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.
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 |
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.
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.
ReBuild NC can fund critical repairs and replacements, including full roof replacements for structurally unsound or severely damaged roofs.
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.
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.
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.
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.
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.
These programs emphasize building stronger, safer communities while leveraging volunteers and grant funding.
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.
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.
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%.
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.
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.
Partnering with a roofing company that provides financing simplifies the process and ensures you work with professionals who understand your needs.
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.
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 | 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 |
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!