The roof on your house protects your home, your family, and your belongings. Unfortunately, your roof won’t last forever. And, when it’s time for a roof replacement on your Fort Collins home, you’ll find that it is a necessary, yet expensive, investment. 

In today’s blog post, we are going to discuss different ways that you may choose to pay for your roof installation. At Denali Roofing in Fort Collins, we understand how stressful it can be to find funding for a roof replacement, and that’s why we’ve put together this list. Continue reading to learn more and contact the team at Denali Roofing today if you are in need of a roof replacement and ask about our special financing option. 

Homeowner’s Insurance

If you need a roof replacement due to storm damage, a fire, or another incident that is covered under your homeowner’s insurance, you may be able to have a part, or all, of your roof installation paid for by your insurance company. While this doesn’t cover roof replacements due to normal wear and tear and age, it is an excellent option for those who qualify. 

If you are in need of a roof replacement and think it may be covered by homeowner’s insurance, the team at Denali Roofing will help you determine whether or not you are eligible and even help you file your claim. We have extensive experience in dealing with homeowner’s insurance claims, and we would be happy to help walk you through the process. 

Cash

A roof installation can be quite expensive and while most people don’t have that much extra money in the bank, if you happen to be someone who does, paying cash might be the best option. When you pay for your roof installation upfront with cash, you won’t be subjected to paying interest and it will ultimately end up costing you less. 

Home Equity Loan

A home equity loan is another way that many homeowners pay for a new roof. However, a home equity loan requires you to use your home’s equity as collateral, so if you default on the loan, you could possibly lose your home. For those who are completely sure that they will be able to pay their monthly bill, a home equity loan can be a feasible way to purchase a new roof. 

Home Improvement Loan From the FHA

Another common way to pay for a new roof installation is by a Home and Property Improvement Loan ensured by the Federal Housing Administration (FHA). The loan itself is offered through local banks and credit unions, but run and ensured by the FHA. You can receive a loan up to $25,000 through the FHA. However, depending upon the size of the loan, you may be required to use your home as collateral. 

Special Financing for Home Improvement Projects

If none of the options above fit your needs, Denali Roofing in Fort Collins works with Wells Fargo to offer loans for home improvement projects. Since this loan is not specifically just for roof replacements, you could potentially get a loan that would cover your roof installation as well as any other projects that you are currently undertaking. For example, many homeowners choose to paint their home or replace the insulation in their attic at the same time that they replace their roof. With this special financing offer, you can do it all at once.

In Need of a Roof Installation in Fort Collins?

Is your Fort Collins home in need of a new roof? The team at Denali Roofing is experienced, professional, and honest. We strive to provide the community of Fort Collins and the surrounding areas with top-quality roofing services and a superior customer experience. Contact our roofing contractors today to schedule a free roof inspection and inquire about our roof installation and roof replacement services.