Skip to main content

Find Your Local Branch

Back

Find Your Local Branch

Online Banking

Enroll • Services Where do I enter my password? Forgot password?

Loan for New Roof – Aberdeen, NC

Homebuying 3 min read

Ready to talk to an expert?

Find A Location Get In Touch

North Carolina experiences all kinds of weather throughout the year. What you may not know is that a lot of extreme North Carolina weather happens in and around the 6.2 square miles that make up the city of Aberdeen.

Aberdeen has gone through floods, ice storms, and droughts, with the risk of tornado damage in Aberdeen being much higher than the overall North Carolina average. Extreme weather can affect a lot of things, like your landscaping and home. If extreme weather in Aberdeen has affected your roof, come to First Bank and ask about securing a loan for a new one.

When Should I Take Out A Loan To Replace My Roof?

If you’re not sure if you need a loan for a new roof or just a few repairs, look for these seven signs:

Roof age — A typical roof will last between 20 and 25 years. Depending on whether the old roof was removed and if it is properly ventilated, you will only have one layer of shingles.
Curling and buckling of shingles — If your shingles are curling and losing granules, it could mean they are old and need to be replaced.
Valleys — If your shingles are falling apart or missing in the valleys of your roof, it is probably time for a new one. Snow and rain flow through valleys and into gutters, and if the valley is damaged you could be susceptible to leaks.
Missing shingles — Missing shingles could be a sign that your roof is falling. Check to see if all of the “tabs” are intact.
Chimney flashing — If your flashing is made out of roof cement or tar, it may need to be replaced with a water-tight metal flashing system.
Shingle granules in the gutters — Pay attention to the debris in your gutters. If your gutters are filled with shingle granules, it could be time to replace your roof. Roofs tend to lose more granules when they reach their life-expectancy.
Daylight through the roof boards — Check to see if you see any daylight coming through the roof boards in your attic, or if there is moisture in the insulation.

Visit First Bank Today

If you’re noticing any roof problems, it’s probably time to head to First Bank. Visit our Aberdeen branch located at 105 South Sandhills Boulevard and speak with a loan expert about getting a loan for your new roof today.

———

Loans subject to credit approval.

Sources:

usa.com: http://www.usa.com/aberdeen-nc-natural-disasters-extremes.htm

Ready to talk to an expert?

Find A Location Get In Touch

Share:

You may be interested in...

Miniature green house on coins base

How to Avoid Paying Too Much for a House Imagine you just crossed the threshold of your dream home. There’s only one problem: price. It seems a bit on the high side, even for a home this perfect—but is it? 4 min read

FHA Loans 101: 3 Major Requirements If you have a strong understanding of the FHA loan requirements, you’ll experience a quicker and smoother loan application process. FHA loans provide homebuyers of all income levels the opportunity to purchase a home with lenient qualifying terms and lower down payment requirements. There are, however, three major requirements that prevents people from purchasing an unaffordable home. Three Major Requirements Debt-to-Income Ratio:There are two debt-to-income ratio requirements that FHA lenders will look at in order to determine if a buyer can afford a home: Mortgage payment expense to effective income: Add your total mortgage payment and divide it by your gross monthly income. The maximum ratio to qualify is 31%. Total fixed payment to effective income: Add your total mortgage payment and all recurring monthly debt and divide it by your gross monthly income. The maximum ratio to qualify is 43%. FHA Credit: FHA loans are more lenient when it comes to qualifying terms, but there are still certain credit requirements applicants must meet. If you have no credit history, filed for bankruptcy, have a history of late payments, been foreclosed on, or sent to debt collections, it will be harder to get approved for a loan. Application: Aside from financial requirements, there are a few FHA loan application requirements buyers must meet and present to their loan officer: Address (past two years) Social Security number Names and location of your employers (past two years) Gross monthly salary at your current job(s) Information for all checking and savings accounts Information for all open loans Complete information for other real estate you own Approximate value of all personal property Certificate of Eligibility and DD-214 (for veterans only) Current check stubs and your W-2 forms (past two years) Personal tax returns (past two years), current income statement, and business balance sheet for self-employed individuals If you understand the FHA loan requirements and are ready to apply for a loan, you can apply online with First Bank.* Have more questions about FHA loans? Visit the FHA’s website, or contact your local First Bank branch to learn more. *Equal Housing Lender. NMLS #474504. Loans subject to credit approval. ——— Sources: http://www.fha.com/fha_requirements_debt http://www.fha.com/fha_requirements_checklist http://www.fha.com/ 2 min read

holding up paper cut-outs of a family and a house

3 Questions to Ask Yourself While House Hunting House hunting is fun but it is also difficult if you're not fully prepared. Here are 3 questions you should always ask while looking for a new home. 3 min read

Home Energy Efficiency

4 Reasons to Consider an Energy-Efficient Home If you’re buying, building, or remodeling a home, here are 5 reasons to consider putting energy-efficient features high on your priority list. 3 min read