Financing a roof replacement with bad credit

Financing a roof replacement with bad credit

It’s always a good idea to pay cash for a new roof. But sometimes, your roofing project just can’t wait. A seemingly minor roof problem like a lifted shingle or faulty flashing becomes a major issue that requires an emergency roof replacement.

If you have excellent credit, you can usually qualify for low interest personal loans and credit cards with 0% introductory rates—but what about financing a roof replacement with bad credit?

Some lenders offer roofing loans for bad credit, so you don’t have to postpone urgent roof repairs. Here’s a look at your options when you need roof financing with less than perfect credit. These financing options provide roof replacement payment plans for customers with less than perfect credit scores.

How can I finance a roof replacement with bad credit?

Wondering how to finance your roof replacement? We’re here to help. If you are replacing your roof because it’s nearing the end of its natural lifespan but it hasn’t shown any signs of structural damage, it’s best to draw up a budget to put aside cash for the work.

But in situations when waiting isn’t possible, you’ll need to find the best way to finance your roof. Often a roofing loan is the best solution for financing your roof replacement. This roof replacement loan can be either a zero-equity personal home improvement loan or a home improvement credit card, each of which has its own advantages and disadvantages depending on the cost of the project and your financial situation.

Personal roofing loans for bad credit

Personal loans, which are sometimes called zero-equity home improvement loans, are best for major roofing projects when you need more than $1,000 or $2,000 to complete the work. If you’re looking at a complete roof replacement, which can cost as much as $10,000 or more, this may be the better option. You can get a new roof and pay monthly for the total cost of the roof replacement.


  • Fixed, predictable monthly roof repair payment plan to help you budget responsibly for your roof repair or replacement project.
  • Terms of between 3 and 7 years help you get lower monthly payments to fit your budget.
  • An easy online application and approval process lets you see your options quickly, usually in less than 24 hours.
  • Fast funding (generally 1 to 10 days) means you can get your roofing work done right away.
  • No hidden fees: You pay a single loan origination fee when your loan is approved and there is no prepayment penalty if you want to pay your loan off early.


  • Most lenders look for a credit score of 640 or higher in order to qualify, although there are some lenders who may offer personal home improvement loans if your credit is above 580. Check what loan options you qualify for and see if a personal loan is the right solution for you.
  • Interest rates on roofing loans for bad credit will be higher—in some cases significantly higher—than loans for homeowners with good credit.

Home improvement credit cards for roof replacement or repair

If you’re dealing with a minor roof repair project—something like replacing a few roof tiles or treating a mildew problem on your wooden shakes—you may be able to use a home improvement credit card to finance the work. Credit cards make sense when you need a small amount of cash, generally less than $1,000 or $1,500, and you can pay it back in a year or less.  


  • Quick application and funding process; once you’re approved, you usually receive your card in less than 10 days.
  • Convenient and easy to use if you need to buy additional materials or supplies for your roofing project (up to your credit limit, of course).
  • No application or origination fees, although you usually have to pay an annual fee to keep your credit card account open.


  • Highest interest rate of all the options for roofing loans with bad credit—in some cases 20% APR or higher.
  • Monthly payments fluctuate depending on your balance, making it trickier to budget.

You should also keep in mind that some roofing contractors may add a 3% to 5% surcharge to your project to cover costs associated with accepting credit cards, so be sure to ask before you pay for your roof repairs with plastic. Use Hearth’s financing tool to see the different options you have to finance your project.

Tips for paying off your home improvement loans and credit cards for bad credit

A roof replacement payment plan in the form of a roof loan is a great way for homeowners with poor credit to pay for their project in affordable monthly payments. Used wisely, your home improvement loan or home improvement credit card can actually be a way to build your credit history and begin to repair your damaged credit.

These tips will keep you on track while financing a roof.

  • Review your family budget to see what you can realistically spend each month on loan or credit card payments. Choose financing terms that keep your payment within that range so you don’t set yourself up for failure right off the bat. It’s better to choose a longer loan term with lower payments and pay off your loan early if you can than to push yourself to make higher payments you can’t comfortably handle. Personal loans for roofing don’t impose any prepayment penalties.
  • Set a cost limit for your roofing project and stick to it. Choose roofing materials within your price range and resist the urge to upgrade beyond what your budget allows.
  • Don’t use your financing for anything except the roof replacement or repair project you budgeted for. Resist the temptation to piggyback items from your home improvement wish-list onto your roofing project; save up and pay cash for any non-urgent projects to keep your loan balance low.
  • If you get paid every two weeks, make a loan or credit card payment every other paycheck instead of once a month. You’ll make one extra payment a year, putting you on track to pay your loan off early.
  • Apply any “new” money, such as a tax refund or overtime hours at work, to your loan or credit card balance so you can pay it off as quickly as possible.

How Hearth helps with financing a roof replacement with bad credit

Hearth connects you with a network of lending partners offering solutions for roofing loans for bad credit. Within 60 seconds, you can see whether you pre-qualify for a roofing loan and compare your rates to find savings. Seeing your rates is free, and won’t affect your credit score.

Hearth can also help you find a credit card specialized for bad credit. Get started by clicking here.

You shouldn’t have to ignore a major roof repair issue if your credit is below average. Hearth helps you stay warm and dry with roof replacement financing that works for you.