Roof replacement loans
A roof replacement loan is a personal loan used to pay for a new roof or major roof repair. It funds fast, needs no home equity, and spreads the cost into fixed payments. If the damage came from a storm, check your homeowners insurance first, since it may cover part of the cost.
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- No personal info to CLO
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Loan terms from 2 to 60 months. Rates vary depending on the lender, your credit and your state. Maximum APR is 35.99%.
Before you finance a roof
- If wind, hail or a fallen tree caused the damage, call your homeowners insurer before you sign anything.
- Get at least three written quotes that list materials, tear-off, disposal and warranty.
- Ask what happens if the crew finds rotted decking, and what it costs per sheet.
- Borrow the quote plus your deductible or a small buffer, not the maximum you're approved for.
Why a personal loan fits roof work
- Roofs can't wait weeks for a home equity appraisal and closing.
- A fixed payment makes a large, one-time bill predictable.
- Pre-qualifying uses a soft credit pull, so you can compare lenders before the roofer's deadline.
Watch out for
- Storm chasers who go door to door after bad weather and ask for large deposits.
- Contracts that let the roofer negotiate your insurance claim for you. Some states restrict this.
See which lenders will work with you
Pre-qualify in minutes. Checking your rate won't affect your credit score.
Common questions
Can I finance a roof with bad credit?
Some lenders approve lower scores, usually at higher APRs. Pre-qualifying shows which lenders will work with you without affecting your score.
Does homeowners insurance pay for a new roof?
It may cover damage from sudden events like wind or hail, minus your deductible. Wear and age usually aren't covered. Check your policy and call your insurer before work starts.
How fast can I get a roof loan?
After you choose an offer and the lender receives your completed application and documents, final approval typically takes 1 to 3 business days with good to excellent credit, or up to 5 to 7 business days for higher-risk applicants. Once approved, most lenders send the money directly to your bank account within 24 to 48 business hours.
Ready to compare offers?
Pre-qualify in minutes. Checking your rate won't affect your credit score.