Replacing or repairing a roof is a major investment, and many homeowners are surprised by the cost. The good news is, there are several financing options available that can make a new roof more affordable without sacrificing quality. Understanding your choices will help you protect your home while staying within budget.
Why Roofing Costs Can Be High
Material Selection
Shingles, metal, tile, and specialty materials
The type of roofing material you choose greatly affects the cost. Asphalt shingles are generally the most affordable, while metal, tile, or slate can significantly increase the investment.
Roof Size and Pitch
Larger or steeper roofs cost more
The bigger and steeper your roof, the more materials and labor are required. Complex roof designs with valleys, dormers, or multiple levels also raise the cost.
Labor and Installation
Professional workmanship ensures durability
Experienced contractors may charge more, but their skill ensures a proper installation. A roof installed correctly lasts longer and prevents costly repairs down the road.
Financing Options for a New Roof
Personal Loans
Fixed payments and predictable terms
Personal loans are unsecured loans offered by banks, credit unions, or online lenders. They allow you to pay off the roof over time in monthly installments. These are ideal if you want predictable payments and don’t want to use your home as collateral.
Home Equity Loans or HELOCs
Borrow against the value of your home
A home equity loan gives you a lump sum, while a HELOC (Home Equity Line of Credit) allows flexible borrowing. Both use your home as collateral and often have lower interest rates than personal loans.
Roofing Company Financing
Convenient in-house payment plans
Many roofing contractors, including Browns Roofing, offer financing directly through lending partners. We proudly work with Momnt, a trusted financing platform, to provide quick approvals, flexible payment schedules, and homeowner-friendly terms. This option makes it easy to spread out the cost of your roof without the hassle of bank applications.
Credit Cards
Short-term financing with caution
Using a credit card may be an option for smaller roofing repairs. Some cards offer promotional 0% APR for new purchases, but high interest rates after the promotion ends make them risky for large projects.
Insurance Claims
Coverage for storm or accident damage
If your roof was damaged by a covered event (like hail, wind, or falling debris), your homeowners insurance may pay for repairs or replacement. In this case, your main responsibility would be the deductible.
Tips for Choosing the Right Financing Option
Compare Interest Rates and Terms
Not all loans are created equal — shop around to find the lowest rate and most manageable repayment period.
Consider Your Budget
Choose a financing option with monthly payments you can comfortably afford, even if it takes longer to pay off.
Ask About Special Programs
Some lenders or roofing companies offer energy-efficiency rebates, government-backed programs, or seasonal financing deals that can save you money.
Work With a Trusted Roofing Contractor
A reputable roofer not only provides high-quality workmanship but can also guide you through the financing process. At Browns Roofing, we make this simple by offering financing through Momnt, ensuring our customers get the roof they need without financial stress.
Schedule With Browns Roofing Today
Your roof is too important to put off. If you’re considering financing options for a new roof or roof repair, Browns Roofing is here to help. With flexible financing through Momnt, expert installation, and customer-focused service, we make it easy to protect your home and budget at the same time.
👉 Contact Browns Roofing today to schedule your roof inspection and explore financing options that work for you.