Roofs are prone to wear and tear out from daily exposure to sun, wind, and temperature changes, causing materials to deteriorate over time. They can also suffer sudden damage from natural disasters such as high winds from hurricanes and tornadoes, hail, and heavy rain.
So, the time for repairing or replacing a roof can come quite suddenly. In 2025, the average cost for roof repair is around $1,150, while replacement typically starts at $9,000 and can be much higher depending on the size, materials, complexity and region. Delaying necessary repairs can drastically increase the extent and cost of the damage.
It's great if you have savings for roof financing, but if you haven't put anything aside for a rainy day, there are several roof financing options for unexpected roof repair or replacement.
Roofing financing available:
1. Check your homeowners insurance policy
If your roof has been damaged by a fire, lightning, windstorm or hail, you should check with your insurance agent to see if your policy covers the damage. In most cases, you will typically have to pay your deductible before the insurance company will proceed with the insurance claim to cover the damage.
The only thing to keep in mind about homeowners insurance is that it only covers the cost if the damage was caused by accidental events (except for damage from earthquakes or floods), not natural deterioration or aging of materials.
2. Take out a personal roof loan or home equity loan
A personal loan is a common way to finance roof replacement if you need funds quickly. You can get one from a bank, credit union, but it's easier to apply through online lenders. This often allows you to borrow a fixed amount of money and repay it over time in monthly installments, usually with a fixed interest rate.
Most personal loans are unsecured, meaning you don't have to put up your house as collateral. Instead, lenders check your credit score, income and other debts, to decide whether you qualify and at what annual percentage rate.
Home equity loans typically offer higher borrowing limits and lower interest rates because they are secured by your home. They can be helpful for major one-time expenses like home renovations, including full roof replacement. Plus, if the funds are used for home improvements, you may be able to deduct the interest from your taxes.
3. Apply for a credit card
You can pay for a roof replacement with a credit card that offers an introductory 0% interest period on purchases. This option is best if you have good or excellent credit and a reliable plan to pay off the balance within the promotional period. This is crucial to avoid high interest rates after the introductory period ends.
Look for a card with a promotional period of at least 12 months, or ideally longer, so you have enough time to pay off a new roof. The best options can give you up to 21 months to pay your debt off interest free.
4. Borrow from a home equity line of credit (HELOC)
HELOCs are generally a good option for homeowners who want flexible access to funds. They work much like credit cards, offering a line of credit with a variable interest rate and allowing you to borrow and repay money as needed, but with much higher limits.
Like home equity loans, HELOCs use your home as collateral, which means you could lose your house if you fail to make payments. If you don't anticipate that being a problem, a HELOC may be a good solution. Since HELOC funds are available as you need them, you can pay for both roof repairs and future home improvements.
5. Work with Roofing companies that offer financing
Most reputable roofing companies offer their own financing plans or partner with third-party platforms such as Enhacify, so it's worth asking your roofer about their options.
Enhancify's financing programs offer flexible and affordable financing solutions to help you pay for any project, whether it's roof repair, HVAC or kitchen remodeling. By filling out a simple online application form, you'll get all the possible financing options for roof repairs or replacement that suit your credit history.
How to Save Money on Roof Repair Costs
To avoid major work and expenses, here are a few tips to help you save money on roof repairs.
Schedule work during the off-season. Fall and spring are peak seasons and the most expensive time to replace a roof. If your project is not urgent and the weather permits, you may be able to schedule work during winter to save some money.
See if you can use homeowners insurance to cover costs.
Perform regular maintenance and inspections to catch problems before they worsen. It is best to spot check your roof twice a year, usually in the fall and spring to prevent major repairs.
Get at least three estimates and give preference to roofing companies that offer financing before hiring them.