Available Financing for New Pools and Remodels

The requirements differ depending on the programs that are available to you. Some secured loans require a minimum credit score of 550, while unsecured loans may require  you to have a higher minimum score. Other factors that determine qualification include your debt-to-income (DTI) ratio, your gross and net monthly income, and your credit history.

The lending institutions that we partner with specialize in swimming pool financing and are good at what they do! The number one thing to keep in mind is your ability to manage monthly payments. Determine your monthly budget, and consider lenders that will offer the best rates and terms for your individual situation. We are happy to help you through the process from start to finish.

It can be as quick as 24 hours! This depends on industry demand (and it is normally slower during swim season!) The loan process for both secured and unsecured loans is fairly simple.

Most offer secured and unsecured loans. Secured loans are considered 2nd mortgages and use the home as collateral. The rates often vary depending on credit scores and your equity in the home, but don’t worry if you do not have a lot of equity in your home. You could look at an unsecured loan, which does not use your home as collateral. 

Terms for secured loans have 5, 10, 15, or 20 year terms depending on the lending institution. The rates can range from 4.99%-8.25% depending on the length of the loan, home equity and credit score. Unsecured loans typically have 5- to 20-year term options, with rates of 4.99% and higher, depending on credit score and other factors.