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Can You Finance Your New Roof? (Do Roofing Companies Offer Financing)

October 21st, 2022 | 3 min. read

Can You Finance Your New Roof? (Do Roofing Companies Offer Financing)

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Needing a new roof can be an overwhelming experience. Trying to figure out how to pay for it can be even more overwhelming. 

Unfortunately, there’s nothing you can do about the big expense of a new roof. That's why a lot of homeowners ask, “If I can’t pay for my entire roof right now, can I finance it?”

For over 30 years, the team at Bill Ragan Roofing has answered important and tough questions about the roofing industry. Because of this, I'll break down what you need to know about a financing a new roof. 

This article answers the following questions:

  • Can you finance a new roof?
  • Why you would finance a new roof?
  • Do roofing companies offer financing?

Can you finance a new roof?

Just like financing a new car, you can finance your new roof. It’s actually a pretty easy process to finance a new roof. 

I’ll be using our company (Bill Ragan Roofing) and the financing company we use (Acorn), as an example. 

First, you’ll get an estimate for the cost of your new roof from a local roofing company. After learning the price of your new roof, you’ll be directed to the Acorn.

There you'll answer some questions, get approved (depending on your credit score), decide how long you want to make payments, and agree on a monthly payment. Once approved, Acorn will fund your roofing project and you’ll be ready to get your new roof.

After the replacement process is complete, you’ll sign off that you’re happy with the work and your payments begin 30 days after they pay your roofing contractor. This is just a quick example of how the process works with us.

If you’re interested in financing your new roof, talk to the local roofing contractor you hire about where to begin. 

Why would you finance a new roof?

Now you know you can finance your new roof and a little bit about the new roof financing process. But why would you finance your new roof in the first place? 

That honestly depends on your specific situation. Most homeowners don’t have the money to pay for a new roof all at once. Financing simply makes it easier to afford the investment of a new roof with easy monthly payments.  

Some homeowners don’t want to mess with their financial portfolio and want monthly payments with the option to pay it off early. Or maybe they don’t want to dip into their savings, college fund, retirement, etc. 

No matter what the money situation is, financing is a great option for anyone. 

Do roofing companies offer financing on a new roof? 

I already mentioned that we here at Bill Ragan Roofing use Acorn Finance to give our customers the option to finance their new roof. But is it common for roofing companies to offer financing?

While they may not provide financing themselves, most roofing companies will offer it through an outside financing company. The local roofing contractor you hire will walk you through the process to get approved. 

But just know that your roofing contractor has nothing to do with the approval process. They can point you in the direction about who to finance through, but it’ll be up to criteria set forth by the financing company that determines approval. 

How much will your new roof cost?

Now you know that financing a new roof is a great option for anyone. Remember, your roofing contractor has nothing to do with the approval process. 

But before applying for financing, don't you want an idea of the amount you’ll have to finance in the first place? Unfortunately, the roofing industry doesn’t like to talk about the pricing of a new roof. 

But we like to do things a little different than other roofing companies. While I can’t give you an exact number without a roof inspection, I can at least give you an idea.

That’s where our Roof Cost Calculator comes into play.  

The team at Bill Ragan Roofing has provided high-quality roofing services to the residents of Nashville and surrounding areas since 1990. We offer financing through Acorn, so our customers have plenty of payment options to afford a quality roof.

If you’re local to Nashville, don’t hesitate to Contact Us so we can give you the beautiful roof you deserve.

Check out our Roof Cost Calculator to get an idea of the cost of your new roof.

roof cost calculator

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