup plan. Just be cautious of high interest rates — financing through a roofing company often gives you better terms.
Best Roofing Companies Near Me Offering Financing
Looking for the best roofing companies near you that also offer financing? It’s smart to choose local. Local roofing companies know your area’s building codes, climate, and weather challenges. Plus, they’re often quicker to respond and easier to reach if you have questions or need follow-up service.
Look for companies that:
- Offering roofing business loan options
- Provide free roof inspections
- Give clear financing terms
- Are licensed, insured, and well-reviewed
Why Financing a Roof Is a Smart Move
Delaying a roof replacement can lead to water damage, insulation problems, and even health risks like mold. New roof financing helps you take care of the problem today — not when it’s too late. Even if you can pay a portion now, financing can help spread the balance over several months or years.
Plus, replacing a roof adds value to your home, which can help if you decide to sell in the future.
Talk to Us About Your Roofing Needs
At ProCraft Home Products, we work with homeowners just like you, people who want quality roofing without the stress of high upfront costs. We offer flexible payment plans and work with trusted finance partners to make the process smooth and easy.
Don’t wait for more damage. Let us inspect your roof, talk you through your financing options, and get your roof fixed fast.
Get a Free Roofing Estimate + Financing Options
No hidden fees. No obligation. Just honest answers and fast service.
