We are excited to introduce RoofSnap Homeowner Financing! RoofSnap has partnered with Acorn Finance to give your clients access to simple home improvement financing. Offering financing through RoofSnap allows you to:
- Make your client’s projects more affordable. Financing can help clients fund their roofing or home improvement projects without large upfront payments.
- Help clients pay for unexpected repairs. Financing options let homeowners address urgent repairs without delaying essential work.
- Ensure clients have cash flow for change orders or scope increases. With financing, clients can handle cost overruns and keep projects moving.
Financing options are presented professionally on your RoofSnap estimates and contracts. Offering financing can help increase your job winning rate and average project size.
What is RoofSnap Homeowner Financing?
RoofSnap Homeowner Financing is a feature that allows your clients to obtain a personal loan to fund their home improvement projects. RoofSnap has partnered with Acorn Finance—a marketplace of lenders—to provide fast, easy home improvement loan options. When financing is enabled on your estimates, clients can view loan options and apply directly through Acorn Finance.
How much does RoofSnap Homeowner Financing cost?
There is no cost to you, the contractor. There’s nothing to sign up for and nothing to pay; your client applies for the loan, repays it, and pays you directly. You simply offer financing on your estimates, and Acorn Finance handles the rest.
What do I need to do to get started?
All you need to do is turn on financing when creating estimates or contracts. When you enable the “Show Homeowner Financing” option in RoofSnap, your clients will see a financing option on their estimate:
- Enable financing. Turn on the “Show Financing Options” toggle when editing your estimate or contract. Financing can be enabled individually or globally in your settings.
- Share your estimate. Download and share the estimate PDF with your client. The PDF includes a financing option that your client can access.
- Check rates quickly. Clients follow the steps to check their personalized financing rate within minutes.
- Apply for a loan. If a suitable offer is available, your client completes the application and could receive funds in as little as 1–2 business days*.
- Get paid directly. Your client pays you directly; there is no extra work or registration required on your part.
Will offering RoofSnap Homeowner Financing impact my credit score?
No. Financing offers are based on your customer’s credit profile and financial standing. Your credit is not checked, and your credit score is not affected.
Who is offering the financing?
RoofSnap has partnered with Acorn Finance. Acorn Finance is a marketplace of lenders that connects homeowners with multiple loan offers for home improvement projects.
What loan sizes are offered?
Personal loans are available from $1 000 to $100 000. Loan sizes depend on the customer’s credit profile and project needs.
What is the loan interest rate and term length?
Interest rates and terms depend entirely on the customer’s profile, loan amount, and term length. Loans are available with competitive APRs and terms.
How long does it take for the loan to be issued?
Loan approvals can be made within minutes, and your customer could receive funds within 1–2 business days*.
Are we, the contractor, liable for the customer’s financing decision or actions?
No. The financing agreement is between the customer and the lender. You are not liable if the customer cannot repay the loan, and it will not impact your credit score.
What happens if a customer defaults on their loan?
If a customer defaults on their loan, this does not affect you. Assuming you have already been paid for your work, the money you have received remains yours.
Will we know if a customer actually applies for financing?
You will receive a notification when your client views the financing option included on the estimate. RoofSnap does not receive details about whether a client is approved or the terms of their loan.
Will we be able to see if the customer was approved or declined?
No. Lending decisions are made between the customer and the lender. Information about loan approvals is kept confidential to protect your customers’ privacy.
Will we know which company approves the loan and when the customer receives the funds?
No. Your customer will be directed to one of our supported lending partners based on job size and location. The specific partner is kept confidential.
What will my customer see when they view the financing option on the proposal?
Your customer will go to Acorn Finance’s website to check their rates within minutes. If pre-approved, they will have the opportunity to apply for a loan formally.
Can the customer do something different with the funds and not proceed with the roofing project?
Yes. The customer can spend the funds however they want, just like any personal loan. The loan is between your customer and the lender and is unrelated to your contract. You should continue to receive approvals and payments as if the customer had paid cash up front.
Can I still accept credit card payments if I use RoofSnap Homeowner Financing?
Absolutely. Financing and credit card payments are independent features designed to help ensure you win more jobs and get paid more reliably. You don’t have to choose one over the other.
What countries or states have access to the Homeowner Financing option?
Currently, RoofSnap Homeowner Financing is only available in the United States. Financing is not available in Massachusetts (MA) or in the following U.S. territories: American Samoa (AS), Federated States of Micronesia (FM), Guam (GU), Marshall Islands (MH), Northern Mariana Islands (MP), Palau (PW), Puerto Rico (PR) and the U.S. Virgin Islands (VI).
Do you offer contractor business financing?
We currently only support Homeowner Financing. If you are interested in business financing options, please email us at hello@roofsnap.com.
What if I have more questions?
We’re always here to help. Reach out to us via live chat in the Help section of RoofSnap or drop us an email at hello@roofsnap.com.
What if my customers have questions about the loan application?
Your customers receive top-notch support as well. Have them contact Acorn Finance directly:
- Phone: (916) 404-1982
- Email: support@acornfinance.com
- Live Chat: Click the chat icon on the loan application page
*If approved, funding times may vary. Underwriting criteria is established by financial partners, not Acorn Finance. Most lenders will do a soft pull, which does not impact credit score; however, funding partners will conduct a hard credit pull when your customer expresses interest in an offer, and this could impact their credit score.