Low-Rate Loans & HELOCs: Best Financing for Your Roofing Project

Financing Options Through Ent Credit Union (Soon to Be Wings Credit Union)

At Excel Roofing, we understand that replacing a roof, restoring storm damage, or completing a major commercial or multi-family roofing project can be a significant investment. That's why we have partnered with Ent Credit Union, soon to become Wings Credit Union, to help property owners access flexible financing solutions designed around their needs.

Unlike many traditional contractor financing programs, these Home Equity Lines of Credit (HELOCs) provide flexibility, transparency, and the ability to borrow only what you need.

Standard HELOC

The Standard HELOC is an excellent option for homeowners looking for a predictable interest rate and flexible access to funds.

Current Rate (Subject to Change)

• Fixed at 7.49%
• Based on a credit score of 740+
• Includes a 0.25% auto-pay discount

Terms

• 5-year draw period
• 15-year repayment period

During the draw period, you can access funds as needed for your roofing or exterior improvement project. If a balance remains at the end of the draw period, the loan converts to a principal and interest loan and the interest rate adjusts to current market rates.

If the balance is paid off by the end of the draw period, the line of credit automatically closes.

Additional Benefits

• No monthly payment when the balance is zero
• No pre-payment penalties
• Only pay interest on the amount you actually draw from the line of credit
• Ideal for homeowners who want flexibility and a fixed-rate structure

Variable HELOC

The Variable HELOC offers a lower initial rate and an extended draw period, making it a popular option for larger projects and long-term property improvement plans.

Current Rate (Subject to Change)

• Variable rate currently starting at 6.50%
• Based on a credit score of 740+
• Includes a 0.25% auto-pay discount

Terms

• 10-year draw period
• 15-year repayment period

This longer draw period allows borrowers additional flexibility when planning roofing projects, property improvements, or future renovations.

If a balance remains at the end of the draw period, the line converts into a principal and interest loan. If the balance is paid in full, the account automatically closes.

Additional Benefits

• No monthly payment when the balance is zero
• No pre-payment penalties
• Only pay interest on funds that are actually used
• Extended draw period provides additional financial flexibility

What If You Own a Commercial or Multi-Family Property?
If your upcoming roofing project is for a commercial building, warehouse, or multi-family rental property, a traditional residential HELOC won't apply. Instead, you can utilize a Commercial Equity Line of Credit (CELOC). A CELOC acts as the business version of a HELOC, allowing you to borrow directly against the equity of your commercial property. While Excel Roofing does not have a formal corporate partnership with Ent Credit Union (proudly becoming Wings Credit Union), we work directly with their commercial lending officers. Ent reviews and underwrites these commercial lines in-house all along the Front Range, providing local business owners with quick, customized funding to keep major commercial renovations right on schedule. [1, 2, 3] 

Transparent Fees and Closing Costs

One of the advantages of working with Ent Credit Union is transparency throughout the lending process. All costs are disclosed before closing so borrowers understand exactly what to expect.

Potential fees may include:

Required Filing Fee

• $194.50 filing fee required with every HELOC

Possible Appraisal Fee

• Some properties may require an appraisal prior to approval
• If required, this is an upfront cost

Possible Title Commitment Costs

• Certain situations may require title work
• These costs are disclosed before closing and become part of the loan closing process

All fees, requirements, and loan terms are fully disclosed prior to closing.

Why Property Owners Choose a HELOC for Roofing Projects

Many homeowners, commercial property owners, and multi-family property managers prefer a HELOC because it provides access to capital without requiring them to use savings or liquidate investments.

Key advantages include:

• Competitive rates through a trusted credit union
• Flexible access to funds
• Borrow only what you need
• No pre-payment penalties
• No payment due when the balance is zero
• Potentially lower overall borrowing costs compared to many traditional financing programs
• Ability to keep the line of credit available for future property improvements and emergencies

Whether you're replacing a residential roof, completing a large-scale HOA roofing project, upgrading a commercial property, or investing in a multi-family community, Excel Roofing and Ent Credit Union can help you find a financing solution that fits your goals.

Important Financing Disclosure

All interest rates, loan terms, fees, and financing programs described above are subject to change without notice and are determined solely by Ent Credit Union (soon to become Wings Credit Union). Actual rates, terms, loan amounts, and eligibility requirements may vary based on creditworthiness, loan-to-value ratio, property type, occupancy status, and other underwriting criteria.

Financing approval is not guaranteed and is subject to the lender's review and approval process. Additional conditions, restrictions, and requirements may apply. Certain loans may require an appraisal, title work, or other documentation, which may result in additional costs.

The information provided by Excel Roofing is for general informational purposes only and should not be considered financial, legal, or tax advice. Customers should consult directly with Ent Credit Union/Wings Credit Union and their financial advisors regarding current rates, loan terms, eligibility requirements, and the suitability of any financing product for their specific situation.

Please contact Excel Roofing or Ent Credit Union for the most current financing information available at the time of application.