When you’re hit with major roof damage, coming up with the cash to get it fixed may be a challenge. That’s when a roofing company that finances – in addition to performing repairs -- could be an enormous help.

“Sounds excellent,” you’re probably thinking, “but how exactly does it work? Will I be able to get financing with bad credit? And how do I find roofing companies that finance near me?”

Let’s find out.

How A Roofing Company That Finances Can Help You

1. Fast, uncomplicated financing. The last thing you need in a home emergency is scrambling around to come up with the cash. Yet standard loan applications tend to involve a ton of paperwork plus a waiting period of 7 days or more for approval. By contrast, when you deal with a roofing company that finances, the funds are usually available right away.

2. Competitive interest rates. Forget about using your credit card to cover roof repair – you’ll pay an annual interest rate of about 17%. (Ouch!) Roofing contractors that finance are partnered with reputable lending institutions, and offer credit at much more affordable rates. 

3. Reasonable terms. Depending on your individual situation, the financing repayment period ranges from several months to a year or more. This will give you a reasonable breathing space to pay off the loan.

Roofer Financing With Bad Credit

Even with bad credit, you have a good-to-excellent chance of obtaining roofer financing. Often with this type of loan, your ability to make regular payments is at least as important as your credit score. Don’t be shy; find a roofing company that finances and discuss the possibilities with them up front.

Find Local Roofing Contractors With Financing

When you search Google for roofing contractors in Des Moines, take your request one step further by simply using the phrase “roofers near me that finance.”

Finance A Roof Replacement

Roof damage varies. The roofing contractors who come to your home to provide estimates might say that just a few new shingles will take care of it, or you might need a whole new roof. Although, on average, roof replacement costs $7,800 (more if you own a very large home or choose an expensive slate or metal roofing material), you will be able to handle it, with the help of contractor financing.