How Roof Replacement Financing Works
1. Prequalify Online
Submit a short application. This initial step uses a soft credit pull and does not impact your credit score.
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2. Review Your Options
You’ll see multiple loan offers based on your credit profile. The soft prequalification is valid for 7 days.
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3. Accept & Finalize
If you choose to move forward, a full credit application is completed at that stage. That is when a credit inquiry may occur.
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4. Fund Your Project
Once finalized, funds are applied directly to your roof replacement project.
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No early payment penalties on any loan options.
Prequalification takes just a few minutes and does not impact your credit score. Financing subject to credit approval. Terms and conditions apply.
Estimate Your Monthly Payment
We work with ContractorLoan PRO to offer our customers financing that's simple, fast, and affordable so you can pay for your home project over time. Contractor Loan PRO powered by Momnt Technologies, Inc. arranges consumer loans used to purchase goods and services. All loans are originated by participating financial institutions​​
We recommend securing financing slightly above your initial estimate. During roof replacement, items such as permit fees, additional decking replacement, or homeowner-requested upgrades can occasionally arise once the existing roof is removed.
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Your loan is not automatically drawn in full. Funds are applied only to approved invoices, and you maintain control over what work is authorized. You are only responsible for invoiced project costs, not the total approved financing amount.
Frequently Asked Questions
Does prequalification affect my credit score?
No. Prequalification for roof replacement financing uses a soft credit inquiry and does not impact your credit score. A hard inquiry only occurs if you choose to proceed with a full loan application after reviewing your available loan options.
What credit score is required for roof financing?
Loan offers are based on your individual credit profile and reported household income. Prequalification allows homeowners in Madison and southern Wisconsin to view available roof financing options without impacting their credit score.
What are typical monthly payments for roof financing?
Monthly payments vary based on the total project cost, loan term, and credit profile. Our financing calculator allows you to estimate payments for your specific roof replacement project before completing a full application.
Can I pay off my roofing loan early?
Yes. There are no prepayment penalties on available loan options, so you can pay off your roof financing early if you choose.
Is financing better than using a HELOC?
Many homeowners use a HELOC through their bank, which may offer lower interest rates and potential tax advantages. Our roof financing options are designed for homeowners who prioritize speed, convenience, and a fully digital approval process.
If you choose to explore a HELOC, we recommend working with a trusted local bank, just as we believe homeowners are best served by hiring a local roofing contractor who understands Madison and southern Wisconsin homes.
What roofing projects are eligible for financing?
Financing is available for full roof replacement projects. Gutters, soffit, and fascia work may be included when completed as part of a reroof project. Solar installations are not included in this financing program.
How long does roof financing prequalification last?
Soft prequalification offers are typically valid for 7 days. During that time, you can review your options and decide whether to proceed with a full application.
How quickly can roof financing be approved?
Prequalification typically takes just a few minutes online. Once you choose a loan option and complete the full application, approval and funding timelines depend on lender requirements.
Is roof financing better than using a credit card?
Yes, usually, but it depends on how you plan to repay the balance.
If you intend to pay the full amount off immediately, or you have a short-term 0% promotional offer, using a credit card may be reasonable. However, we do apply a 2.9% - 3.6% processing fee to credit card payments, which should be factored into your comparison. The processing fee depends on the type of card used.
If you expect to carry a balance over time, structured roof financing can often be more predictable than revolving credit. Financing provides fixed payment terms and a defined payoff schedule, while credit card interest rates are typically variable and can compound quickly if the balance is not paid off.
As with any financial decision, we encourage homeowners to compare options and choose the approach that best fits their situation.