Having your roof replaced is a significant investment. As such, you need to prepare the whole project, which includes finding the right financing option that best suits your situation. Before you begin, you have to first look at your financial standing and your credit history to get a better idea of what’s right for you.

D-Wing Construction, your local roof installation contractor, shares the various financing options to consider when replacing your roof.


Cash remains the best option for roof financing. Unlike a loan, it doesn’t matter if you have good credit or not. With cash on hand, you also don’t have to worry about paying any interests. It’s all a matter of how much you saved up for the future, especially if you know for a fact that your roof is going to be replaced in a few years’ time.

Credit Card

Paying for the costs of roof replacement using a credit card may seem like a bad idea. However, it is possible to finance the project with this payment option, especially if the roofing estimate is within your credit limit and you are qualified for a zero-interest payment plan. As your local roofing contractor, we can help you explore this choice when you reach out to us.

Personal Loan

Also known as an unsecured loan, this payment option requires you to maintain a good credit score. In other words, you are looking at an interest rate of 10% or lower for your loan if you have good credit. Otherwise, expect higher interest rates of up to 30%. A personal loan has set repayment plans, with funds available to you as early as the same day you were approved.

Home Equity Loan

This is different from a typical unsecured loan in that it uses the equity of your home as collateral. Unlike a personal loan, a home equity loan allows you to deduct the interest you have to pay from your taxable income. However, you may have to provide proof that the roof replacement project substantially improves your home.

For your roofing and siding needs, turn to D-Wing Construction. We offer high-quality home improvement services, as well as stress-free financing options for our Illinois customers. We serve residents of Aurora, IL.