Tips for Financing Home Construction: A New Roof

financing home construction

Pennies just aren’t quite adding up? Let us help you finance your new roof.

Has the cost of a new roof caused you to hesitate at getting started with your roofing project? Need a solution but can’t decide whether to dip into savings or wait a month or two for tax returns? We have good news: there are easier ways to do it without stress and without breaking the bank. When you need a new roof, you need a new roof, and your house and your family’s safety shouldn’t need to wait. If you need help paying for your roof, here are some tips for financing home construction.

Stick With Us, We Have Your Back

Topper Construction is currently offering financing assistance, thanks to our partners at GreenSky. GreenSky financing provides two featured credit programs, one with no interest and no payments for 12 months, and a second option where you’ll enjoy a reduced APR of just 9.99% for 10 years. In addition to these two featured programs, GreenSky offers a wider array of financing options for those with varying levels of loan qualification. Contact any of our salespeople to discuss other ways of financing home construction with Topper and GreenSky. If this isn’t your preferred option, however, there are other ways to go.

Financing Roof Construction with Government Loans and Rebates

The Federal Housing Administration (FHA) offers Title I loans that can be used for home improvements that make your home more useful and liveable. Roof construction falls into this category. Homeowners with good credit and limited equity qualify for this loan to assist with construction financing. The loan covers new roofs as well as improvements to existing roofs. There are other FHA provisions that can assist with construction for solar shingles, too. If you’re taking the “greener” route, check the Database of State Incentives for Renewable Energy to see if you can get any help there as well.

Credit Cards and Home Equity Line of Credit (HELOC)

Firstly, if you qualify for a new credit card with no interest, this is a good option for roof financing. Organized and money-smart homeowners can break the payments up into 12 more manageable installments. Otherwise, there’s the HELOC option. A Home Equity Line of Credit uses your home as collateral for a loan, typically for large expenses like necessary home improvements. This will also let you pay your roof off over time.

Of course, the best solution for financing home construction is with your own savings. If you don’t need a new roof now but think that you might in a few years, start putting away a chunk of change from every paycheck you get. That way, when the time for a new roof does finally come, your roof fund will be waiting and ready to go.

If you have your finances ready to go and would like to get started with Topper to construct a new roof, don’t hesitate to give us a call!

Put Those Funds to Good Use with Topper Construction

Founded in 1988, Topper Construction has quickly grown to become one of the largest roofing and siding contractors in the Mid-Atlantic region thanks to our commitment to providing clients with quality work at a competitive price. We install the full range of vinyl siding from major brands, giving you a wide variety to choose from.

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For immediate assistance or questions about siding, please call 301-874-0220. We are headquartered in Frederick, Maryland with a satellite office in Pittsburgh to help us better serve you, our customers. We proudly service areas throughout Maryland, Pennsylvania, Washington DC, Northern Virginia, West Virginia, and Delaware.

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