Financing Options Available

An unexpected roof replacement or roof repair can be scary. HomeAdvisor states that the average roof replacement cost in 2021 was $8,349. This is not good news for many homeowners. According to CreditDonkey, in 2020, “almost half of Americans were not able to cover an unexpected expense of $500 or less.”

Kelsey Elite Services offers some of the best roofing prices in the area, but we know even our competitive prices can still be overwhelming to some homeowners. We have options for you to consider if you need financing for your roof replacement or repair.

Commonly Asked Questions

Since Kelsey Elite Services is dedicated to helping our customers, we strive to find each homeowner the perfect solution for their roofing and financing needs. We promise to assist you in any way we can. Our most asked questions about financing are as follows:

Q:  Money is tight but this repair needs to be made. What are my options?

A:  We partner with Service Finance Company, LLC, an FHA Title I lender. They offer loans to fit your budget. There are other lenders that offer short-term and long-term loans. Some loans feature low interest, no interest or fixed interest rates. Monthly payments can range between $60-$230, depending on the amount you borrow. Do your research and find the best lender for your needs. 

Q:  I don’t want to apply with a lender. What else can I do?

A:  Other options include:

• Taking out a home equity loan or line of credit.
• Talking with your banker to get their suggestions.
• Apply for a cash-out refinance of your home.
• See if your contractor will finance.
• Use a credit card (last resort).

Q:  Does my home warranty cover roof replacement or repair?

A:  That is a definite possibility! Find your warranty paperwork or make some phone calls. In addition, check your home insurance policy as some insurance companies include roofing services in their coverage.

Q:  Why can’t I use a credit card to pay?

A:  If your interest rate is high and you won’t be able to pay it off for a while, consider how high your monthly payments will be and how long it will take to pay the balance off at the current interest rate. Applying with our lender could be a much wiser decision. You will receive a lower interest rate, promotional and deferred interest payment offerings, and your monthly payments will remain the same.

Contact Us Today

Kelsey Elite Services is here to help in any way we can. The most important thing to remember is that a compromised roof will cause more damage and incur more expenses. We truly understand the expense never comes at the right time, and we are here to lessen your burden by offering low, competitive prices and helping match you to the right lender or other funding source. 

For any questions about financing your roof replacement or repair, don’t hesitate to reach out. You can contact our office at (832) 621-3270 or submit our convenient online contact form today.