We offer two kinds of roof financing, and they work very differently: Wisetack is a loan you pay monthly, PACE is an assessment on your home you repay with your property taxes. Here are the plain facts on each. Start with the instant estimate: it gives you the number to finance.
Wisetack
A monthly payment plan, based on your credit.
- A loan, paid back in monthly payments
- Approval is based on your credit
- Checking your rate is a soft credit check and does not affect your score
- The application takes about a minute, on your phone
- Rates from 0% to 35.9% APR, based on your credit
- No prepaid finance charges, no participation fees, no prepayment penalty
- Works for replacements, repairs and storm restoration, subject to approval and loan limits
Which fits me? Solid credit and you want it paid off in a few years: Wisetack. Credit is the obstacle, or you want a long term, and you have equity in your home: PACE.
Ygrene PACE
An assessment on your property, based on your home's equity.
- Not a loan: a voluntary assessment on your property
- Approval is based on the equity in your home and your ability to repay, not your credit score
- Repaid once a year as a line on your property tax bill, not to a lender each month
- Fixed rate, with terms up to 20 years and no longer than the roof's useful life
- Soft credit pull only, no impact on your score
- No down payment. Interest accrues from funding, and repayment comes on your property tax bill, usually starting the year after funding
- A new wind resistant roof is an eligible improvement in Florida, where your county or city takes part in PACE
- It places a first priority lien on your home, ahead of your mortgage, and most lenders require it paid off when you sell or refinance
A new permitted roof can also lower your premium through wind mitigation credits. See roof inspections for how that works.
All financing is subject to credit approval. Your terms may vary. Wisetack monthly payment options are provided by its lending partners; offers range from 0% to 35.9% APR based on the amount requested and creditworthiness, not all lenders offer 0%, and state rate caps may apply. PACE financing is offered through Ygrene, is repaid through your property tax bill, and is subject to underwriting terms, conditions, fees and eligibility. Interest accrues from funding, and the first payment usually appears on the property tax bill after the funding date. Ygrene does not use your credit score but runs a soft credit pull to verify underwriting criteria. Ygrene is not a government program, and no government assistance is available to pay the assessment. Scotti Family Roofing is an independent contractor enrolled to offer Ygrene PACE financing and is not an agent or affiliate of Ygrene. We do not give tax advice; ask your own tax advisor.