Roof Financing Options
Are you considering a roof replacement but don’t have the funds required? Through roof financing, you can use personal loans to borrow money for the cost of your roof replacement or repair. With easy monthly payments and quick approval, you can replace your roofing without needing a large amount of capital to invest! As a roofing contractor, we provide great roof financing options, making replacements easy and affordable.
We offer flexible payment plans that can fit your budget and help you get the roof you need without breaking the bank. Plus, with our excellent reputation and years of experience, you can trust that you’re in good hands. We offer a range of roofing materials through our financing options, meaning that you can still have the roofing you want, without needing thousands of dollars to get started. With easy monthly payments, you can pay back your finance on a monthly basis over a period that suits you. Below, you can find out more about our roof financing options.
TDH Contracting is not a lender. Financing is available through Hearth Financing. All loans are subject to approval.
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Apply For Roof Financing With Us Today!
Are you looking to get started with Roofing Finance? Here at TDH Contracting, we provide a range of Roofing Finance Options from materials to services. If you are looking for finance options for your home or business property, we can help. Fill in the form below and a member of our team will be in touch to explain how our financing works and how you can apply for finance.
We can also visit your property for a free on-site inspection to look at your existing installation. Our team of roofing engineers can provide more advice about what services you require and what condition your roof is in.
Roof Financing Options
As a roofing contractor that offers to finance roof replacement, we provide a range of options. Through our partner, Hearth Financing, we offer affordable, easy finance options that make roof replacements and repairs simple. You can apply for the funds with the help of our team to finance the materials and roofing of your choice. As a lender, borrowing for work on your property may be worrying. Especially if you haven’t loaned or experienced financing before. Here at TDH Contracting, we take you through the entire process and help you to apply for the funds to suit your property. Below, you can find a selection of roofing materials that we offer finance for, along with what you can expect to pay.
Asphalt Shingles Finance
Asphalt Shingles are a very common residential roofing material, but with a common price too. Through Asphalt Shingles Finance, you can enjoy a new roof, without the big cost!
Metal Roofing Finance
Metal Roofing can be quite expensive. But through Metal Roofing Finance options, you can enjoy the benefits of metal roofing without needing the funds to do so!
Tile Roofing Finance
Tile Roofing is a common roofing material that is used on properties across the US. Through our Tile Roofing Finance, you can pay monthly for your new tile roof.
Flat Roofing Finance
Flat Roofing is great for commercial properties but can be quite expensive to install. Through Flat Roofing Finance, we can provide the service at a great monthly cost!
Slate Roofing Finance
Slate Roofing can cost thousands of dollars to install. Through Slate Roofing Finance, you can split that cost into monthly payments over a fixed loan period!
Composite Roofing Finance
Composite Roofing can transform the look of your property but at a cost. Through Composite Roofing Finance, you can pay for your new roofing on a monthly basis!
Cedar Shingles Finance
Cedar Shingles are a great way to improve the curb appeal and value of your property. Through Cedar Shingles Finance, we offer monthly payments to make it simple!
TPO Roofing Finance
TPO Roofing is one of the fastest-growing commercial roofing materials on the market. Through TPO Roofing Finance, we can install TPO at a monthly cost!
EPDM Roofing Finance
EPDM Roofing is a rubber membrane that is extremely durable and synthetic, protecting your property. Through EPDM Roofing Finance, you can enjoy EPDM without the funds.
PVC Roofing Finance
PVC Roofing is extremely strong and a great way of protecting your property from damage. Through PVC Roofing Finance, we can install new roofing at a great monthly cost!
Clay Tiles Finance
Clay Tiles are extremely strong but can also be quite expensive. Through Clay Tiles Finance, we can install clay tiles through a personal finance loan with Hearth Financing.
Discuss Our Options
Are you looking for Roof Financing? You can speak to a member of our team to discuss our finance options and what we can offer to suit both your budget and your property.
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Roof Financing Explained
Considering Roof Financing is great, but as a property owner, you need to understand the terminology and concept behind loaning money for your roofing. When loaning money in credit for your home or property, understanding the details of finance is important. As borrowers, it is your responsibility to understand the interest rate and financial information about personal loans and credit. Below, we have explained the financial terms along with the interest rate as APR:
- Term: Term refers to the length of the financial agreement between lenders and borrowers. This term is usually fixed and ranges from 12, 24 and 36 months. It is usually expressed as months or years.
- APR (annual percentage rate): APR refers to how much the lending company is charging you for the loan of the money. This rate may or may not include fees. It doesn’t include the compounding effect of interest as most interest compounds monthly. APR is a useful way of comparing interest rates and roof loans.
- Principal: Principal represents the total amount of money borrowed at the time of the loan.
- Interest: Interest is the cost of your loan including the Principal.
Work With A Roof Financing Contractor That You Can Trust!
As a Roofing Contractor, we have over 10 years of experience. From roof repair to complete replacement, our team of roofing engineers have worked with customers across the USA, delivering quality results. A large part of our service is Roof Financing. We provide affordable roofing services in the form of monthly payments to our customers, allowing them to pay for their roofing installation over a fixed period on a monthly basis.
We provide our Roof Financing options to several locations including Waterloo, Cape Coral, Florida, Omaha, Nebraska and more. If you are looking to work with a contractor that can provide you with affordable, realistic finance options then we can help. Our team are available to provide you with more information on loans, help you to apply and more.
Should You Consider Roof Financing?
As a homeowner, it is easy to forget about your roofing in daily life. It’s not something that you think about on a daily basis. Property owners often put off repairing or replacing roofing until a serious issue occurs. This results in the damage being unrepairable or extremely expensive. Also, the weather across the US is unpredictable, meaning that your roofing could become damaged without any prior warning.
You may have the funds saved for a rainy day when you need your roof repaired to replace. If so, that is brilliant and you may consider paying for your roofing services upfront, without financing or loans. You may have insurance that will cover the damage on your roofing but you may be left with a large deductible that’s not in your budget. Or you may decide to replace their entire roof with new, stronger materials rather than do a small repair.
Here at TDH Contracting, we offer roofing finance to suit any scenario. From a partial replacement to a completely new roof, we provide finance options with great APR to make your roofing affordable. But why should you consider roof financing?
Split A Large Cost Into Low Monthly Payments
By choosing to finance as your payment method, you can split a large cost into low monthly payments. Through a loan, you borrow the amount of the service, plus interest. This cost is then split into monthly payments across an agreed term. This term can range from months to years. The longer the period, the smaller the payments.
Depending on your credit rating and payment terms, you may be able to benefit from low-interest rates during the term. This is decided during the application process with our finance provider. New Borrowers with high credit ratings often benefit from lower interest rates, saving you money!
For example, a roof replacement loan of $12,000 for 120 months with an APR of 14.50% would result in low monthly payments of $189.94*.
*This is purely an example and not a representation of loans of financing with TDH Contracting or Hearth Financing.
Quick Approval Process
Applying for roof financing is extremely easy. The process of providing your details is seamless, meaning that you can apply for roof finance online or in the office with us. You will need to provide your details along with an electronic signature. Once you have applied, approval notices are usually with us in minutes. This means we can see exactly what you can borrow and discuss options for your home, with you.
Once approved, the money arrives with us in just days, meaning all you need to do is set up your monthly payments!
No Hidden Costs Or Payments
By financing with our partner, you can see your monthly payments and any fees upfront. This means that nothing is hidden and no surprises at the end of your term. We will take you through every cost and detail to ensure that you remain informed about the agreement and what we are offering. You can also see this at any time through your finance documents upon agreement.
A Contractor You Can Trust!
4 Options For Roof Finance
As a Roofing Contractor, we offer finance through our partner. This is known as contractor financing. However, you can finance roofing through other options, should another way of raising funds suit your finances. From home equity loans to personal loans, you can borrow money through a variety of methods and lenders with the same idea. You pay back monthly over a fixed period of time with a fee for borrowing the money. Below, we have covered each option for roof financing and how it works.
The first option for roof finance is Contractor Financing. As we have explained above, this is where you borrow money through a contractor or their partner. Many roofing contractors have relationships with lenders which allows them to offer loan packages. These are known as quick-approval loans, which are typically a form of unsecured personal loan, packaged for home-improvement use. Rates for contractor financing may not be the lowest, but the speed of a contractor finance application takes just minutes.
If you are considering finance for your roofing needs, considering contractor financing isn’t a bad idea. You can speak to a local roofing contractor to discuss more the terms and options on offer.
Another option for finance is in the form of a personal loan. You can use personal loans to finance roof repair or replacement. However, you’ll likely pay a higher interest rate than you would with other forms of loan. This is because personal loans are typically unsecured. This means that there isn’t an asset backing them, so lenders charge higher interest rates to counter the risk.
Also, with personal loans, the APR is highly dependent on your interest rate. Those with higher interest rates may be offered lower interest rates, depending on the lender. The main benefit of a personal loan is that personal loans aren’t secured by your home. This means if you find yourself unable to make payments, personal loans won’t put your house at risk.
You can also finance new roofing through the use of a credit card. The major downside of using a credit card is the APR and interest rates. With average APRs on new cards starting at around 19.9%, putting a new roof on your credit card would be a very costly option. However, still an option.
If your roof repair/replacement estimate is fairly low, some cards may offer 0% interest lending if you can pay an amount towards the costs. However, this is subject the card’s interest rates and the terms of borrowing on your credit card.
Home Equity Loan
A home equity loan, known as a second mortgage, allows you to use the part of your home that you own outright as collateral on a loan. This loan works like any other and you pay back in fixed monthly payments. A home equity loan repayment can last from 3 years to 30 years on average. Again, this depends on your agreement and term.
To calculate your home equity, you can subtract the amount you still own on your mortgage from the current market value of your home. For example, if your home has a value of $300,000 and you own $200,000, your home equity is $100,000. The amount your home is worth may vary, meaning you may have more or less home equity at the time of financing.
Lenders usually limit the loan amount to no more than 85% of your home’s value, minus the outstanding mortgage balance. Using the same example, this would be $255,000 ($300,000 X 85%), with a remaining amount of $55,000 after subtracting the outstanding mortgage balance of $200,000.
Interest rates for Home Equity Loans are typically fixed. Another advantage of using a home equity loan for roof financing is the potential ability to deduct the interest paid on the loan from federal income taxes. We recommend that you seek the advice of a financial professional to determine whether this applies to your situation.
However, there are some drawbacks to consider with home equity loans for roof financing. The approval process can be quite lengthy and comparable to that of a first mortgage. Additionally, the financing option does put your home at risk. If you miss payments or are unable to keep up with payments, you could lose your home.
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Frequently Asked Questions About Roof Financing
Roof financing is a process that allows you to borrow money to pay for the cost of repairing or replacing your roof. With easy monthly payments and quick approval, you can get the roof you need without having to invest a large amount of capital upfront.
TDH Contracting offers flexible payment plans that can fit your budget and help you get the roof you need without breaking the bank. Through our partner, Hearth Financing, we offer affordable and easy finance options that make roof replacements and repairs simple. We offer financing options for a variety of roofing materials including Asphalt Shingles, Metal Roofing, Tile Roofing, Flat Roofing, Slate Roofing, Composite Roofing, Cedar Shingles, TPO Roofing, EPDM Roofing, PVC Roofing, and Clay Tiles.
Yes, you can trust TDH Contracting for roofing financing. We have over 10 years of experience and a great reputation for providing affordable and quality roofing services. We provide our financing options through Hearth Financing and all loans are subject to approval.
Roofing financing works by allowing you to borrow money to pay for the cost of repairing or replacing your roof. You can choose from a variety of financing options with easy monthly payments that fit your budget. TDH Contracting offers financing options through Hearth Financing and all loans are subject to approval.
As a contractor, we provide roof finance across several locations including Waterloo, Nebraska, Omaha, Florida, Cape Coral and more. As long as your residential or commercial property is located in the US, our partner can provide you with finance options for our services. You can speak to our team to find out more about our options and what we can do for you with lending.