Hands with calculator reviewing roof financing options

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

Man and women homeowners working on roofing financing options with their GAF certified contractor

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!
Person reviewing roof replacement loan options with calculator

Types of loans

Many contractors can offer a variety of loan types to suit your goals and situation, including deferred interest and deferred payment loans, as well as loans with varying interest rates, and terms that range from 2 to 15 years.
GAF certified contractor reviewing roof with homeowners

Loan features

With the wide variety of loans available, you can evaluate your options based on your financial situation. 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 Amount2Monthly Payment9.99% for 120 months6.99% for 60 months
$5,000No payments for 12 months with 0% Interest3$66.00$98.98
$10,000No payments for 12 months with 0% Interest3$132.00$197.96
$25,000No payments for 12 months with 0% Interest3$330.00$494.91
$35,000No 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.

Mobile phone icon, representing applying for financing on your cell phone

ID icon, representing information you need to apply for your roof financing

Check mark badge icon, representing quick approval process for roof financing

Choose professionalism and great warranties

Contractors certified by GAF meet professional standards that allow them to offer GAF’s strongest manufacturer warranties.

GAF certified contractor fixing shingles on a roof

Contractors certified by GAF

All contractors certified by GAF are insured and licensed in states that require it*.

Close up of GAF roof shingles on a beige home

Quality roof materials

GAF is an industry leader that produces quality, innovative roofing materials.

Man and woman homeowner reviewing GAF warranty options

Strong warranties

Only contractors certified by GAF can offer our strongest warranties.

1Contractors 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

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.