Is it better to take out a loan on house or finance a roof through company?

A home equity line (HELOC) is usually cheaper at 8 to 10% APR if you have 20% equity and good credit. Contractor financing is faster and does not put a lien on your home. A 2026 HELOC carries closing costs of $0 to $1,000 and a 30 to 45 day approval window. Contractor financing through Enhancify (FoxHaven’s lender network of 30+ partners) prequalifies in 60 seconds with a soft credit pull. Funds arrive in 1 to 5 business days. APR ranges from about 6 to 28% depending on credit (FICO 550 to 850 accepted). For a 22 year old roof flagged by Citizens Property Insurance, speed often wins.