Financing for your new roof installation & roof replacement and repairs

  • Rates starting at 4.99%
  • Up to 15-year terms
  • Borrow up to $100K
  • Soft credit pull won’t affect your credit
  • No prepayment penalties or hidden costs
  • No credit card

Making new & replacement roofing affordable.

Replacing a roof can be a monumental task but it provides many long-term benefits. On average a new roof will provide a homeowner a 60% return on investment and grants peace of mind knowing that your home is protected from catastrophic water damage that inevitably follows an old, worn-out roof.

There are many factors and options that will ultimately determine the cost of a new roof or roof repairs, but a typical roof replacement will cost between $6,000 and $20,000. That can be an expensive burden for a homeowner especially when it’s an unexpected expense.

Obtaining a home improvement loan for a roof replacement through your contractor is a great financing option. With a quick and easy application process, near-instant approvals, and low rates, that new roof investment and peace of mind are within reach.

Calculate your monthly loan payment

Term (In Months)

Annual Percentage Rate

Beautifully installed black metal shingle roof

The Benefits of Financing Your Roofing Project

The roof is one of the most important aspects of any house. It protects against the weather and helps regulate the internal climate of your home.

Whether due to unexpected occurrences, a home investment or standard upkeep and renovation, financing a roofing project with a home improvement loan creates a more affordable project, allowing you to get the project done correctly and efficiently without the worry of large upfront costs.

Financing Allows You To Get The Roofing Materials You Need For Your Home

Get the most out of your home improvement investment without sacrificing on the materials you really need. Not all roofs are created equal and as a result, the price of a new roof replacement can vary greatly. Examples of some of the most popular roofing materials and their relative costs are as follows:

  • Asphalt Shingle roof: Costs between $1.50 and $5.50 per square foot and has a lifespan of 15 to 25 years.
  • Slate roof: Costs between $15 and $25 per square foot and has a lifespan of 50 to 200 years.
  • Metal roof: Costs between $5 and $14 per square foot and has a life expectancy of 40 to 70 years. The most common types of metal roofs come in aluminum, copper, and steel.
  • Tile roof: Costs between $8 and $25 per square foot and has a lifespan of 50 to 100 years.

As you can see above, a slate, metal or tile roof will cost you infinitely more than an asphalt roof, but with increased costs also comes increased durability, which may be more beneficial to you in the long term.

Financing a home roof replacement project allows you the option to invest in your preferred materials without wondering how you’ll be able to afford it.

Applying For A Home Improvement Loan Is Quick & Painless

A roof replacement is a major, but necessary home improvement project. The most common roof repair is a full replacement for a leaky or damaged roof and postponing a much needed roof renovation will only lead to additional costs down the line. If not resolved quickly, a leaky roof will cause mold and lead to more expensive repairs to other parts of your home.

Great financing through a quality lending partner offers a quick and easy application process, done entirely online from the comfort of your home and with near-instant approvals on home improvement loans of up to $100,000. Using financing to purchase a new roof can provide you with low and affordable monthly payments.

Have No Fears About Extra Fees or Prepayment Penalties

A great financing partner provides loan terms of up to 15 years to help homeowners afford the repairs they need today, but will also never penalize you for paying your loans back sooner than the payment terms.

This helps provide the comfort and safety of knowing that repayment is up to you. If something unexpected happens, you have the time built in to pay your loan back slowly, or if you need to free up funds for the future, it allows you to pay it all off sooner without any fear of added fees or penalties.

A New Roof Has a Huge Return of Investment (ROI)

Whether you’re preparing to sell your home or simply want to boost its value for the future, financing with a home improvement loan allows you to get more than just the bare minimum.

Most homeowners who opt for a full roof replacement can recoup up to 65% of the installation costs through the increased value of their home. With such a high return on investment and the increased curb appeal, when you are ready to sell, a new roof will interest more buyers and get you a higher price tag making financing of the project even more attractive.

Our Most Popular Home Improvement Loans

Interior Remodeling Loans

Interior renovation and remodeling for new rooms and additions for anything inside your home.

Electrical Loans

From repairs to the entire home rewiring inside and outside.

Exterior Siding Loans

Install any siding project including vinyl, fiber cement, Hardie board, composite, wood, metal, brick, and stone siding.

Foundation Waterproofing Loans

Interior and Exterior waterproofing and foundation repairs – french drains, sump pumps and more.

Gutter Loans

Gutter replacement and gutter cover systems.

Attic Insulation Loans

Attic Insulation or wall insulation for any energy efficiency project.

Interior Remodeling & Addition Loans

Renovate or remodel rooms in your home or build an addition.

Lighting Loans

Exterior and Interior lighting including security and smart homes.

Paint & Wall Covering Loans

Interior and Exterior painting and wall coverings.

Sunroom & Patio Enclosure Loans

Sunrooms, Patio Enclosures, She Sheds, ADU’s and more.

Water Treatment Loans

Water filtration and water treatments.

Roof Financing FAQ

What Is The Average Cost of an Asphalt Shingle Roof?

The most common type of roof, an asphalt shingle roof, costs on average $8,000 for a full replacement making it an expensive home improvement, even for the cheapest of materials. With financing, homeowners can cover the entire upfront costs of a new roof, turning a roof replacement into low and affordable monthly payments. As an example – a $10,000 roof financed over 15 years would cost under $100 per month at 9%.

Does A New Roof Increase The Value Of My Home?

Yes, it does. In fact, most homeowners see between a 60-65% return on their investment after installing a new roof. And, due to the lengthy lifespans of roofing materials, you can be sure that investment will remain long after the project is completed.

How Quickly Can I Be Approved For A Roofing Project Loan?

A great financing partner can approve you for up to $100,000 in as little as 60 seconds. Working with a contractor who offers financing makes the process that much easier by offering applications directly through their website and removing the tedious process of coordinating with multiple parties before your project can even begin.

Is There A Benefit To Financing A Roof Home Improvement Project Even If I Can Afford The Cost Out Of Pocket?

Yes! There are many benefits that come with financing a home improvement project like a roof replacement or roof repair. Working with a contractor who offers financing with instant approvals, low APRs and low monthly payments allows homeowners to complete the necessary renovations while still saving for future needs.

Additionally, a great loan provider will not charge prepayment penalties to those who can afford to pay their loan back sooner instead of waiting the full term, giving you the benefit of financing without the downside of an unnecessary timetable.

Powerpay FAQ

What is PowerPay?

PowerPay is a digital lending platform for the home improvement industry. Our fully automated technology offers near-instant approvals on loans up to $100,000, helping homeowners translate expensive home improvement projects into low monthly fees that can be paid over time.

Unlike other digital lending platforms, PowerPay is a fully independent company that is committed to delivering loans with no extra fees or added costs in order to offer the lowest monthly payment possible to our customers. After all, the more affordable the loan, the bigger the possibilities for your home.

What home improvements can I finance?

Any equipment, service, installation costs or other project related to home improvement qualifies for financing. The following is a partial list of what PowerPay finances: HVAC equipment & installation, attic insulation, stone veneer, windows, siding, roofing, kitchen remodels, bathroom remodels, cabinets, carpet, deck & patio, doors, fireplaces, garage doors, smart home equipment & installation, hardwood flooring, paint & wall coverings, hardscaping, landscaping, siding & exteriors, tile, stone & countertops, air conditioning & heating, gutters, spa & pool, home additions, deck building, tile installation, basement remodeling, custom cabinets, fence installation, lighting installation, garage building, cabinet installation, backsplash installation, electrical and plumbing and appliances.

What contractors can I work with?

Any contractor can provide PowerPay financing.  If your contractor does not offer it, simply ask them to sign up on our dealer enrollment page.  It’s free for the contractor to sign up, takes only a few minutes to set up their account and they can process your loan in less than 48-hours. 

Does using PowerPay impact my credit score?

No.  When you apply for a PowerPay loan it will not affect your credit score.  PowerPay uses what’s known as a soft pull from credit agencies.  A soft inquiry—also called a “soft pull”—allows us to review your credit report and credit score to get a sense of how well you are managing your credit but it will not affect your score.

What equipment do you finance?

We work with all of the major equipment and material manufacturers.

Why should I use PowerPay?

Just like many people finance their car payments, over 50% of all home improvement projects are financed. Financing can be a great payment option when your dream project costs too much money to pay for all at once. Using PowerPay, you can translate that expensive lump sum into a low, affordable monthly payment. The result is the opportunity to stop worrying about what a project costs, and spend more time dreaming about the possibilities for your home.

What makes PowerPay different?

PowerPay is a fully independent company that is committed to delivering loans with no extra fees or added costs in order to offer the lowest monthly payment possible to our customers. After all, the more affordable the loan, the bigger the possibilities for your home.

How do I buy with PowerPay?

It’s easy. You can either work through your participating contractor or contact us directly.  Follow our simple application process. If you pre-qualify, you’ll be shown the monthly cost of the item and can complete the process.

Where do I apply?

You can apply on our website at our online application form. Or, simply work with any participating contractor.

How can I get approved for a loan?

Just fill out the simple online application and receive a decision in seconds. It’s that easy.

Who is eligible to apply for PowerPay?

U.S. residents over the age of 18 (or 19 for Alabama or Nebraska residents) are eligible, provided we can verify your identity.

Can I pay my loan back early?

Yes. You can prepay anytime for all or part of your loan. There is never a penalty for paying early.

What is the application process like?

The application process is fast and easy. You’ll be asked to provide some basic information about yourself. If you qualify, you will receive an email with one or multiple loan options along with a loan limit that may even go beyond the cost of your project. You may opt to borrow more and add things like annual maintenance and monitoring to your loan.
Where applicable, there is a one-time member activation cost for each approved loan. For convenience, that cost can be rolled into the final loan balance. As a PowerPay member, you also get exclusive access to member benefits from our lender, including insurance, monitoring, utility, & entertainment partners. Your contractor will walk you through the details prior to signing. All of the documents are electronic so you can sign everything from your home or office without any paperwork.

How does the financing work?

Fill out our online application and receive an instant approval via secure private email. Next, select the plan you want to choose with your contractor and then receive and sign our secure paperless closing documents. 

Can I obtain a direct loan using PowerPay?

Yes.  PowerPay is available to help to finance a home improvement through participating contractors, but if you do not have a participating contractor, we can help connect you to one in our network. Alternatively, your current contractor can enroll with us and be up and running in less than 48-hours.

Is PowerPay a bank?

No, we are not a bank. We are a digital lending platform designed specifically for the home improvement industry.

Are payments secure?

It is very important to us that your personal information remains secure and encrypted. We install endpoint protection software and/or secure web gateways at all points in our online process. There is a data protection policy in place to help ensure that personal data is kept secure.

How do I make payments?

Once your loan is processed you will receive your loan documents, welcome package, and payment instructions. You can pay with ACH, check, or debit card.

How is the APR (annual percentage rate) determined?

We work with our lender network to look at the credit risk of you as a borrower, and to give you a rate that fits your credit profile. Your financing options are presented to you in clear, simple terms. You are never obligated to accept them. Unlike many platforms that offer credit cards, PowerPay strives to offer lower-risk borrowers with lower rates. The annual percentage rate is the cost of credit as a yearly rate.

Why was I declined for a loan?

Unfortunately, financing options can’t be provided to everyone. If you believe a mistake has been made, please let us know by contacting 800-397-4485. If you are declined, you will receive a notice within 30 days at the email address you provided to us, describing some of the reasons you were declined. Applicants are declined only for credit reasons.

Where can I ask a question or make a complaint?

Please let us know right away. If we have fallen short of our goals, we’d like to know as soon as possible so that we can rectify the situation. You can call us at 800-397-4485 or chat online 24 / 7.

When are my payments due?

Your first payment will be due approximately 30 days from the funding date. Subsequent payments are due every month after that, usually on the same day of each month.

Is PowerPay a credit card?

No. PowerPay is a consumer loan program. You do not need to hold and manage yet another credit card when you work with PowerPay.