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Roof Financing
No one plans for a roof repair emergency and they seem to come at the worst time. And, of course, nobody wants to use their “rainy day fund” to cover the cost of a new roof. So we are excited to offer you affordable roofing solution for your home or business in Florida
Can You Finance A New Roof?
We partner with Hearth to offer you an easy application process to finance your roof. There is only a soft pull on your credit so it will not hurt your credit. The whole process is quick and painless for any emergency roof repair you might have. You can fill out the application online or meet with our representative. You will know right away if you are approved. Once you are approved you can use the funds for any roof repair or roof replacement needs you might have.
How Financing A Roof Can Be a Good Idea
It’s easy for homeowners to forget about or delay repairing or replacing a roof until significant warning signs force a repair. At other times, severe weather can cause significant damage to your roof with high winds or even send a tree branch through your roof causing significant damage.
If you’ve budgeted funds for roof maintenance or repairs, that would be great but most homeowners are left without sufficient funds for this type of roof emergency. Even when your roof project is covered by your insurance, you may still have an unexpected deductible to pay. Or you may desire to upgrade your roof to a high-quality roofing material.
Here are some reasons to take advantage of roofing financing for your roof repair or roof replacement project.
Low Monthly Payments
As an independent roofing contractor, the financing that we offer through Hearth can benefit you by providing low monthly payments. This enables you to pay your roof off in installment amounts that are affordable and keeps you from having to pay thousands of dollars for a roofing project in one lump sum.
Delaying Payments
There are loans that will allow you to put off making the payments for a set period of time. After that time is up, you will begin making the regular payments at the fixed interest rate. This option is preferred for situations where you would rather hang on to the cash but still need to get started on the roofing project.
Save Time With Quick Approval
Thanks to our modern technology, applying for roof financing can be an easy process. You are able to apply online or make a quick phone call, completely doing away with all the hassle of paperwork. When the application is complete and submitted, you should be notified about your approval within minutes.
Deferring Upfront Payments Without Interest
Now homeowners are able to delay a lump sum payment and also avoid the interest. Consider the 0% financing option. Loans that offer six months of no interest and no payments are perfect for you to defer making payments at all during the first part of the loan Of course, you can pay the loan off (interest-free) any time before the six-month are up.
How To Apply for Financing
Whale Roofing & Construction Financing
Whale Roofing & Construction makes it easy to protect your home without breaking your budget. We’ve partnered with trusted lenders to offer fast, flexible financing for all your roofing needs.
Financing with Ygrene
Ygrene offers an alternative way to finance energy-efficient and renewable energy upgrades for residential and small commercial properties in Florida. Depending on where your property is located, it may also be eligible for upgrades that help conserve water and protect against storm damage.
As a leading Property Assessed Clean Energy (PACE) provider, Ygrene allows you to leverage the equity in your property to make it even better. Ygrene offers unique advantages including low, fixed rates, zero down, and no prepayment penalties. PACE is different from many other financing options because the financing acts as an assessment on the property. Approvals are based primarily on home equity, among other factors. The financing uses your property as collateral, and a first priority lien will be placed on your property ahead of other liens including mortgages. The financing is repaid over the financing term through your property taxes.
Financing with Acorn
Whale Roofing & Construction partners with Acorn Finance to offer fast, flexible roofing financing designed to fit a wide range of budgets. This option provides low monthly payment plans with a quick online approval process that requires no paperwork and does not impact your credit score. Homeowners can compare offers from multiple lenders to secure competitive rates and favorable terms. Once approved, funding can be received in as little as one business day, and there are no prepayment penalties if you choose to pay off your loan early.
To apply, homeowners can visit the Acorn Finance application page directly at https://www.acornfinance.com/outdoor/roof-financing/.
HELOC Roofing Financing Through Valley Bank
For homeowners with available equity, Whale Roofing & Construction offers HELOC roofing financing through Valley Bank. This option allows you to use a home equity line of credit specifically for your roofing project, often with significantly lower interest rates compared to credit-based or PACE financing. The approval process is fast and straightforward, making it an ideal solution for homeowners who want long-term savings and flexible repayment.
To apply, you can call Brian Lynott, Senior Vice President at Valley Bank, directly at 561-215-0201 or email him at Blynott@valley.com for personalized assistance.
PACE Financing Through Renew Financial
Whale Roofing & Construction also offers PACE financing through Renew Financial for qualifying homeowners. With this option, payments are made through your property taxes, and eligibility is based primarily on home equity and income rather than your credit score. Many homeowners appreciate that there is no money down and that the first payment may be deferred for up to 18 months after the roofing project is completed. Interest rates are highly competitive and can be more affordable than traditional financing options, and approval is based on property equity instead of credit history. Throughout the loan process and roof installation, Renew Financial provides dedicated customer service to ensure a smooth experience from start to finish.
Homeowners can apply by calling Renew Financial toll-free at 844-RENEWFI (844-736-3934) or by applying online at https://contractors.renewfinancial.com.
Finance Your Next Roofing Project
- The size and complexity of the roof
- The type of roof shingles, metal, or tile used
- The roofing contractor hired, since labor rates vary among pros
- Your geographical area
Roof Financing Terms Explained
- The principal represents the total amount of money borrowed at the start of the loan.
- Interest is the cost of your loan in addition to the principal amount.
- The term refers to the amount of time you have to pay off the loan. It’s usually expressed in months or years.
- APR (annual percentage rate) determines how much the lending company is charging you for the loan of the money. It may or may not include fees, and it doesn’t include the compounding effect of interest — most interest compounds monthly. APR is a useful tool for comparing loan products.
Frequently Asked Questions
How long can you finance a roof for?
A lot of homeowners choose to go with a 120-month term or longer. Loan terms do vary by lender. Having a shorter loan term means you can likely pay less in interest, but the longer terms enable you to have the option of more affordable monthly payments
Can roofers offer a payment plan?
Some independent roofing contractors are able to, yes. Talk to your company representative to ask about payment plans to make your roof replacement more cost-effective. Any payment plan will vary.
Will my insurance pay for a new roof?
If your home has experienced damage from severe weather, then it might apply. But it will depend on things like your policy and the cause of the damage. You’ll want to contact your roofer to get their input on the damage and they can work with your private adjuster.