Financing a New Roof
Choosing the perfect roof for your home is an important step in maintaining your home’s beauty and durability. Consequently, so is roof financing. A new roof can be expensive, and it can be overwhelming to figure out how to pay for all of the materials and installation. Luckily, you don’t have to go about the process of roof financing alone. Today there are several different options for loans, rebates, and others ways to obtain roof financing.
Roofing Loans can be an Affordable Option if your Roof Needs to be Repaired or Replaced
Property Home Improvement recognizes that a new roof or siding can be an expensive investment. Most people don’t have a lump sum of money available to invest in a new roof, especially when problems occur unexpectedly. That’s why, at P.H.I., we work with several lenders and have in house financing so we can finance almost everyone. We can arrange payment terms that fit most everyone’s budget.
- In-House Financing
- Zero Money Down
- Other Financing Options
When you call Property Home Improvement to request an estimate, we will ask if financing is desired. If it is, a series of questions designed to prepare our estimator to arrive with financing options that will meet your needs. We know your time is valuable and we gather information in advance to optimize your time.
Savings: The Best Way for Roof Financing
Loans and HELOC for roof financing are strong options, but the best option for roof financing is always drawing from your savings. If you know that you will need a new roof in a few years, start putting away $75 – $100 every month. This will help when it’s time to pay the large roof bill. Even being able to pay a quarter or a third of your roof’s total price with cash from your savings will make a difference in paying for your new roof.
Single Family Housing Repair Loans and Grants
Eligibility: Very-low-income families who earn less than 50% of the median income, or low-income individuals who are 62 years or older.
Also known as the Section 504 Home Repair Program, the Single Family Housing Repair Loans and Grants program is dispensed by the Department of Agriculture. It provides loans and grants to repair and improve homes that are considered to be safety hazards in very-low-income communities.
Loans are available for homeowners who earn less than 50% of the median income. Grants are available for homeowners 62 years of age or older who are struggling to pay their repair loans. Homeowners who are interested in government grants for roof replacement should check out the program’s website to see if their home’s location qualifies.