Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Find Your Local Branch
Back
Scroll to top

Loan For a New Roof – Asheville NC

Homebuying 2 min read

Ready to talk to an expert?

Find A Location Get In Touch

Looking for a loan for a new roof in Asheville, NC? A new roof can be a costly expense for a home or business and you may need to find alternative ways to pay for such a project. If you’re in need of a loan for a new roof, First Bank can help by providing you with multiple loan options.

Asheville, NC averages 125 days of precipitation per year, well above the national average of 100 days of precipitation per year. Rain underneath roofing materials, like shingles, can cause significant damage to your roof and eventually the inside of your home.

If you own a home or business in Asheville and need a loan for a new roof, visit one of our locations in town and stay dry.

Loan For A New Roof - Asheville NC

Financing a New Roof in Asheville, NC

A loan for a new roof from First Bank can be provided in the following ways:

  • Home equity lines of credit — HELOCs allow you to borrow money as needed instead of just one lump-sum against the equity you’ve built up in your home.
  • Credit card — A First Bank Platinum Credit Card with Rewards gives you the flexibility to make large purchases as needed. Plus, earn rewards on purchases when you use your card.
  • Personal loans — Put money into your hands simply by writing yourself a check. First Bank’s personal loans come with highly competitive rates and flexible terms.

On average, a new roof will cost around 3% of the total price of your home, according to roofing calculators. That could mean $4,500 for a new roof on a home costing $150,000.

Protect yourself, your family or your business from the elements and visit your nearest First Bank to get a loan for a new roof in Asheville, NC.

Loans subject to credit approval.

———
Sources:
Sperling’s: http://www.bestplaces.net/climate/city/north_carolina/asheville

Ready to talk to an expert?

Find A Location Get In Touch
Share:
First Bank’s Good To Know Logo
Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.
First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

Plastic house sitting on top of money, hand on mouse near keyboard 5 Things You Need to Know Before You Become a Landlord Seriously, how hard could it be to be a landlord? Not so fast, eager capitalist. Here are 5 items to cover before you decide to become a landlord. 4 min read
15-Year North Carolina Mortgage Rates Looking for information and assistance in choosing a 15-year mortgage rate that suits your needs? First Bank has a North Carolina location nearby that can help you with your decision to invest in a 15-year mortgage. 15-year North Carolina mortgage rates can vary and depend on a number of factors with your application, but to get a rough idea of the current average rates check out the Mortgage News Daily. 15-Year North Carolina Mortgage Rates | First Bank First Bank offers conventional fixed-rate mortgages in terms of 15, 20, and 30 years. Our 15-year fixed-rate mortgages offer predictable monthly payments, as your interest rate and your total monthly payment of principal and interest will remain the same for the duration of the loan. Benefits include: Predictable monthly P&1 payments allow you to budget easily Protection from rising interest rates for the duration of the loan Overall interest paid on 15-year mortgages will be less than other longer-term loans Understanding Mortgage Rates in North Carolina One advantage of a 15-year mortgage rate is that it has a more competitive interest rate than that of its 30-year counterpart. A 15-year mortgage rate may allow the borrower to pay less interest over the duration of the mortgage and build equity more quickly. However, the disadvantage is that your monthly mortgage payments might be higher than that of a 30-year mortgage because you are essentially paying off the mortgage in half the amount of time. Mortgage rates come in the form of fixed or adjustable. The advantage of a fixed-rate mortgage is that your interest rate and mortgage payments will never change during the lifetime of your mortgage. Because of this stability, fixed-rate mortgages are the most popular kind of home mortgages. Adjustable rate mortgages (ARM) come with a fluctuation of interest rates from year to year that are dictated by and reflective of the market. Regardless of the type of the mortgage you choose, the payment of principal itself is only a portion of what’s included in a monthly mortgage payment. Borrowers also must pay the interest, and typically property tax, property insurance, and sometimes mortgage insurance. Compare 15-Year NC Mortgage Rates at First Bank First Bank has several convenient locations in North Carolina and offers mortgages of 3 min read
Interior of house under renovation Renovating Before Moving In? Ask These Questions! Every project is different, of course. But before you close on your property and start looking for a sledgehammer, make sure you know the answer to these 6 questions. 3 min read
Houses made of paper Am I Ready to Buy My First Home? Undoubtedly, one of the most significant financial milestones in life is the purchase of your first home. And there are many benefits to homeownership. 5 min read