Get Your Roof Financed - No Money Down - Credit Does Not Matter
If you own your home we can get the financing you need for your new roof or roof repairs. Affordable Contractors has partnered with YgreneWorks™ to provide 100% PACE loan financing to commercial and residential property owners for energy efficiency, renewable energy, and hurricane protection improvements. Financing is repayable over the long term through your property tax bill.
Affordable Contractors will come to your place and assist you with the application process. Simply call 305-652-0300 or fill out the contact form to schedule an appointment.
Roof Financing Highlights
- Approval in minutes
- 100% financing
- Credit score not required
- Income verification not required
- Proof of employment not required
- Financial statements not required
- No money down, no upfront payments
- No payments for up to 29 months with ExtendPay
- PACE balance not reflected on credit report
Watch this short video to learn more about howYgrene PACE loans work.
Ygrene Loan FAQs
What is YgreneWorksTM?
Ygrene Energy Fund’s award winning YgreneWorksTM program provides 100% no money down PACE financing enabling property owners to make energy efficiency, renewable energy and hurricane protection improvements to homes and businesses. Payments are conveniently made through your property tax bills. Approved by your local government, eligibility is based on the equity in your home (among other factors), and not on your credit score, proof of employment, income or financial statements. While we won’t use your credit score to determine your eligibility for financing, we will pull your credit report to confirm certain underwriting criteria. Payments can be spread out over 20 years, and your first annual payment will be deferred until November 20171. With YgreneWorks, you will save energy and may save money while making your home safer and reducing greenhouse gas emissions in your city.
While PACE programs are enabled by state legislation and must be approved by your local government, YgreneWorks is not a government program.
How can I use the funds?
Hundreds of eligible improvements (and associated installation costs) qualify. Install that solar system you’ve always wanted. Replace your air conditioning system and water heater. Improve your home with new windows, doors, roofing and insulation. Visit ygreneworks.com/improvements for a list of PACE-eligible upgrades.
Is making payments on my property tax bill a good idea?
YgreneWorks PACE financing payments are approved under Florida State Statue 163.08 and secured by a continuing lien on the property. If you sell your property, payments may transfer to the new owner, just like your property taxes.2
When will I make my first payment?
Your first payment (and all future payments) will be added to your property taxes and will appear as a line item on your annual statement delivered by your County Tax Assessors office. The date it will appear on your property tax statement for the first time depends on the date your project is funded. Projects that are funded before June 30th of the current year will appear in the current year’s property taxes. Projects that are funded after July 1st of the current year will appear in next year’s property taxes.
What is my payment schedule?
Your annual PACE assessment will be added to your property tax bill and will appear as a line item on your annual statement. YgreneWorks PACE financing can be paid in one of two ways:
1. Pay the property tax bill directly to your tax collector on the due date (lump sum payments made annually).
2. Increase the amount contributed to an existing escrow account (or set up a new account) with the mortgage lender or servicer.
After your project is funded, you will receive a final closing statement from Ygrene. If you would like to add to an existing (or set up a new) escrow account and make your PACE financing payments through your mortgage account, it is your responsibility to send the final closing statement to your servicer to update your information and increase your reserves in your escrow account. Based on your annual PACE assessment, your mortgage servicer/lender will help you determine the right amount to set aside in reserve each month. For further questions, contact your lender or servicer.
How do I get started?
Getting started is easy. Simply call Affordable Contractors or fill out the contact form to schedule an appointment for a representative to come to you and hellp you with the application process.
1 Applies to contracts funded by 6/30/17.
2 Property taxes are legally transferable upon sale, however, mortgage lenders may require full repayment of the special assessment upon sales or refinancing.