The usual options are a home equity loan or line of credit, a personal loan, an FHA Title I loan, a contractor's promotional plan, or PACE financing repaid on your property tax bill. Bankrate's national average on November 4, 2026 was 7.49% for a HELOC and 8.66% for a home equity loan. Each has a catch worth reading first.
A roof usually can't wait for you to save up. The right way to pay for one depends on your home equity, your credit and how long you'll stay. This is general information, not financial advice, and rates change, so check current offers before you decide.
A loan secured by your home usually costs less than an unsecured one, but puts your home behind the debt.
| Option | Published rate or limit | The catch |
|---|---|---|
| HELOC | 7.49% national average (Bankrate, Nov 4, 2026) | Secured by your home. Check how the rate can change. |
| Home equity loan | 8.66% national average, 5-year (Bankrate, Nov 4, 2026) | Secured by your home. Needs equity. |
| Personal loan | 11.90%, 24-month, commercial banks (Federal Reserve, Aug 2026) | Higher rate and a shorter term than the home-secured loans shown here. |
| FHA Title I loan | Up to $25,000 secured or $7,500 unsecured on a single-family home; up to 20 years and 32 days (HUD) | Offered through approved lenders. Ask a lender whether it fits your home. |
| Promotional plan | 0% or deferred interest offers vary | Deferred interest can charge you back to day one. See below. |
| PACE | Up to 20 percent of the property's just value, in general (Fla. Stat. 163.081) | Repaid on your tax bill, with a lien. See below. |
As a plain example, $15,000 at 8.66% over 5 years comes to about $309 a month. The same $15,000 at 11.90% over 2 years comes to about $705 a month. That's arithmetic on the published averages, not a quote or an offer.
Coastline Roofing works all over Florida (license CCC1331076). Tell us your town and what your roof is doing, and we will tell you what happens next.
They aren't the same thing. With deferred interest, interest builds in the background from day one.
The Consumer Financial Protection Bureau explains it this way: on a true 0% offer, interest only applies to what's left after the promotion ends. On a deferred interest offer, if you haven't paid the full purchase amount by the end of the promotional period, the saved-up interest gets added to your balance.
The FTC also says to be careful when a contractor suggests you borrow from a lender they know, and to compare terms before you agree. That goes for any roofer, us included. Read the terms and shop the rate.
It's repaid with your property taxes as a special assessment, and roofs are among the improvements that can qualify under Florida Statute 163.08.
Florida Statute 163.081 sets out what homeowners must be told. Before you sign, know these points:
Fannie Mae's selling guide says it won't buy a mortgage on a property with an outstanding PACE loan unless the program's terms don't give that loan priority over the first mortgage. Talk to your mortgage company before you sign.
Get the real number first, then shop the money. Borrowing less is the cheapest option of all.
Know the actual price, line by line. Start with what a price per square includes.
My Safe Florida Home advertises grants of up to $10,000 for approved upgrades, including roof improvements, with eligibility based on an inspection. Check the program's website for what's open now.
Look at the rate, the term, the fees and the monthly payment, not just one of them.
Call and ask which financing options we can offer on your job right now, so you can compare them with your bank's.
"Josh was especially amazing. He was professional, patient, and took the time to explain everything clearly so I felt comfortable and informed throughout the entire process. You can tell he genuinely cares about his customers and takes pride in his work."Madison T.Roof replacement, Manatee County
"From beginning to end the roof was done in 2 days. One night the crew stayed until 8:00. Each evening before leaving the crew ensured the yard was cleaned. We are so happy, and our roof is beautiful!"Sharon T.Roof replacement, Florida Gulf Coast
"Russell was great to work with. He was prompt in coming out to assess our roof and very knowledgeable. ... The job was complete in 2 days once work began."Bryan S.Roof replacement, Manatee County
It depends on the lender, and we can't promise an approval. Secured options and FHA Title I may be worth asking a lender about. Be careful with any offer that skips the terms or pressures you to sign.
A home equity loan is a lump sum; a HELOC is a line of credit you draw from. Bankrate's averages on November 4, 2026 were 8.66% and 7.49%, but they aren't quotes. Ask your lender how the rate on each can change.
Sometimes. If the damage is limited, a repair may buy time. Read how roof repair pricing works, and we'll tell you after a free inspection if a repair will do.
Book a free roof inspection and get a written estimate you can take to your lender.
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