Roof Financing with Good or Bad Credit

With a new roof, everything is
looking up again.

The fast and affordable way to finance your new roof.

Every homeowner deserves to have a safe, secure roof over their home, but the high cost of replacing an old or leaky roof can leave you feeling frustrated and stressed.

Figuring out how to pay for a new roof isn’t always easy, but PACE financing can help you cover the costs, with fast and affordable financing. Our roof financing solution has no upfront costs, low-fixed rates, and long repayment terms. Best of all, we frequently offer same-day approval and we never use your credit score to determine if you are eligible.

Apply for Roof Financing

Replace your roof now with no upfront costs.

We offer 100% financing for new roof installations.

No credit requirement for roof financing.

We don’t use your credit score to determine if you are eligible, meaning you can get roof financing even with bad credit.

Don’t compromise on roof repairs.

With financing amounts up to 20%5 of the value of your home, we can help you get the funds you need to do the job right.

Select roof financing you can afford.

Long terms and low, fixed rates make repayment affordable.

Choose a roofing contractor who fits your needs.

We can connect you with a local PACE-approved contractor.

Enjoy great rates for your roof financing.

Home Run Financing rates are always fixed and start as low as 3.99% / 6.58% APR.1

What roof financing options do you have?

Many financing options for new roofs require long approval times, excellent credit scores, or short repayment terms. When your new roof can’t wait, we offer the perfect combination of 100% financing, long repayment terms, and fixed interest rates. All without any minimum FICO requirement. Use the chart below to compare new roof financing options.

	PACE Funding	Home Run Loans	Home Equity Line of Credit (HELOC)	Credit Card
Repayment Terms	Up to 30 Years	Up to 25 Years	Up to 30 Years	Not Applicable
Rate Structure	Always Fixed	Always Fixed	Fixed or Variable	Compounding
Approval Time	Within Minutes	Within Minutes	Up to a Month or Longer	Same Day
Approval Based on Credit Score	No	Yes	Yes	Yes
Obligation Shows on Credit Report	No	Yes	Yes	Yes
Lien on the Property	Yes	No	Yes	No
Tax Deductible Interest	Consult Your Tax Advisor	No	Consult Your Tax Advisor	No
Rates	3.99% Rate / 6.58% APR1	3.99% Rate / 6.2% APR2	Dependent on Credit Score	12.99% – 21.99% APR4
Enhanced consumer protections	Yes	Yes	No	No

Getting a new roof through Home Run PACE financing

It was really scary. The roof was going to cost $30,000 and we don’t have that money sitting in the bank. Where were we supposed to come up with that money?
Jessica and Christopher – Broward County, FL

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Why is it worth getting a new roof?

Replacing your roof can be a significant and expensive undertaking. However, it is important to consider both the short and long term benefits when assessing options for either repairing your roof or upgrading to a new roof entirely. While quick fixes, such as patching leaks, may be enough to get you through the next storm, these short term repairs often won’t last and may end up costing you more in repairs down the road.

Home Run Financing can often help homeowners get enough home improvement financing for a high quality roofing upgrade that will serve them well for decades to come. In addition to providing safety and coverage from heat and storms, there are several other benefits to consider when upgrading to a new roof.

Improved energy efficiency

Modern roof technology has become much more energy efficient. A new roof will help keep your home cooler in the summer and warmer in the winter. This not only makes your home more comfortable, but can also help reduce your energy bills.

Enhanced curb appeal

A new roof can greatly enhance the appearance of your home from the street. This not only upgrades the appearance of your home, but also helps your entire community.

Increased resale value

While often hard to estimate, a new roof may help you get a higher resale value if you decide to sell your home. This can vary significantly from market to market, but at a minimum a new roof can be a strong selling point to homebuyers and may put your home over the top relative to other homes in your market.

checking if insurance can pay for a new roof

Insurance discounts

Many home insurance providers offer policy discounts when a new roof is installed. A new roof may help reduce the chance of an insurance claim due to leaks, wind, hail, or fire. While every policy is different, if you do decide to upgrade your roof, be sure to check with your insurance provider to see if you may qualify for a roof related discount on your coverage.

Eligible in multiple states and more than 909 communities

Click a state below to confirm PACE roof financing is available in your area.

California

Florida

Missouri

New Roof Financing FAQ

How can I pay for a new roof?

If you’re unsure how to pay for a new roof with no money, there are several roof financing options that may allow you to install your roof today, with no upfront costs. PACE financing can be a great option. PACE provides 100% financing for roofing projects, up to 20% of the value of your home. There are no upfront payments with PACE and depending on when your roof installation occurs, you may not have to make your first payment for up to 18 months. Visit the PACE Funding page for more information.

Will insurance cover a new roof?

Insurance policies will often cover roof repairs or replacement if your roof was damaged from a sudden accident or act of nature, such as a falling tree, hurricane or hail damage. However, if your roof needs to be replaced due to general wear and tear over time, your insurance will most likely not cover the cost. We encourage you to check with your insurance provider for the specifics of your policy relative to covering the cost of a new roof.

How can I finance a new roof with bad credit?

PACE isn’t a traditional roof loan, so we don’t use your credit score to determine if you are eligible for new roof financing. Approval is based on the amount of equity you have in your home, your mortgage payment history, and your ability to repay your PACE assessment. PACE rewards you for the years you spent saving for a down payment and for responsibly paying your mortgage on time, allowing you to get roof financing even with bad credit.

Can I pay monthly for a new roof?

Yes! If you choose to finance your new roof with PACE, you will pay off the cost of your roof gradually as part of your ongoing property tax payments. Many people choose to pay their property taxes monthly using an escrow account that is tied to their monthly mortgage payments. This is a great option if you are hoping to make monthly payments over time to cover the cost of a new roof.

Can I get a government grant for a new roof?

There are government programs that may help cover some or all of the costs of a new roof. The Weatherization Assistance Program, Single Family Home Repair Loans and Grant Program, The Tribal Energy Program, and The Housing Preservation Grant are all designed to help offset the cost of a new roof.
These programs have strict regulations around how to apply and who qualifies, and funding can be limited. If you don’t qualify for any of these government programs and are wondering how to pay for a new roof, Home Run Financing can be a great financing option.

APR example uses a $25,000 project with 30 year term. Base rate is 3.99% and requires a 13.99% homeowner buydown fee that is financed as part of the PACE property tax assessment. Final APR will vary on based total project cost, selected term, and rate choice. Rates are current as of August 1, 2021 and are subject to change without notice. Not all rates and terms are available in all states.
APR example uses a $25,000 project with 25 year term. Base rate is 3.99% and requires a 14.99% homeowner buydown fee that is financed as part of the loan. Final APR will vary on based total project cost, selected term, and rate choice. Rates are current as of August 1, 2021 and are subject to change without notice. Not all rates are available in all states.
30 year repayment terms are not available for all project types. Repayment terms are determined by estimated useful life of the product and manufacturer product warranty period. Repayment term options may vary by state. Not all term options are available in all states. Term options are subject to change at any time.
Rate range is for Discover Card and is based on data compiled in February 2021 from the Discover website.
Maximum financing amounts vary by state, city and county. Depending on local regulations, there may be max financing restrictions that limit the maximum PACE financing eligibility to less than 20% of your estimated property value.