Roof financing tips
How to pay for a new roof with contractor financing1
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
Keep cash in THE bank
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
Types of loans
Loan features
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.
312 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.
Choose professionalism and great warranties
Contractors certified by GAF meet professional standards that allow them to offer GAF’s strongest manufacturer warranties.
Contractors certified by GAF
All contractors certified by GAF are insured and licensed in states that require it*.
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.
Frequently Asked Questions
How does my credit score affect roof financing?
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.
How quickly can I get a loan for my roof?
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.
How’s a home improvement loan different from a Home Equity loan?
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.
Is a home improvement loan better than a credit card?
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.