Frequent Questions
At Roofing Army, we make roofing finance easy to understand. We'll guide you through financing options, clearly explain monthly payments, and help you compare plans from short-term to 10 years. With Service Finance by Truist Bank, you can prequalify instantly without hurting your credit score, see multiple competitive loan offers, and choose a fixed monthly payment that fits your budget. Our goal is to keep things simple, clear, and stress-free, so you're confident every step of the way.
How does Service Finance compare to other roof financing lenders?
Service Finance by Truist Bank stands out from other financing lenders due to its straightforward application process, instant loan decisions, and highly competitive rates—including plans with interest as low as 0% for up to 25 months. Unlike many lenders that provide variable payments or hidden fees, Service Finance offers transparent, fixed monthly payments over flexible terms up to 10 years, making budgeting easy and predictable. Additionally, their quick digital approval process allows homeowners to complete financing paperwork from the comfort of their own home, simplifying and speeding up the entire roofing project.
Is there a prepayment penalty?
No, Service Finance does not have a prepayment penalty. You can pay off your loan early at any time without any extra fees or charges.
What are your interest rates?
Service Finance offers a variety of competitive interest rates tailored to your budget. Current options include:
The exact rate you'll receive depends on your credit profile and chosen financing plan.
What is the difference between a hard and soft inquiry?
A soft inquiry (or soft pull) and a hard inquiry (or hard pull) are both types of credit checks, but they affect your credit score differently:
Soft Inquiry:
Does not impact your credit score.
Used for things like prequalification, background checks, or checking your own credit.
Example: When you check to see if you qualify for financing without formally applying.
Hard Inquiry:
Can slightly lower your credit score (typically by a few points).
Happens when a lender checks your credit for a final loan decision.
Example: When you officially apply for a loan or credit card.
Most roofing financing prequalification processes—including Service Finance—use a soft inquiry, so you can see your options without hurting your score.
Will this affect my credit score?
If you decide to move forward and officially apply for a loan, a hard credit check may occur. This could cause a slight, temporary dip in your credit score—especially if you're denied—but it typically bounces back within 1–2 months.
What information do I need to apply for a loan?
To apply for financing through Service Finance with Roofing Army, homeowners need to provide their name, contact information, physical address, Social Security Number, and income verification. Additionally, your credit report must be unfrozen or unlocked to proceed with the application.
How much can I apply for?
With Service Finance, you can typically apply for loan amounts ranging from $1,000 to $100,000, depending on your credit profile and the scope of your roofing project. Most Roofing Army customers fall somewhere between $8,000 and $25,000, but you can request the exact amount you need based on your quote.
How quickly can I get a roof replacement loan?
Loan approvals/denials are processed on the spot, usually within 1–2 minutes. Once your deposit is paid, we’ll schedule your roof replacement. After the job is completed and you sign the project completion form, Service Finance releases the funds directly to Roofing Army.
Is a loan better than using a credit card?
In most cases, a roofing loan is better than using a credit card—especially for larger projects. Here's why:
Lower Interest Rates: Roofing loans typically offer lower, fixed interest rates compared to the high variable rates on most credit cards.
Fixed Monthly Payments: Loans through Service Finance come with predictable payments, making it easier to budget long-term.
Longer Terms: Financing plans can go up to 10 years, spreading out costs without racking up credit card debt.
