HomeRoof Financing

Roof Financing

Upgrade your home with flexible, easy-to-manage roof financing options.
Roof Financing
If you’ve been thinking about repairing your roof, why wait any longer?
Renovate.com helps you connect with a reputable contractor and request financing.
Start now by requesting a financing offer through one of the contractors in our network.

How to Get Roof Financing

Step 1
Provide your personal details, financial information, and specific roofing project requirements directly on Renovate.com.
Step 1
Step 2
We will review your application in real time. If approved, you will receive a preliminary financing offer on your screen.
Step 2
Step 3
Once you select the offer, you will be redirected to complete a detailed roofing financing application.
Step 3
Step 4
If approved, you can coordinate with the roofing contractor to start the work. You can manage your payments in flexible installments to the lender while enjoying your new roof.
Step 4

What is a Roof Loan?

A roof loan is specifically designed to finance roof replacement, including shingle replacements, structural repairs, and the installation of energy-efficient roofing systems. These loans are typically used to cover the costs of materials, installation, permits, and inspections required for roofing projects.

Depending on the scope and complexity of the project, roof loans can range from $1,000 to $50,000. The terms of these loans can extend to 10 years, with APRs generally ranging from 4% to 20%.

For instance, if you take out a $6,000 roof financing loan with an APR of 6% over a 10-year term, the total amount to repay would be $7,993.48. This would make your monthly payments about $66.61.

What is a Roof Financing Loan?

Types of Roofs

Here’s an overview of different types of roofs by material:

  • Asphalt Shingles last 20 to 30 years and offer a classic look with various colors and styles at an affordable price.
  • Metal Roofs are durable and weather-resistant, with a lifespan of 40 to 70 years.
  • Tile Roofs are durable, lasting over 50 years.
  • Slate Roofs offer a distinguished natural look and are known for their exceptional durability, lasting over 100 years.
  • Wood Shingles and Shakes provide a natural and rustic appearance and are commonly used for their aesthetic appeal, lasting 25 to 30 years.
  • Rubber Roofs are durable and waterproof, preferred for low-slope and flat roofs, with a lifespan of up to 50 years.
  • Green Roofs are environmentally friendly roofs that enhance insulation, extend the underlying roof’s lifespan, and add a lush look. They can last anywhere from 30 to 50 years or more.

How Much Does a Roof Cost?

Roof replacement usually costs between $4 and $40 per square foot. The average cost is $7 per square foot. However, the costs will vary depending on the materials used, the complexity of the project, and the geographic location.

Installation Costs

Roof project pricing will fluctuate based on the type of material chosen, roof shape, its durability, aesthetic qualities, and the market conditions at the time of purchase. These are the average costs of standard asphalt shingle roof installation based on the size of your roof:

Roof SizeAverage Cost
1,000 sq. ft.$7,000
1,100 sq. ft.$7,700
1,200 sq. ft.$8,400
1,500 sq. ft.$10,500
1,600 sq. ft.$11,200
1,700 sq. ft.$11,900
1,800 sq. ft.$12,600
1,900 sq. ft.$13,300
2,000 sq. ft.$14,000

Note that prices can escalate quickly if you choose premium materials like slate, which can cost upwards of $1,000 to $6,000 per 100 square feet. 

Materials Costs

The roof materials costs per 2,000 square feet for each material are estimated below:

Roof MaterialEstimated Cost
Asphalt shingles$8,000 – $17,000
Galvanized steel$14,000 – $30,000
Cedar shakes$14,000 – $32,000
Concrete tile$15,000 – $40,000
Aluminum$16,000 – $34,000
Slate tiles$19,000 – $52,000
Clay$22,000 – $50,000
Copper$42,000 – $80,000

Components Costs

The prices may differ from minor parts to major roof components. The average cost for some common roof parts includes:

Roof ComponentAverage Cost
Vents$163
Chimney Flashing$350
Gutters$370
Ridge Capping$500
Verge$500
Skylights$550
Dormer$625
Valley$650
Eaves$1,600
Rafter Tails$1,650
Trusses$2,750
Fascia/Soffits$3,300

Repair and Maintenance Costs 

Roof repair and maintenance typically cost between $1,500 and $8,000. Here’s a more detailed breakdown for each type of work: 

Type of MaintenanceAverage Cost
Patching holes$150 – $1,000
Fascia damage$600 – $6,000
Flashing damage$150 – $1,000
Leaks$400 – $2,500
Sagging$750 – $4,000
Rot$800 – $5,000
Water damage$800 – $7,000

Common Roofing Problems

Roofing issues can significantly impact your home’s integrity and lifespan. But with roof financing, you can solve problems quickly without having to worry about a large upfront investment. These are the frequent problems homeowners may encounter:

  • Water infiltration is the most common roofing issue, usually caused by cracked or missing shingles, broken tiles, or improperly sealed vents and chimneys. Such leaks and moisture can lead to structural damage, mold growth, and insulation problems.
  • Inadequate ventilation can lead to heat and moisture accumulation, resulting in roof rot and deteriorating insulation.
  • Flashing failures due to incorrect installation or aging can lead to leaks around chimneys, vents, and skylights. Failed flashings must be replaced or repaired with high-quality sealing materials.
  • Damaged shingles can result from weather events, falling debris, and wear over time. Not addressing this promptly can lead to further leaks and structural damage.
  • Ice dam formation results from cold climates, which prevent snow from draining and leading to water seepage under the shingles. Solutions include improved attic insulation and ventilation, and installing roof heating cables.
  • Clogged gutters can cause water to back up and damage roofing components. Regular cleaning and gutter guard installation can prevent this.

Factors to Consider Before Roof Installation

When considering roof replacement financing, there are several factors that you should keep in mind.

Climate Conditions

Climate Conditions

Materials have to be suitable for your climate while maintaining an aesthetic appeal. For instance, if you live in areas prone to heavy snow, a steeper roof with slippery surface material like metal can help prevent snow accumulation. Conversely, in hotter climates, reflective properties and lighter colors can reduce heat absorption and prevent the home from overheating.

Timing and Seasonal Considerations

Timing and Seasonal Considerations

Spring and fall are usually better for roof installations because of their moderate weather conditions. Avoid extreme summer heat and cold winters, which can complicate installation and make it more costly. Additionally, contractors may have more availability during off-peak seasons, which could also translate into lower costs.

Energy Efficiency

Energy Efficiency

Consider energy-efficient shingles and features like cool roofing, proper insulation, and ventilation systems that can reduce heating and cooling costs.

Materials like white tiles, special reflective shingles, or metal roofing can decrease surface temperatures by up to 50 degrees Fahrenheit.

High R-value insulation materials can help maintain temperature stability inside your home.

For ventilation, soffit vents, ridge vents, and attic vents are the most energy-efficient options to maintain airflow and regulate attic temperatures.

Local Building Codes and Permits

Local Building Codes and Permits

Before starting any roofing project, make sure you comply with local building regulations. In some cases, you might need to obtain permits from local authorities to start roofing construction. These permits are needed to ensure the safety of your roof replacement project and they can cost between $100 and $500.

Budget

Budget

You might have really exciting plans for your roofing project, but make sure that what you envision aligns with your available budget. A roof financing calculator can help you punch the numbers.

Start by creating a detailed budget that reflects the costs of materials, labor, and disposal. Make sure to also set aside a contingency fund of about 15% to 20% to address unexpected expenses.

Benefits of Roof Financing

Roof financing opens a door of opportunities that let you update or repair your roof without the burden of immediate, out-of-pocket expenses. Here are some direct benefits of choosing metal roof financing and other types of financing a new roof with Renovate.com:

Competitive Rates

Competitive Rates

When you finance your roofing project through Renovate.com, you get competitive rates from a reputable financing company.

Inclusive Credit Solutions

Inclusive Credit Solutions

We have one of the most diverse financing networks in the industry. Our solution caters to a wide range of credit profiles, making it hassle-free to find a financing option.

Large Merchant Network

Large Merchant Network

At Renovate.com, we connect homeowners with skilled roofing contractors offering financing options. Our extensive national network includes highly reputable professionals committed to providing superior service and flexible payment solutions.

This accessibility helps you find the right contractor with the right financing plan for your project.

Streamlined Digital Loan Application

Streamlined Digital Loan Application

Applying for roof financing is straightforward. Simply enter your personal, financial, and project details on our website to initiate the process. The online application is quick, and you may receive a pre-qualification offer directly on your screen within minutes, simplifying the path to starting your roofing project.

Apply for a Loan

Apply for a Roof Loan

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Roof Financing FAQ

In general, financial institutions require a minimum credit score of 600 to qualify for roof financing with favorable terms. However, some lenders may consider other factors as well, such as your income. Remember that lower credit scores generally entail higher interest rates and additional collateral.

Make sure to obtain detailed quotes from several contractors to compare prices and scope of work. Be attentive to ensure all expected tasks and materials are listed in the contract and set aside 10% to 20% of the budget for unforeseen expenses just in case.

There are several factors that influence the cost of roofing, most commonly:

  • Material costs
  • Labor costs
  • Roof size and design
  • Geographical location
  • Existing roof condition

That’s what we’re here for. Get started by requesting a financing offer through one of the contractors in our network.

The average roof replacement cost is $8,314. With an APR of 7% and a 10-year loan term, the average monthly payment would be approximately $96.53. However, please note that these rates are for informational purposes only and may not reflect the actual cost of a roof loan in your area.

Unfortunately, there are no lenders that will finance your roofing project without checking your credit score. Don’t ever trust any advertisement that states “no credit checks,” as these might be scams. However, some lenders might provide financing if you have bad credit, although at higher interest rates.

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Renovate.com is a financial service technology provider specializing in connecting merchants and consumers with our network of independent lenders and contractors. While we host an application process on our platform, we are not a lender and do not make credit decisions. Our role is to facilitate the connection between consumers and potential lenders. This platform does not constitute a solicitation by Renovate.com to offer loans; all loan solicitations, terms, and conditions are provided by our independent lending partners.
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The offers that appear on Renovate.com are from companies from which Renovate.com receives compensation. This compensation may impact how and where (including the order in which) offers are presented to consumers. Renovate.com does not make loan offers but instead pairs potential borrowers with lenders and lending partners. We are not a lender, do not make credit decisions, broker loans, or make short-term cash loans. We also do not charge fees to potential borrowers for our services and do not represent or endorse any particular participating lender or lending partner, service, or product. Submitting a request allows us to refer you to third-party lenders and lending partners and does not constitute approval for a loan. What you may be presented is not inclusive of all lenders/loan products and not all lenders will be able to make you an offer for a loan.