As a local Massachusetts business, we have proudly served our Greater Boston customers for over thirty years. Over the last two years, we have felt the economic loss that our customers have experienced from the pandemic as well as harsh weather. Our staff is here to help, so we thought it would be a great time to tell you about a few resources in case you need help paying for a badly needed roofing repair.
What To Do When You Can’t Afford A Roof Repair
Repairing or replacing a roof is considered a major investment. In certain circumstances, not all homeowners are in the right financial place to pay out-of-pocket. Here are some ways to pay for it.
Financing
Because roofing repair is often out-of-the-blue, coming up with the cash right away can be difficult to do. Financing is a good option, which credit cards and contractor financing will help. You may also apply for a personal loan, a home equity loan, or an FHA property improvement loan. Each option offers financing alternatives that allow you to make small monthly payments.
Homeowner Insurance
There are certain roofing repair needs that homeowner’s insurance can cover, including accidental or weather-related damage. Before you pay out-of-pocket, call your insurer and ask about coverage. If you are unsure how to proceed, we can help you see if your roof is covered.
Apply For Government Grants Or Loans
Grants and low-interest loans are available through your city , your state, and the U.S. government. The benefit of applying for grants to make roofing repair improvements that you do not need to pay back. There are also programs for the elderly, the disabled, and low to modest-income earners. Homeowners may use these programs to improve any housing need.
Agencies to Contact To Apply For Loans or Grants
- MassHousing
- HOME program
- Rebuilding Together
- Habitat for Humanity
- HUD-approved lenders
- U.S. Department of Agriculture
- HUD’s Property Improvement Loan
- Section 504 Home Repair program
- HUD’s Rehabilitation and Repair Loan
- Veterans Affairs Regional Loan Center
- Massachusetts Rehabilitation Commission
- Low-Income Home Energy Assistance Program
- Community Development Block Grant Program
- Home Improvement Loans for Native Americans
- Rural home improvement and repair loans/grants
- Agency on Aging Older Americans Act and Title III Funding
If you are unsure of which loans or grants you might qualify for, you can contact the grant experts at the National Residential Improvement Association for additional help. This is a free service that will weigh your home improvement needs against dozens of programs to find the one that is right for your needs. The NRIA’s database is filled with various programs tailored for consumers who need a variety of help.
Home improvement grants will typically cover any home improvement need, including roofing repair, a new roof, window replacement, electric or plumbing work, and heating and cooling unit purchases. These loans and grants are available to homeowners to improve safety or energy-efficiency demands. Homeowners may also apply once a year for most of these home loans and grants, depending on need.
Whether you are unsure of how to finance your roofing repair or need an estimate when applying to these agencies, please call (978) 977-3816 or visit https://www.facebook.com/NorthShoreRoofingMA.
