There’s a part of our job we don’t love. It isn’t the danger involved in roofing, we train for that and prioritize safety at every job. And while we don’t love the heat of summer, we’ve learned to stay hydrated.
What we dislike about roofing is that moment when we have to tell a Tyler or Dallas home owner what their new roof is going to cost.
Almost everyone can think of something they’d rather spend their money on. Many East Texans don’t have that much change to spare. Thankfully, we offer a solution that can make a new roof affordable on almost any budget. Here’s what you need to know about GreenSky Home Improvement Loans
How GreenSky Roofing Loans Work
GreenSky loans are just for home improvement projects, so they’re different from getting a personal or home equity loan. Here’s how it typically works:
- We’ll help you complete the GreenSky Program Application accessible through our website.
- Like most lenders, GreenSky evaluates your credit and assigns a credit limit. Homeowners can be approved for up to $55,000 for home repairs and upgrades.
- You receive a Direct Payment Card you use to pay for your roof. Use it just like a credit card to pay for your new roof.
- You have six months to make home improvement purchases, then the card expires.
- Take up to 90 months, a full 7.5 years to repay the balance.
Roofing Loan Interest Rates and Repayment Terms
GreenSky provides unsecured loans with fixed interest rates. Your monthly payment stays the same. There’s no penalty for paying it off early, but you also know your payment won’t go up if you choose to make payments for the full term.
GreenSky interest rates are usually competitively low, and there’s no loan origination fee. Most homeowners can choose repayment terms of 42, 66 or 90 months.
What You’ll Need to Apply for Roof Financing
Applying for a GreenSky loan is much like applying for a credit card or other financing. Here’s what they’ll ask for when you apply for roof financing.
- Social Security Number
- Annual Income
- Loan Amount
- Requested repayment term
Approval, loan amount and interest rates hinge on your credit and other financial information.
GreenSky Financing Reviews
GreenSky Financing has been a Better Business Bureau member for years. The BBB assigns rating based on how long a business has been operating, its transparency, how it honors commitments, licensing and advertising.
The BBB gives GreenSky an A+ rating, the highest possible score.
If you need a roof repair or commercial roofing services in Tyler, Rockwall, Prosper or other East Texas area, get in touch. We’ll give you a free roof analysis and walk you through the roof financing process.