6 Roofing Companies & Stores That Finance Roof Replacements/Repairs

Short Answer

Many roofing companies offer lines of credit to help you pay for a new roof. National roofing companies that offer financing include Baker Roofing, Long Roofing, and Sears. If you can replace or repair your roof yourself but still need help paying for supplies, both Lowe’s and The Home Depot offer project financing. Other ways to finance a roof include through a homeowners’ insurance claim, a home equity line of credit, or an allotment loan. For more roof replacement financing options, see below.

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Roofing Companies That Finance

Since a new roof can cost thousands of dollars, many roofing companies offer financing options. And, financing through a roofing company (instead of, say, taking out a personal loan) can potentially save you money as companies often have access to special rates from banks and pass these savings on to their customers.

In addition to the national roofing companies listed below, many local roofing companies offer financing. For roofing companies in your area that offers financing, try an online search for “roofing companies that finance near me.”

Note: During our research, none of the roofing companies we contacted would provide minimum credit score requirements; for this information, you’ll need to request a quote and discuss your financial situation with the roofing company directly.

Baker Roofing

Baker Roofing is one of the largest roofing contractors in the nation and offers both residential and commercial services. For financing specifics, you’ll need to contact the location nearest you.

Financing options: Varies by location
Minimum credit score: Varies by location and individual
Minimum down payment: Varies by loan type
Minimum monthly payments: Varies by loan amount and type
Request a quote

Long Roofing

Long Roofing offers both residential and commercial services. For financing specifics, you’ll need to schedule a free, no-obligation consultation and estimate.

Financing options: Term loans and lines of credit
Minimum credit score: Varies by location and individual
Minimum down payment: Varies by loan type
Minimum monthly payments: Payments can be as low as $12.50 for each $1,000 financed
Request a quote

Owens Corning

Owens Corning is a brand of shingles and roofing options. Owens Corning Roofing Contractors’ Network is made up of independent contractors — some of which offer to finance. If a contractor does offer financing, it will be listed as part of his/her credentials on Owens Corning’s contractor page. For financing specific, you’ll need to contact a local contractor.

Financing options: Varies by contractor
Minimum credit score: Varies by contractor
Minimum down payment: Varies by loan type
Minimum monthly payments: Varies by loan amount and type
Request a quote

Sears Home Improvement

Sears offers residential roofing services through its Sears Home Services division. If you’re military or a first responder, you can get a 5% discount. In order to get financing, you’ll need to sign up for a Sears credit card. Sears often has special promotions for new cardholders.

Financing options: Line of credit
Minimum credit score: Usually 640 and above
Minimum down payment: None
Minimum monthly payments: Varies by loan amount
Request a quote

Home Improvement Stores With Financing

If you’re a do-it-yourselfer, you can save some money by installing a roof yourself. But you’ll still need to purchase materials. Home improvement stores like The Home Depot and Lowe’s have project loans that you can pay off in monthly installments.

The Home Depot

The Home Depot offers a project loan, with loan amounts up to $55,000. You will have 84 months to pay off this type of loan.

Financing options: Project loan
Minimum credit score: Not disclosed
Minimum down payment: None
Minimum monthly payments: Varies by loan amount
Apply

Lowe’s

Lowe’s offers project financing through its Lowe’s Advantage Card. Lowe’s often has special promotions for new cardholders.

Financing options: Line of credit
Minimum credit score: Not disclosed
Minimum down payment: None
Minimum monthly payments: Varies by loan amount
Apply

Other Ways to Finance a Roof

Homeowners’ Insurance Claim

If your roof was damaged in a storm or other type of natural disaster, a replacement should be covered by your homeowners’ insurance policy. You’ll still have to pay your deductible, which varies based on your policy, but the deductible will likely be a far cheaper option than paying for a roof replacement on your own.

Home Equity Line of Credit

Alternately, you can apply for a home equity line of credit (HELOC). Most financial institutions require a minimum credit score of 620 and/or a debt-to-income ratio below 40 to qualify for this type of loan. But, if you meet these minimum requirements, HELOC APRs are usually significantly cheaper than other loan options.

Allotment Loan

If you don’t qualify for the above options, an allotment loan may be an option. With an allotment loan, the loan payment is taken directly from your paycheck. This guarantees that the lender will be paid, meaning it’s easier to qualify for this type of loan if you have bad credit. For more information on allotment loans and lenders, see our related article.