New Roof and Roof Replacement Purchase

The easiest method to finance your roof replacement or purchasing a new roof is to simply pay the full amount of the project. In the long run this gives you the highest value for cost savings. Purchasing your roof outright and upfront means that there are fewer third-party financial conditions to worry about. It also makes the timespan to experience a return on your investment even shorter and, in some cases, more cost effective.

Roof Replacement and New Roof Loans

When you finance your roofing project through a loan, you can use the loan toward the purchase of a new roof or roof replacement for your home. Roofing loan financing allows you to avoid the steep payments upfront while also giving you immediate and secure coverage of your home. Like a regular loan, it is paid off in monthly payments with an applied interest rate.

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Frequently Asked Questions

How much will a new roof cost?
As roofing specialists, quality and affordability are our top priorities. Every home is different, and the cost of your roof will depend on a variety of factors, including which roofing materials you choose and the size of your roof. That’s why we perform a detailed in-home inspection and written estimate before we do any roof installation. This estimate is completely free, with no pressure or obligation. Your free roofing estimate will be based on your needs, vision and budget.
Do you offer financing for roofing?
Buildpro has partnered with different financing companies to make getting a new roof easy and affordable! We also accept all major credit cards. For more information on our financing options please contact us at sales@gobuildpro.com.
What are the best ways to pay for a new roof?
There are lots of ways to pay for your roofing project, and the best way depends on what’s available to you. Let’s start with all the options out there.
  • Cash
  • Credit
  • Personal loan
  • Home equity loan
  • Insurance
  • Roofing company financing
  • Government funded home improvement loan
  If you have the cash on hand to pay for your roofing project, this is the best way to go since it’s all taken care of right away. However there are a lot of other options if this way isn’t available to you. The ways to finance your roof include using a credit card, a personal loan, or home equity loan. You can check with your credit card company and bank to explore these options and gather information about interest rates and payback timing. Another option is to go through your roofing company to finance your project. Some established roofing companies like Buildpro work with third party institutions to get you approved for roofing home-improvements. This way is a lot more straightforward than taking out personal or home equity loans since most of the steps are done in-house. Another option is getting funding through a government home improvement loan. You may be eligible for a loan like this if you own a single-family home, including a manufactured home, which has been occupied at least 90 days. You may also be eligible if the property type is for a nonresidential purpose or to finance the construction of a new exclusively non­residential, and structure. Read more here. In order to qualify for this loan, “improvements must substantially protect or improve the basic livability or utility of the property” and may be used in conjunction with a 203(k) Rehabilitation Mortgage. Read more about this option here. The last option includes going through your insurance in some cases of weather-related events. Read more below.
Can my insurance pay for a new roof?
It is possible to get your insurance to pay for a new roof depending on your policy and the circumstances surrounding why you need a new roof. If it’s because of a weather-related event, then homeowner’s insurance coverage might apply. But if you’re just looking to replace it because of age or to up its resale value, homeowner’s insurance likely wouldn’t assist with the cost.
Do roofing companies offer payment plans?
Yes. Some independent roofing contractors like Buildpro offer payment plans to help make roof replacement costs more affordable. Payment plans vary according to requirements, interest rates and terms, so contact us for more information.
How long can you finance a roof for?
Loan terms are going to vary by lender. Shorter loan terms mean you pay off the debt sooner, and likely pay less interest, but longer loan terms ensure your monthly payment is lower and more affordable. While you might pay slightly more interest over the long run, many homeowners choose a 120-month term or longer to ensure payments remain within their budget.

Speak with a Specialist About Financing for Your Roof

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