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  • Writer's pictureRainy Day Exteriors

Paying for your Roof – What are your Options

We know that a new roof can be a big investment for many of our customers. But there are many ways our customers pay for this big purchase. So, if you’re considering a new roof for your home in Tacoma, Gig Harbor, and across the Kitsap Peninsula know there are several ways you can pay for it.

Cash or Debit Card

Paying with cash or your debit card is one of the easiest ways to pay for your roof. What makes it simple is that when you pay with cash or debit you eliminate any complicated paperwork or approvals (aside from your contract). You will likely need to pay a deposit, and then make a final payment once the last nail has been picked up.

Credit Card

Credit cards are also a convenient option and can be beneficial if you have a card that has enticing rewards like cash back or airline miles.

But if you plan to pay off the credit card over time, be sure to fully understand what the interest rate is on a credit card.

Personal Loans

Depending on your loan approval factors, you might be able to acquire a personal loan to pay for your roof through your local bank or credit union.

If you decided to go this route, it’s a good idea to shop around to make sure you get the best loan terms, including the interest rate and terms. Some personal loans will be for a shorter term (2-6 years), while others allow you to pay over a longer period. Some allow up to 15 years.

Home Equity Loan

If your home’s value is worth more than your home loan, a home equity loan might be a good option. The loan is repaid much like how you pay your mortgage, where you have a fixed payment over a specified term.

This is often a good option for homeowners because the interest rates tend to be lower than other loans.

But there is one significant downside to this type of loan. Because this loan uses your home as collateral, if you default (cannot pay) this loan, the lender can foreclose on your home.

Roof Company Financing

There are plenty of reasons homeowners decide to finance their new roof. Many homeowners simply don’t want to reduce their savings, or they don’t have the cash on hand or equity in their homes.

Many reputable roofing companies offer financing through a third-party vendor. It might sound like a personal loan or home equity loan, but financing through your roofing company is often much simpler.

Rainy Day Exteriors now offers financing options and look forward to making a new roof more accessible for our customers.


If you have significant roof damage, you might be able to use your homeowner’s insurance. If you have significant damage, we recommend you inform your homeowner’s insurance to see if they can pay for the repairs or replacement.

However, if the damage is less significant, you might run into trouble. The issue is that most insurance policies do not cover normal wear and tear on the exterior of your home. If you have an older roof or haven’t maintained your roof, they might deny your claim.

If you want to get started, contact us today. We can discuss the financing options we have available for you.

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