You notice it every time it rains, that ceiling stain getting darker, a subtle reminder that something up there isn’t right. Or maybe you’re managing a property, and your inbox just pinged with another “leak in Unit 3A” message. Either way, your roof isn’t waiting for the right moment in your budget, but with the right roof financing option, you don’t have to either.
At RoofAdvisor, we understand that your roof doesn’t wait for your budget to catch up. That’s why we’ve partnered with a trusted financing provider to make dependable roof financing simple, affordable, and stress-free.
Here’s what we’ve learned after years in this business: the cost of waiting almost always exceeds the cost of acting. A loose shingle today becomes a leak tomorrow. A small leak becomes structural damage by next season.
Whether you need a complete replacement or essential repairs, addressing issues early protects both your property and your peace of mind.
Because you shouldn’t have to choose between protecting your property and protecting your finances, we offer roofing financing options. From time to time, we also have promotional financing offers for roofing projects.
How Homeowners Pay For Roofing
Even the strongest roofs don’t last forever, and replacing one can feel like a financial mountain to climb. If you’re wondering how to make it work, you’re not alone. Most homeowners don’t pay for a new roof in one lump sum. They plan for it, just as they would any other significant investment. The good news is that there are several smart, flexible financing options available that let you start your roofing project on your terms and pay for it over time. Your RoofAdvisor has the details on our current financing options available.
Paying with Cash
Paying in cash is the simplest and most cost-effective route. You avoid interest charges and monthly payments, and your project can move forward immediately.
Home Equity Loan or Line of Credit (HELOC)
A HELOC lets you borrow against the equity in your home; often, this route provides the lowest available interest rates. It’s a strong choice if you’ve built some equity and prefer repayment flexibility.
Personal Loan
Personal loans are unsecured, meaning your home isn’t tied to the loan. Rates are usually higher than home-secured loans, and repayment terms are typically shorter.
Home Improvement Loan
Some banks and credit unions offer dedicated home improvement loans for projects like roofing. They often provide fair rates and fixed terms, with requirements that depend on your credit and income.
Payment Plans Through Roofing Lenders
Many roofing companies partner with third-party financing providers to offer convenient payment plans. These plans are often lines of credit (like a credit card), but can only be used to pay the company that issued the plan. These plans are designed for homeowners who need quick approvals, manageable monthly payments, and who want to avoid the traditional bank loan processing.
Options may include:
- Little to no upfront costs to start the project
- Fixed or flexible payment terms
- Competitive long-term interest rates
- Promotional periods with deferred payments or reduced rates
It’s a straightforward way to complete your roof replacement now and spread the cost over time, helping you protect your home without sacrificing financial stability.
Before you decide, start with a free, no-pressure roof inspection.
With RoofAdvisor, you will always know exactly what your roof needs and what options fit your budget, before you commit to anything.
Flexible Payment Options That Fit Your Life
Choose a plan that works for you, whether it’s smaller monthly installments over a longer term or paying things off in bigger chunks.
Fast Approvals, No Upfront Costs
Start your roofing project without paying out of pocket. Most loan applications are approved in under 24 hours, so you can get the roof you need before Michigan weather gets the best of it.
What's the best way to finance a roof?
The best option depends on your credit and home equity.
Many homeowners choose low-interest home improvement loans, roofing company financing plans, or home equity lines of credit (HELOCs).
Your home’s equity can serve as collateral for secured loans, often resulting in better interest rates.
Can you pay monthly for a new roof?
Yes. Most financing programs allow you to make fixed monthly payments that fit your budget, often with little or no down payment.
This makes it easier to replace your roof right away instead of waiting and risking more costly property damage later.
Some financing providers even offer “same as cash” options for a limited time.
How to pay for roofing when you can't afford it?
You don’t have to put off necessary repairs.
Explore roof financing options, insurance coverage for storm damage, or local home improvement grants.
Consider options like personal loans, using your home’s equity as collateral for a HELOC or home equity loan, or even a 203k loan for more extensive renovations.
What credit score is needed for a roof?
Most lenders prefer a credit rating of 600 or higher, but there are multiple programs that consider lower scores or alternative factors.
Even if your credit history isn’t perfect, financing a new roof is often still possible.
Your debt-to-income ratio may also be considered in the loan approval process.
What is the cheapest cost to replace a roof?
The lowest-cost replacements use basic asphalt shingles on a simple, low-slope roof.
In the best-case scenario, you might see pricing around $4 per square foot, but it’s important to remember that the cheapest option isn’t always the best long-term investment.
Lower-end shingles may not last as long, meaning you could face another replacement sooner.
How to get money for a new roof?
Options include personal loans, home equity financing, insurance claims, or special roofing loans.
Some homeowners also consider a cash-out refinancing to fund their new roof cost.
The loan amount or principal amount you qualify for will depend on various factors, including your credit score and income.
What makes a roof uninsurable?
Insurance companies may consider a roof uninsurable if it’s too old (usually 20+ years), has extensive wear, curling shingles, leaks, or visible structural damage.
A professional inspection report can help determine if repairs can restore coverage eligibility.
Be aware of your policy’s deductible and any home warranty coverage that might apply.
What makes a house not qualify for financing?
Lenders can deny financing if major systems, like the roof, plumbing, or foundation, show significant defects that affect safety or habitability.
Fixing these issues before appraisal often restores eligibility and can even raise the home value.
Some government programs, like Title 1 loans, are specifically designed for home improvements and repairs.
Will insurance cover a new roof?
Insurance may cover a replacement if the damage was caused by a sudden event such as a storm, hail, or wind damage.
Normal wear and tear or neglect usually isn’t covered.
Our team provides detailed reports and works directly with your insurance company to make the process as smooth as possible.
Proudly Serving Communities in SE Michigan & Beyond
We’re proud to serve homeowners and businesses across Southeast and Mid-Michigan with dependable roofing solutions. Our team provides the same attention to detail and quality workmanship in every community we visit, whether you need a simple roof repair, a proactive roof inspection, or a complete roof replacement to boost your curb appeal.
Cities we regularly work in
- Ann Arbor
- Brighton
- Canton
- Howell
- Lansing
- Livonia
- Novi
- Plymouth
- Rochester Hills
- Sterling Heights
- Troy
This map represents our residential service area. We now offer our multi-family roofing services to the entire state!
Counties We Serve
- Genesee
- Ingham
- Jackson
- Lapeer
- Livingston
- Macomb
- Monroe
- Oakland
- St. Clair
- Washtenaw
- Wayne