Loan For a New Roof – Asheville NC

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 loans — Home equity loans have fixed rates and payment schedules with interest that may be tax deductible. The loan is secured by equity in your home and offers a solution for financing large projects or purchases.
  • Home equity lines of credit — HELOCs are similar to home equity loans. They allow you to borrow money as needed instead of just one lump-sum. 
  • 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 register and 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.
  • Construction loans  If you own a business that needs a new roof, First Bank offers loans for remodeling, expansion and other construction projects.

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.

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