HomeSwimming Pool Loans

Swimming Pool Financing

Dive into your dream pool with our flexible, straightforward pool financing options.
Swimming Pool Financing
Renovate streamlines building a backyard pool by connecting you with expert contractors who offer direct financing.
To start your pool project, see if a financing option is available through our network.

How To Get a Pool Financing

Step 1
Submit your personal information, financial background, and details about your pool project via Renovate.com.
Step 1
Step 2
Your request will be reviewed in real-time, and a preliminary financing offer may appear on your screen.
Step 2
Step 3
Once you choose the offer, you will be redirected to complete a swimming pool financing application.
Step 3
Step 4
If approved, you can connect with one of our approved pool contractors to initiate your pool installation. You can repay the loan in convenient installments, allowing you to enjoy your new pool without upfront financial strain.
Step 4

What is a Pool Loan?

A pool loan is a type of financing specifically designed to fund a swimming pool's construction, repair, or enhancement.

Typically, these loans range from $5,000 to $125,000, with repayment terms varying from one to 15 years. Pool loans are usually unsecured, with average APRs ranging from 8% to 25%.

Here’s an example of a calculation for a pool loan. Suppose you borrow $15,000 for a pool project with an APR of 12% and a 10-year repayment term. Your monthly payment would be approximately $215.21. The total amount paid by the end of the term would be $25,824.77.

What is a Swimming Pool Loans Loan?

Types of Pools

We connect you with contractors who provide financing for any type of swimming pool you have in mind. Before you commit to a pool installation and apply for financing, it’s a good idea to consider the different types of pools people finance:

  • Fiberglass pools are known for their durability and ease of maintenance. They are installed quickly, as they come pre-molded. They are soft to the touch and last over 25 years.
  • Concrete pools are highly customizable, allowing for virtually any shape and size. They are incredibly durable and last over 50 years, but require more maintenance and can take longer to install.
  • Vinyl pools are cost-effective and feature a soft, flexible liner fitted into a pre-dug hole with a frame to hold it in place. The liner needs to be replaced every 10 to 15 years.
  • Saltwater pools reduce the need for added chlorine, resulting in softer water. These pools share the same longevity as their traditional chlorine counterparts but offer a more natural feel.
  • Infinity pools have one or more edges where water flows over, giving the illusion of the water extending into the horizon. They require advanced engineering and are typically on the higher end of the price spectrum.

How Much Does a Pool Cost?

Planning your budget is key when building a pool, and we make it easier by giving you a clear breakdown of costs so that the financing process is clear for you. Pool installation usually costs from $6,700 to over $100,000. The cost for full installation for an average-sized home is $11,500. However, the cost will vary depending on the type of pool and materials used. The expenses of inground pools based on the material used are as follows:

MaterialAverage Cost
Fiberglass$28,000 to $60,000
Vinyl$28,000 to $40,000
Concrete$50,000 to $100,000

Above-the-ground pools are much cheaper. Steel is usually the most affordable material, with average costs ranging from $500 to $3,000, while aluminum above-the-ground pools can cost $1,000 to $4,000.

Pool Construction and Installation Costs 

Here’s a breakdown of the costs for each component when constructing and installing an in-ground swimming pool:

Item/ProjectCost
Landscaping$100 to $45,000
Permits$200 to $300
Excavation$400 to $1,500
Pool Shell $500 to $5,000
Equipment and Crane Rental$2,400 to $2,800
Dirt Disposal$13,000 to $20,000
Pool Equipment$700 to $1,200

Pool Maintenance Costs

The costs for standard pool maintenance procedures include:

ServiceCost per month
Water analysis and chemical balancing$50 to $80
Backwash filter$50 to $80
Clean out skimmer and pump baskets$50 to $80
Auto pool cleaner bag$70 to $95
Skim the surface of the pool$100 to $200
Vacuum pool$100 to $200
Winterize pool$100 to $200

Common Swimming Pool Problems

Owning a backyard pool is a joy, but it also comes with its share of challenges. Whether it’s unexpected repairs or routine maintenance, Renovate’s financing solutions can help you tackle these common pool issues:

  • Algae Growth: Algae can turn a clear pool into a green, murky mess. They thrive in pools with poor circulation, inadequate filtration, or unbalanced chemicals.
  • Calcium Buildup: High calcium levels can lead to scaling on pool surfaces and equipment, reducing efficiency and potentially leading to costly repairs.
  • Cloudy Water: This can be caused by improper chemical balance, poor filtration, or environmental factors like excessive rain or pollen. Cloudy water can mask other issues and make swimming unsafe.
  • Filter Problems: When a filter system gets clogged or is malfunctioning, it can cause water quality issues, including cloudiness and algae growth.
  • Heater Failures: Pool heaters can fail due to improper maintenance, incorrect installation, or natural wear and tear, leading to uncomfortable swimming temperatures.
  • pH Imbalances: The correct pH level is needed for water clarity and swimmer comfort. If it is too low or high, it can cause irritation, corrosion of pool equipment, and ineffective sanitization.

Factors to Consider Before Pool Construction

Before diving into pool construction, consider the following factors that can influence your new pool's design, cost, and enjoyment.

Pool Type and Design

Pool Type and Design

The type of pool you choose should reflect your budget, lifestyle, and desired aesthetic. Fiberglass pools are a good choice for homeowners looking for quick installation, a long lifespan, and minimal upkeep. Conversely, concrete in-ground pools are a better choice for those who want a bespoke design that integrates seamlessly with sophisticated landscaping.

Location and Space

Location and Space

The placement of your pool goes hand in hand with its design and construction. Consider the size of the yard, soil condition, and proximity to other structures. Next, ensure enough space for construction equipment and that the location complies with local zoning laws.

A few pro tips: a sunny spot can help naturally warm the pool and reduce heating costs. While trees provide shade and enhance privacy, they can lead to more maintenance due to falling leaves and debris.

Energy Efficiency

Energy Efficiency

If you want to save costs and be environmentally friendly, consider energy-efficient pumps and pool heaters. They use less energy and reduce operating costs. You can also install solar heating systems to warm your pool using natural energy. Also, thermal covers can retain heat overnight and further reduce heating costs.

Budget

Budget

Create a comprehensive budget covering all pool installation aspects and long-term maintenance. Upfront costs include excavation, materials, labor, and equipment. Ongoing expenses include regular cleaning, chemical treatments, and energy costs.

Make sure to also leave 15% to 20% of the budget as a contingency for unexpected expenses.

Safety Features

Safety Features

Finally, implementing safety measures is a must. First, fences should be installed with self-closing and self-latching gates to prevent unsupervised access. Next, equip doors to the pool area with alarms to alert you if children enter the zone unsupervised. Finally, invest in a sturdy pool cover to secure the pool when it’s not in use.

Benefits of Swimming Pool Financing

Swimming pool financing can make your dream of a backyard oasis a reality without the immediate financial strain. Here are the direct benefits of using Renovate to finance the construction of your new pool:

Competitive Rates

Competitive Rates

By choosing Renovate for your swimming pool financing, you can access competitive interest rates to make your project more affordable. We partner with top-tier financial institutions to ensure your offer comes from a reputable source.

Large Merchant Network

Large Merchant Network

Renovate connects you with experienced pool contractors who offer financing options. This accessibility can help you find the right contractor who aligns with your financial and project needs.

Inclusive Credit Solutions

Inclusive Credit Solutions

Our financing network is one of the most diverse in the industry, catering to various credit profiles. We make the process accessible and hassle-free for homeowners with superprime and subprime credit.

Streamlined Digital Loan Application

Streamlined Digital Loan Application

Applying for pool financing through Renovate is straightforward and efficient. Enter your personal, financial, and project details into our online form to start the process. The application is quick, and you can pre-qualify in minutes. This streamlined process simplifies your journey from planning to swimming in your new pool.

Apply for a Loan

Apply for a Pool Loan

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Swimming Pool Loans FAQ

The average monthly payment for a pool loan depends on the loan term, amount, and interest rate. For a $20,000 loan at 10% APR for 10 years, the average monthly payment would be around $264, while a $50,000 loan amount would require a monthly payment of about $660.72.

However, keep in mind that the interest rates can be higher for those with bad credit.

Generally, a credit score of 600 or higher is required to qualify for swimming pool financing at favorable rates. However, some lenders may offer financing solutions for lower credit scores, considering other factors like your income.

The factors that influence the cost of swimming pool construction and maintenance include:

  • Type of pool (fiberglass, vinyl, etc.)
  • Size and depth
  • Geographic location
  • Design complexity
  • Heating and lighting
  • Filtration and sanitation systems
  • Seasonal maintenance
  • Repair and replacement

Pool loans are typically not tax deductible. However, parts of the interest might be deductible as a home improvement loan if the pool increases home value or is a medical necessity.

Many lenders and financing programs also cover pool repairs and add-ons such as slides, diving boards, or updated filtration systems. Financing options vary.

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