Find roof financing through Hearth
Hearth can help you find the right loan for your roof.
Complete Hearth’s 60 second form, and they’ll show you personalized rates from multiple lending partners. You’ll be able to find savings by comparing roofing monthly payments and rates from several providers.
Using Hearth is free, and will not affect your credit score.
You can learn more about personal loans for home improvement by reading Hearth’s comprehensive guide.
Personal roof loans have the following features:
- No home equity requirement: If you get sick or lose your job and can’t pay back your loan, you won’t be at risk of foreclosure. However, personal roof loans do have higher rates than options secured by your home equity.
- Rapid funding: If your project is urgent, then a personal loan may be your best option. Personal loan providers can approve you, then transfer funds, in as soon as 24 hours.
- No prepayment penalties: Personal loan providers won’t penalize you for paying back your loan ahead of schedule.
- Fixed monthly payments: Because personal loans have fixed interest rates, your roof monthly payments won’t change. Fixed monthly payments will help you create an accurate budget for your project.
Hearth’s roofing loan calculator lets you choose different rates, amounts, and terms to figure out what your monthly payment would be.
Personal loan providers look at 3 factors to determine whether to qualify for you for a roofing loan:
- Your credit score: Because personal loans don’t use any home equity, your provider will need to know that you can pay back the loan. The better your credit score, the lower the rates you’ll pay. You’ll likely need a credit score of at least 640 to qualify, but if you’re looking for roof financing for bad credit, you may still be in luck. Some providers may qualify you with a credit score as low as 500.
- Your income: Personal loan providers want to know your income to determine whether you’ll be able to afford monthly payments. After getting pre-qualified, you may have to submit some form of income verification such as a W-2.
- Your current debt: The more debt obligations you currently have, the tougher it will be to afford monthly payments. Lenders will look at the ratio of your debt to your income to make a decision about whether to approve you.