The South Florida Roofing Company You Can Trust

Pace Program – The property assessed clean energy (PACE) model is an innovative mechanism for financing energy efficiency and renewable energy improvements on private property. This includes roofing improvements and exists for both residential properties and commercial properties.

Federal Housing Administration (FHA) Title I Loans – HUD insures private lenders against loss on property improvement loans they make. Both large and small improvements can be financed and this includes roof financing. To qualify for this loan property owners must be in good credit standing. A property owner may apply at any lender (bank, mortgage company, savings and loan association, credit union) that is approved to make Title I loans. Beware of deceptive home improvement contractors. For additional information on that program, call (800) 767-7468 and request item number 2571.

Credit Cards – If you qualify for a new no-interest credit card, you may consider using it for your roof financing. A lot of these credit cards also offer up to 2x points that puts cash in your pocket that can be used to immediately put towards the cost. It’s important to understand the terms of the no-interest financing and have a plan for the repayment.

A Home Equity Line of Credit (HELOC) – This is a line of credit that uses an owner’s home as collateral. As long as you have equity in your home (actual value of home minus any mortgages or debt against it) you can speak with a private lender about borrowing some of that equity for your new roof. This can be a good option because rates can be low and you can extend it over a long period of time resulting in low monthly payments.

Savings – Once you know that you will need a new roof in the coming years it is a good idea to start putting money away immediately. A new roof can be expensive and starting to save early will lessen the impact when the time comes to replace your roof.