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Should You Take Out Financing for Your Roof?

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Roof financing should not be stressful. There are several options if you are putting a new roof on your home. These include:

  • FHA Title 1 financing for home improvements, including new roofing
  • Database of State Incentives for Renewable Energy (DSIRE)
  • Department of Energy information on tax credits and financing
  • Home equity line of credit

A new roof is a necessary home improvement. It will make your home safer and more energy-efficient when it comes to heat and air conditioning loss.

A home equity line of credit or refinancing on your home loan will take the energy credits and increased value of your home into consideration. Yes, a new roof automatically adds value to your home. It is an important selling point if you are putting your home on the market.

You may consider investing some of your savings into the purchase of a new roof, especially if you are planning to sell your home. You can make more than a simple return on your investment by being able to price your home higher than before.

FHA Title I

If you have an FHA guaranteed loan, you may qualify for a bank loan even if you do not have a large equity on your house. You need good credit. The Federal Housing Administration will guarantee the loan from the bank.

Many homeowners who buy older homes use the FHA Title I loan guarantee for roof financing. When the average asphalt shingle roof is good for 20 to 25 years, investing in a long term fix can preserve your home. If a roof is older than 20 years old, it may be time for a replacement, especially with the unpredictable weather of the in the Atlanta area.


This program offers information on loans and energy credits from state and local utilities. It was created to encourage more energy efficiency in home improvements, especially for roofing.

There are several programs available for Georgia residents including the Low Income Home Energy Assistance Program. The list includes many programs for financial incentives.

Saving energy

A new roof with proper insulation will save energy costs and lower greenhouse gas emissions. This is the goal for most government agencies on all levels, and local power companies.

Echols Roofing will give you an estimate on the best type of roofing for your home. We are a family-owned company that is an Owens Corning Preferred Contractor, GAF Master Elite, and Certainteed Shingle Master.

Contact us for more information about a new roof estimate to improve your home and keep your family safe.

Find Out More About Our Financing Options!
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