Choosing a new roof is an important step for any homeowner. Whether the construction of your new roof is a necessary repair or an optional aesthetic addition to your home, it can be incredibly costly. Mapping out the logistics of financing a new roof can be stressful, but there are many options for homeowners today.
Government Loans for Roof Financing
Federal Housing Administration (FHA) Title I loans can be used for home improvements that will make your home more useful, which includes roof financing. Homeowners with limited equity and good credit will most likely qualify for this loan. Click here to find more information about these government loans.
If you plan to construct an energy-efficient roof, be sure to find out more about the Database of State Incentives for Renewable Energy (DSIRE). This database includes local, state, and federal incentives for making energy-efficient home improvements.
Credit Cards for Roof Financing
Under the condition that you qualify for a no-interest credit card, consider using it for financing your roof. Homeowners should be sure not to charge anything else to this card and break up the entire cost into 12 monthly payments. This is a solid option for financing your roof, however, it should only be used if you are careful and organized.
Financing with RNC-Fast and simple home improvement loans, no home equity required
Despite many financing options for homeowners today, the logistics of constructing a new roof can still be complicated. Fortunately, with the help of Hearth, a California-based finance and budgeting company, homeowners can renovate their homes with confidence. Hearth’s goal is to show homeowners how to craft an accurate budget for their remodels and connect them to financing options. Learn more about Hearth here.
Another good option that allows us to help homeowners finance in Maryland is Home Improvement Loan Pros. They have a number of different lending options for any budget.
Whether your new roof is an aesthetic decision or a much-needed repair, it can prove to be a costly renovation, and these resources and tools can be helpful in lowering the cost and budgeting correctly.SEE OUR RATES