Best Ways to Pay for Your New Roof in 2025 (Besides Insurance)

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You’ve got a roof leak or damage that needs to get fixed, but insurance won’t pay for replacement. What can you do? When the time comes to replace your roof, the cost can be daunting, especially if insurance won’t cover the expense.

For Asheville, NC homeowners, this dilemma is all too common. However, the good news is there are multiple ways to pay for your new roof without relying on insurance.

Whether you’re looking to finance through a trusted roofing company like Litespeed Construction, or you’re exploring federal and local assistance programs, this guide provides actionable strategies to cover roof replacement costs in 2025.

Web Ratings for Popular Roof Financing Options

To evaluate the best financing method for your situation, here’s a summary of ratings from trusted sources:

Financing Option Ease of Approval Affordability Overall Rating
Home Equity Loan Medium High 4.5/5
Roofing Company Financing High Medium 4.7/5
Government Programs Low High 4.2/5
Personal Loans Medium Medium 4.0/5
FEMA Disaster Relief Medium High 4.3/5
Section 504 Home Repair Program Low High 4.4/5
ReBuild NC Low High 4.5/5
VolunteerNC AmeriCorps Grants Low High 4.6/5

Roof Replacement is a Worthy Investment

Replacing your roof is a major investment, but it doesn’t have to break the bank. By exploring these financing options and working with a trusted company like Litespeed Construction, you can ensure your home remains safe, energy-efficient, and beautiful for years to come.

If you need a detailed consultation, call us at (828) 505-6051  for help navigating your options and find the best way to pay for your new roof.

Top Ways to Pay for Your New Roof in 2025

1. ReBuild NC

ReBuild NC, North Carolina’s state-managed disaster recovery program, is an excellent resource for homeowners in Asheville, NC, who need financial assistance for roof repairs or replacements due to damages caused by hurricanes, tropical storms, or other natural disasters. Administered by the North Carolina Office of Recovery and Resiliency (NCORR), this program is designed to help residents recover from federally declared disasters while improving the resilience of their homes. 

Pros:

  • Grant-Based Assistance: Unlike loans, ReBuild NC funds do not need to be repaid.
  • Focus on Resilience: Repairs often include upgrades to withstand future storms.
  • Comprehensive Coverage: Can be used in conjunction with FEMA assistance to cover all roof repair costs.

Cons:

  • Disaster-Specific Eligibility: Only available for damage linked to qualifying disasters.
  • Lengthy Application Process: Due to high demand, approvals may take months.
  • Geographic Restrictions: Limited to properties in disaster-affected areas.

ReBuild NC can fund critical repairs and replacements, including full roof replacements for structurally unsound or severely damaged roofs.

2. FEMA Disaster Relief

The Federal Emergency Management Agency (FEMA) provides disaster relief funding, which can include assistance for roof repairs or even full replacements, depending on the extent of the damage. FEMA funds can help with essential repairs like emergency tarping, structural repairs, and replacement of damaged roofing materials.

Pros:

  • Assistance is often provided as a grant, which does not need to be repaid.
  • Accessible for homeowners who may not qualify for loans or financing.
  • Provides immediate support for disaster-related damage.

Cons:

  • Limited to federally declared disaster areas.
  • Application process can be time-consuming.
  • Coverage is restricted to essential repairs only.

Adding FEMA disaster relief as a potential resource ensures homeowners are aware of every available avenue to pay for your new roof when insurance isn’t an option. By leveraging FEMA assistance, you can reduce out-of-pocket expenses and restore your home to a safe and habitable condition after a disaster.

3. Section 504 Home Repair Program

The Section 504 Home Repair Program, also known as the Single Family Housing Repair Loans and Grants Program, is a federal initiative administered by the U.S. Department of Agriculture (USDA). It provides financial assistance to low-income homeowners for essential repairs, including roof replacements. This program is especially beneficial for seniors and those living in rural areas, making it an excellent option for Asheville, NC homeowners who qualify.

Pros:

  • Low-cost financing: The 1% interest rate makes the loans highly affordable.
  • Grants for seniors: The program provides much-needed support for elderly homeowners who cannot take on additional debt.
  • No upfront payments: Unlike traditional loans, repayments are deferred for low-income households.

Cons:

  • Income restrictions: Not available for middle- or high-income families.
  • Limited to rural areas: Some urban neighborhoods may not qualify.
  • Funding availability: Grants and loans depend on annual federal budget allocations.

The program offers loans up to $40,000 with a low interest rate of 1% for eligible homeowners to improve, repair, or modernize their homes. It also provides grants up to $10,000 for very-low-income seniors (aged 62 or older) to remove health or safety hazards.In some cases, loans and grants can be combined to cover up to $50,000 in home repairs.

4. VolunteerNC AmeriCorps Grants

VolunteerNC AmeriCorps Grants can be a unique and impactful way to fund roof repairs or replacements. While traditionally associated with community service and volunteer efforts, AmeriCorps programs in North Carolina, coordinated by VolunteerNC, often focus on assisting low-income families with essential home repairs, including roofing. 

Pros:

  • Low-Cost Repairs: Volunteer labor reduces overall costs.
  • Community Support: Builds a sense of solidarity through local engagement.
  • Flexible Assistance: Programs often address multiple home repair needs alongside roofing.

Cons:

  • Availability: Assistance depends on the specific resources and programs available in your area.
  • Application Process: Homeowners may need to demonstrate financial need or provide extensive documentation.
  • Wait Times: High demand for assistance can lead to delays.

These programs emphasize building stronger, safer communities while leveraging volunteers and grant funding.

5. Government-Funded Home Improvement Loans

Federal and state programs often support homeowners needing critical repairs, including roof replacements. For example, the Federal Housing Administration (FHA) offers the Title I Property Improvement Loan Program, which allows homeowners to borrow up to $25,000 for home improvements.

Pros:

  • Federally backed
  • Competitive interest rates
  • Accessible for homeowners with modest incomes

Cons:

  • Limited loan amounts
  • Extensive documentation required

North Carolina residents can also explore Weatherization Assistance Programs or Asheville-specific grants for energy-efficient home improvements. These options make it easier to pay for your new roof while improving your home’s energy performance.

6. Home Equity Loan

A home equity loan lets you borrow against the equity you’ve built in your property. These loans typically offer low, fixed interest rates and predictable monthly payments. According to data from the U.S. Federal Reserve, the average interest rate for home equity loans in 2025 is around 5.5%.

Pros:

  • Fixed repayment schedule
  • Lower interest rates compared to personal loans
  • Tax-deductible interest if used for home improvement

Cons:

  • Requires sufficient home equity
  • Risk of foreclosure if you can’t repay

A home equity loan is an excellent option for Asheville homeowners with substantial property value, allowing you to pay for your new roof without high-interest debt.

7. Roof Company Financing

Many reputable roofing companies, like Litespeed Construction, offer financing programs tailored to customers’ needs. These options often include 0% interest promotional periods, flexible repayment terms, and fast approval processes.

Pros:

  • Quick approval process
  • No need for a large upfront payment
  • Exclusive offers for local customers

Cons:

  • Potential for higher interest rates after the promotional period

Partnering with a roofing company that provides financing simplifies the process and ensures you work with professionals who understand your needs.

8. Personal Loans

Personal loans are another versatile option to pay for your new roof. They are unsecured, meaning you don’t need to offer collateral, but they may come with slightly higher interest rates. Interest rates typically range between 6% and 25%, depending on creditworthiness.

Pros:

  • No need for equity
  • Funds can be used for any purpose
  • Quick approval

Cons:

  • Higher interest rates compared to home equity loans
  • Shorter repayment terms can mean higher monthly payments

Cost of Roof Replacement in Asheville, NC

The cost of roof replacement varies based on materials, size, and labor. Here’s a breakdown of average costs in Asheville:

Material Cost per Square Foot Total Average Cost
Asphalt Shingles $3.75 – $5 $5,000 – $12,000
Metal Roofing $7 – $12 $14,000 – $20,000

Pros and Cons of Paying for Your Roof Without Insurance

Pros Cons
Greater control over materials and timeline Higher upfront costs compared to insurance
No insurance claim hassles Risk of accumulating debt
Ability to choose financing that fits you Limited options if you have poor credit

Take the Next Step Toward a Better Roof Today

As Asheville’s trusted roofing experts, Litespeed Construction is here to guide you every step of the way. From providing professional roof assessments to helping you navigate financing options and grant applications, we make the process seamless and stress-free. Don’t wait until small roof issues turn into costly repairs—take action today to secure a stronger, more resilient roof for your home.

Contact Litespeed Construction now for a free consultation and let us help you find the best way to pay for your new roof. Call us or visit our website to schedule your appointment. Your future starts with a safe and durable roof—let’s make it happen together!