Roof financing tips
A new roof is a big investment, but you have more options than you may realize.
How to pay for a new roof with contractor financing¹
Many contractors offer financing for your roof project
Contractors know that their success depends on your ability to afford their professional services. Many now offer attractive financing options that put high-quality roofing solutions well within reach of your budget. Ask your contractor if they offer financing.
¹ For informational purposes only and not for the purpose of providing financial, legal, insurance or tax advice. GAF does not provide financing, and any loan or other financing programs promoted by GAF are provided to the homeowner or consumer directly by licensed and regulated third party financial organizations unaffiliated with GAF. Financing is subject to availability, lender approval, credit requirements and terms and conditions.
Benefits of contractor financing for your roof replacement
Your priorities are just that: yours. So whether you’re concerned about speedy repairs, cash flow, or upgrading your home improvement project, financing may ease your concerns and open up new possibilities.
GET YOUR ROOF FIXED FAST
Some financing plans make funds available virtually immediately, enabling your contractor to get started quickly.
KEEP CASH IN THE BANK
If you’re concerned with keeping funds liquid for a “rainy day,” financing may help you protect your savings.
UPGRADE YOUR ROOF
A new roof project may inspire you to take on other home improvements — or even to simply upgrade your roof!
Pay your deductible
Insurance deductibles can sometimes take a bite out of household savings. The right financing plan can help you tackle the deductible and pay it off in manageable monthly payments.
Financing options for homeowners
Learn about the benefits of homeowner financing of roofing projects with the CARE team at GAF.More homes and businesses in the U.S. are protected by a GAF roof than by any other product. We are the leading roofing manufacturer in North America, with plants strategically located across the U.S. As a Standard Industries company, GAF is part of the largest roofing and waterproofing business in the world.
Types of loans
Many contractors can offer a variety of loan types to suit your needs, including deferred interest and deferred payment loans, as well as loans with varying interest rates, and terms that range from 2-15 years.
Loan features
Contractors may offer loans requiring no collateral, low monthly payments, no fees, no prepayment penalties, or any combination. Explore your options.
What will my roof financing payments look like?
Interest rates vary based on many factors. The below chart offers a rough idea of what payments might look like in a typical financing agreement. The chart is for illustrative purposes only and does not reflect specific loan terms nor is it an offer for a loan. GAF does not offer financing.
| Loan Amount2 | Monthly Payment | 9.99% for 120 months | 6.99% for 60 months |
| $5,000 | No payments for 12 months with 0% Interest3 | $66.00 | $98.98 |
| $10,000 | No payments for 12 months with 0% Interest3 | $132.00 | $197.96 |
| $25,000 | No payments for 12 months with 0% Interest3 | $330.00 | $494.91 |
| $35,000 | No payments for 12 months with 0% Interest3 | $462.00 | $692.88 |
² For illustrative purposes only. Loan terms change regularly. All loans are subject to credit approval.
³ 12 Months No Interest No Payment: For the first 12 months, there is no monthly payment required. This allows you to pay off the loan at the most convenient time for you within that 12 month timeframe. However, if you aren’t able to pay off the loan within 12 months, the monthly payment will be based on your loan interest rate (17.99% to 26.99%) and the remaining balance.
What to expect during the application process
Contractor financing programs and their approval processes may vary, but applying for contractor financing is typically pretty easy. The steps below represent common information and timelines.
YOU CAN OPTEN APPLY ON YOUR PHONE
You may be offered a secure application you can complete through your phone
PROVIDE BASIC INFO
Applications will usually require your social security number, income, and proof of identity
GET FAST APPROVAL
While timing for approval varies among lenders, thanks to digital processing, decisions can often be made in fewer than 60 seconds
Choose professionalism and great warranties
Contractors certified by GAF
All contractors certified by GAF are insured and licensed in states that require it*
Find a contractor
Quality roof materials
GAF is an industry leader that produces quality, innovative roofing materials.
Strong warranties
Only contractors certified by GAF can offer our strongest warranties.
*Contractors enrolled in GAF certification programs are not employees or agents of GAF, and GAF does not control or otherwise supervise these independent businesses. Contractors may receive benefits, such as loyalty rewards points and discounts on marketing tools from GAF for participating in the program and offering GAF enhanced warranties, which require the use of a minimum amount of GAF products. Your dealings with a Contractor, and any services they provide to you, are subject to the Contractor Terms of Use.
Frequently Asked Questions
As with any credit program, the better your credit score, the more likely it is that you’ll be approved for loan with a lower interest rate.
The approval process for a home improvement loan will vary from lender to lender, but many can now offer approvals in as little as 60 seconds, and some can make funds available in as little as one business day. Do not be surprised, however, if a lender requires slightly more time for approvals and it takes a week or more to make funds available.
The primary difference between a home improvement loan and a home equity loan is scale. Since a home improvement loan is an unsecured personal loan and can be processed relatively quickly, it’s usually used for smaller projects. A home equity loan often takes longer to process, is for a larger amount, a longer term, and will often offer a lower interest rate.
A home improvement loan may offer a lower interest rate than a credit card, but that is not always the case. It’s best to research the terms and lending criteria of each option in order to choose the one that suits your financial priorities.