Financing is Easy, Quick & Most of our Customers Use It!
Investing in a swimming pool or spa is one of the most cost-effective ways to improve your family’s quality of life. With pools available almost daily all year long, and with health benefits like exercise that can’t be matched by other forms such as walking dogs on leashes at local parks for instance – owning this type seems reasonable introspectively if nothing else!
The pool building process is not just about choosing between different types of pools. It’s also important that you take into consideration your design needs and preferences as well as landscape factors like the type or soil, access utilities (water & electricity), ease-of -equipment placement in backyard before deciding on what kind to buy!
We understand that many families will still need some sort of financing to build their dream backyard. We have links below for the best and most durable pool construction materials, as well as equipment from multiple preferred vendors who can help you get started on building your own leisure space!
Our Financing Partners
Financing FAQs
What is required to qualify?
Different programs have different requirements. With our secured loans the lenders minimum credit score requirement is 650+ and the unsecured loans require a 600+. There are other factors that determine qualification which can include debt to income ratio, residual monthly income, and credit history.
What should I look for in a loan provider?
The lending institutions that we have partnered with specialize in swimming pool financing and are good at what they do. The number one thing to keep in mind is what monthly payment is in your budget and then look at the lender that will offer the best rate and term to see if they can meet your needs. Natalie will walk you through everything from start to finish.
What types of loans are available?
Most offer secured and unsecured loans. Secured loans are considered 2nd mortgages and use the home as collateral. The rates vary depending on credit scores and equity in the home, but don’t worry if you do not have a lot of equity in your home.
They also offer unsecured loans, which are more of a personal loan, so the lender does not use the home as collateral.
What terms and rates are available?
The terms for the secured loans have options of 5, 10, 15 and 20 year terms depending on the lending institution. The rates can range from 4.99%-8.25% depending on term, equity and credit score.  With the unsecured loan the terms are 5-20 years options.
The rates for the unsecured range from 6.99% and up depending on credit score, credit history and other factors.
How long does it take to get a loan?
Usually about 3 weeks. This can be a bit quicker or slower depending on industry demand (the process can often be quicker, but is normally slower during swim season!) The loan process for both secured and unsecured loans fairly simple. We submit the loan application and within 3-5 days receive a decision. If the loan is preapproved we move forward.
Build your dream outdoor environment
With a team of innovative designers, advanced technology and world-class service, Presidential Pools & Spas delivers a lifetime of relaxation and beauty.