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Financing Options for a New Roof


You may want financing options for a new roof since roofing is one of the biggest expenses you’ll encounter when you own a home. New roofing can run around $20,000, depending on the size and materials of your house. And if you’re like many homeowners, you may not have the cash on hand to pay upfront for this major home improvement project. 

If you’re in need of a new roof, Googling for “roofing companies that offer financing near me” but put off by the high cost, we have some good news: Sugar Land Premier offers many options to help you finance your roofing project. Whether it’s a brand-new roof or re-roofing your existing roof, we have several ways to make it easier for you to get the roof you need within your budget. 

Financing Options for a New Roof in Houston TX

If you need to replace your roof, but you don’t have the money to pay for it upfront, here are some ways you can finance the project:

Personal loans 

This is one of the most common ways homeowners finance their roof replacements. By definition, a personal loan is a loan based on your creditworthiness that doesn’t require collateral to get approved. Because there’s no collateral involved and very little risk for the lender if you default on the loan, they will oftentimes require a high credit score to approve you and interest rates tend to be higher than other financing options for a new roof. 

Home Equity Loan or Home Equity Line of Credit (HELOC)

Another popular way to finance your new roof is with a home equity loan or a home equity line of credit (HELOC). These loans allow homeowners to borrow against their home’s value and repay the loan over time with fixed monthly payments. You can borrow what you need as you need it up to an approved amount and pay interest only on that portion. Rates are generally lower than for other loan types but be careful: If you fall behind on payments, you could lose your house.

Credit Card 

If you don’t want to borrow against your home’s value, a credit card might be a financing options for your new roof. However, this should only be pursued as a last resort on emergency roofs because of the sky-high interest rates associated with credit cards.

Homeowners Insurance

If you have a homeowner’s policy, you’re eligible to file a claim to receive pre-approved funding for replacing your roof if it was damaged by a hailstorm. Homeowner’s insurance does not cover wear and tear roof damage. Your policy will not pay for roof repairs or replacement if the damage is caused by a lack of maintenance or normal weathering over time. 

Cash-Out Refinance

A cash-out refinance is a popular way to pay for home improvements because it can provide borrowers with access to low-interest financing that’s based on the amount of equity in their homes. Refinancing your current mortgage allows you to combine your first and second mortgages into one loan with one monthly payment. If you’ve been struggling to manage multiple debts, this option could be the answer for you.

Government-Insured Loan

In general, government-backed loans have stricter guidelines than conventional home loans. However, if you have bad credit or a low income and can’t qualify for a conventional loan, this may be your best financing options for a new roof. Government-insured loans generally offer better interest rates than conventional loans because they’re less risky for lenders by offering a government guarantee.

New Roof Financing Through Sugar Land Premier Roofing

We acknowledge that many of our customers need help coming up with the money needed to pay for major home projects, such as new roofs. That’s why we offer a variety of financing options for a new roof for our clients in Sugar Land, and Houston, TX to help cover the cost of a new roof. We work with many banks and credit unions so we can offer you some of the lowest rates around. 

Our goal is to help make your roof replacement as affordable and convenient as possible, and we will work hard to make sure you can get the roof you need with minimal stress or hassle. With our financing options, you can enjoy the following benefits: 

  • Competitive rates and low-interest rates
  • Flexible payment terms that fit your budget
  • No hidden costs
  • Unsecured loans up to $75,000
  • Easy-to-understand and hassle-free paperwork
  • You can have the roof you want, not just what you can afford. 

How does it work?

We make the process simple for you. Once you choose us as your contractor and decide on your project, we will go over your options and get you pre-approved for financing. Then, once you are ready, we will set up a convenient payment plan based on the agreed-upon final cost of your project. 

Why choose Sugar Land Premier Roofing?

We pride ourselves on providing high-quality products and services to our customers. Our dedicated staff will work with you to find an option that meets your financial needs and gets you the roof you need now. We have years of experience helping clients like yourself find the right financing option so they can get their roofs installed and enjoy their homes again.  

If you’re ready to get started on your new roof project, contact SLPR today at 832-581-9234 to set up an appointment or stop by our office in Sugar Land TX. We’ll be happy to discuss our financing options for a new roof with you so you know what’s available and can find the best option that works with your budget. 

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