Roof financing in Northern Illinois We’re a roofing company with payment plans in Illinois

3 ways to pay for roofing in Illinois

Our Northern Illinois roofing team will help you determine the best payment plan for your budget. For new exterior projects, our roofing customers typically choose to make a down payment and make small monthly payments on the remaining balance - the choice is yours! We offer three standard payment plans for roofing projects:

• 12-month 0% interest financing

  Benefit from our 12-month roof financing program with no initial payment and zero interest. Spread the total cost over the course of a year through manageable monthly payment that fit within your budget.

• 10-year roof financing

  Lower your monthly payments with our 10-year roof payment plan. The cost of your roof repair or replacement is divided over a 10-year period, with affordable monthly payments included. Enjoy hassle-free financing with no down payment required.

• Pay-in-full

  Opt for a single payment to cover the total cost of your roofing repair, maintenance, or new installation, bypassing the need for monthly payments. This choice eliminates the need for financing.

Accepted forms of payment for roof financing

We accept roof financing payment through credit card (we accept all major carriers) checks, or cash. Choose the payment option that is most convenient for you and your budget.

How to qualify for roof financing

5 factors to consider

1. Credit score: Lenders may check your credit score to evaluate your creditworthiness. A good credit score typically increases your chances of being approved for financing and getting favorable interest rates.
2. Income: Lenders may consider your income to ensure that you can afford to repay the loan. You may need to provide proof of income, such as recent pay stubs or tax returns.
3. Debt-to-income ratio: Lenders may also consider your debt-to-income ratio, which is the amount of debt you have compared to your income. A lower ratio may improve your chances of being approved for financing.
4. Property value: The value of your home may also be considered, as lenders may use it as collateral for the loan.
5. Down payment: Some lenders may require a down payment or collateral to secure the loan.

What credit score do you need to finance a roof?

A credit score of 650 or higher is usually considered good and may increase your chances of being approved for financing at a competitive interest rate. However, some lenders may offer financing options to borrowers with lower credit scores as well, although the interest rates may be higher.

Why you should finance your roof

Home improvements can get expensive, but they’re a necessary investment for any homeowner. We understand that not every family can pay for a roof replacement up front, which is why we offer financing on all our projects. Financing allows you to break down that lump sum into affordable monthly payments. Other benefits of financing your roof include:

• Immediate repairs: Financing allows you to make immediate repairs without depleting your savings account.
• Energy-efficiency: Save money on energy bills with more energy-efficient roofing, siding, or windows.
• Increase home value: Financing allows you to increase your home’s value, which is especially useful if you plan on selling in the near future.
• Return on investment: Overall, home improvement projects are shown to have a return on investment between 65-80% over the course of their lifespan.

Interested in financing your next roofing project? Contact our Illinois roofing contractors today!

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