Financing Options for Your Roof Replacement


Planning for the unexpected can be difficult when it comes to making repairs around your Eden Prairie home. If your roof is damaged in a storm or is worn out and in need of replacement because of advanced age, you may be looking at a total roof replacement.  You might be worried about roof financing if you have not put enough money aside in an emergency fund. Roof replacement cannot be put off without risking further damage to your home, even if you do not have the cash on hand.

Roof Financing Options to Consider

There are options available to you if your home in Eden Prairie needs a new roof and you do not have the means to pay for it outright. Consider the following roof financing options instead of delaying much needed roof repairs:

  • Secure a Home Equity Line of Credit From Your Bank. If you have equity in your home, you may be able to obtain a home equity line of credit. The amount that you may be eligible for is based on your home’s value minus what you owe on your mortgage. The downside to this type of roof financing is that you will have to pay interest on the money you borrow against your mortgage. In some cases, you may be able to recoup this interest on your federal income taxes.
  • Refinance Your Home. Depending upon your current mortgage situation and the amount of repairs or renovations you want to make on your home, refinancing your mortgage may be a better situation for you. However, if you are upside down in your mortgage, meaning you owe more than your home is worth, this may not be possible. One benefit to this financing method is that you may be able to secure a lower mortgage rate.
  • Apply for an FHA 203K loan, If Eligible. You may be able to secure an FHA 203K loan up to $35,000 that covers structural repairs, including replacing a roof. This loan can be paid back through extending your mortgage or increasing your monthly payments.


  • Take Advantage of Midwest Roofing, Siding & Windows’ Partnership with GE Capital. One of the best ways for Eden Prairie homeowners to manage their roof financing is to apply for a loan with GE Capital. We take care of the paperwork for you and you may be eligible for GE’s no interest option, available through us, if you repay the loan within 12 months.

Financing a new roof in the Twin Cities area doesn’t have to be postponed or painful; we have financing estimators who are trained to assist you in this area. Contact Midwest Roofing, Siding & Windows to learn more about all the financing options available to you when you need a new roof.  Take the action needed to protect your home’s greatest defense and replace your roof with full confidence!

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