GC #CRC1334726 • Roofing #CCC1337439 • Fully Licensed & Insured
A new roof is a major investment. Bona Fide Roofing works with multiple financing partners — secured PACE programs and unsecured home improvement loans — so you can protect your home without depleting your savings.
In South Florida, a failing roof is not a cosmetic issue — it is a storm risk, an insurance eligibility issue, and a liability to your home's value. Bona Fide Roofing connects you with financing options that fit your situation: secured programs backed by your property, or unsecured loans that protect your equity.
We work with both secured (PACE) and unsecured lenders. Each has different qualification criteria, terms, and benefits. We walk you through the options at your free estimate appointment.
Bona Fide Roofing is an approved contractor for all programs listed above. We do not earn referral fees — we present all options neutrally so you can choose what is right for your situation.
Requirements vary by program. PACE financing (Ygrene) does not rely primarily on credit score — it uses property equity and tax assessment status. GreenSky and FTL Finance unsecured loans generally require a minimum 600-650 credit score, with better rates at 680+. We recommend applying to multiple programs since approval criteria differ significantly.
PACE programs like Ygrene can pre-approve homeowners within 24-48 hours. Unsecured programs like GreenSky often deliver decisions within minutes to hours of completing the online application. Full funding is typically available within 3-5 business days of approval, so work can begin quickly.
Secured financing (PACE programs) is backed by your property — repayment is added to your property tax bill as a special assessment. Benefits include longer terms (up to 25 years), often lower rates, and no credit score as the primary approval factor. The trade-off is that a lien is placed on your property and must be addressed at sale. Unsecured financing (GreenSky, FTL Finance) is a personal loan with no lien on your property, but typically requires stronger credit and carries higher rates.
Yes. If your insurance covers a roof replacement and you owe a deductible — often 2-5% of your home's insured value in Florida — PACE and unsecured programs can both cover this amount. Some programs fund within days of approval, so there is no delay waiting for coverage proceeds to arrive.
The interest portion of PACE loan payments may be deductible as a property tax under current IRS guidance, since PACE repayment is structured as a special property tax assessment. Tax treatment has evolved and varies by individual circumstances. We recommend consulting a qualified tax professional before making decisions based on deductibility.
For PACE financing (Ygrene), you must be the property owner. For unsecured programs (GreenSky, FTL Finance), you must be the property owner or have documented permission from the owner. Renters cannot independently finance a roof replacement — that requires the landlord's participation.
No pressure, no obligation. We assess your roof, explain all financing options, and let you decide what makes sense for your home and budget.
