Swimming Pool Financing & Loan Options

  • Rates starting at 8.99%
  • No payments for up to 12 months
  • Up to 15-year terms
  • Borrow up to $100K
  • No prepayment penalties or hidden costs
  • Soft credit pull will not affect your credit score

How to Pay for a New Pool and Make it Affordable.

A swimming pool can be a beautiful addition to any backyard, but it’s not always easy to afford. For many homeowners, the upfront costs totaling tens of thousands of dollars for purchasing materials and hiring professionals can make a new pool seem out of reach.

However, when working with a contractor who offers swimming pool financing through a digital lender, you can get your dream pool without breaking the bank or worrying about upfront costs. Pool financing takes an expensive project and turns it into a low affordable low monthly payment.

Receive instant approval on up to $100,000 with no credit cards or prepayment penalties. With a PowerPay swimming pool or home improvement loan, you can purchase a new pool plus the hardscaping and landscaping for the backyard that comes along with it.

Your loan can cover your entire project, including materials and installation, and you can pay for it over time through low, fixed rates and at low, fixed monthly payments. It’s easy to apply for a loan online and approval comes in seconds!

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Modern In Ground Lap Pool Installation

How to Finance a Pool and Build the Best for Your Home

As the summer season begins and the heat starts to rise, many homeowners daydream of turning their yards into paradise with a swimming pool to cool off. The cost of a new swimming pool, however, is often more than homeowners expect.

In fact, the average cost for a standard size in-ground pool is typically between $20,000 and $50,000 depending on the design chosen and where it’s installed, which often leaves homeowners wondering about financing options. When you partner with a contractor who offers financing, you can get your new dream pool without having to sacrifice design or materials, including fiberglass, concrete, and vinyl.

New Swimming Pools Increase a Home’s Value and Curb Appeal

Depending on the climate and location of a home, a typical in-ground pool can start around $20,000. With the installation of a new pool, homeowners will be able to sell their home for much more than they could without, averaging a 5-8% increase in their home’s value, sometimes doubling their return on investment.

New pools are also an aesthetically pleasing addition that can make any backyard come alive, increasing a home’s curb appeal. This value rises depending on how appealing and functional the swimming pool is. This is why it’s important to work with a contractor who offers home improvement financing at fixed rates and low monthly payments. Rather than having to worry about how to build a cheap swimming pool, homeowners and their contractors can work together to design and build a pool that will add a ‘wow’ factor and still be affordable.

Allows You to Afford the Materials and Size You Want for Your Pool

More so than other home improvement projects, a swimming pool’s design and location can greatly impact the overall cost. The material used for your pool also impacts the cost. Pools are made from concrete, gunite, vinyl and fiberglass and have different price ranges. An in-ground pool costs more to install than an above ground. In some places, having a backyard swimming pool also requires some kind of fence or other barrier. Also, depending on the climate, some pool materials are better than others as seasons change. Hardscaping and landscaping can also be a part of the project and can be included in pool loans.

Access to the best swimming pool, hardscaping, landscaping, and even pool enclosure financing means being able to afford any pool type, size, and location without sacrificing design or having to resort to using cheaper materials for the pool, hardscaping, and landscaping. Better materials mean less upkeep and fewer maintenance costs in the future.

Turns a Lump Sum Payment Into Easy to Afford Monthly Payments

Most homeowners are not in a position to pay out one large lump sum for a new swimming pool, hardscaping and landscaping — nevermind installing a dream pool. By partnering with a contractor who offers home improvement financing, homeowners can now get the pool of their dreams through affordable, low monthly payments. Imagine paying $400 a month for your $40,000 dream pool, plus the option to pay off the loan whenever you are ready with no penalty.

Swimming pool financing enables homeowners the option to afford any size pool along with any materials, from concrete to vinyl to fiberglass, without sacrificing on quality or future costs. That translates to less money paid out upfront, and more savings in the long run.

The Approval Process is Fast & Easy

For some homeowners installing a new pool means hours of initial research, figuring out where to buy swimming pools, cost differences, and asking how much a swimming pool costs after labor, hardscaping and landscaping questions. Once initial estimates come in, homeowners typically have to then take time to determine what sacrifices they are willing to make to bring down the price.

For homeowners who work with a contractor that offers financing, they instead go through a quick approval process for same day financing, up to $100,000, and spend the rest of their time designing the custom pool of their dreams.

Saves You Money Upfront to More Easily Afford Other Pool Expenses

A new swimming pool is a home improvement project that requires additional costs after installation, which homeowners often forget. Along with a home’s value and curb appeal, a home’s insurance policy with a new swimming pool will also increase, as will the home’s utility bills.

Swimming pools also need regular maintenance and cleaning throughout the year, requiring specialized kits and appliances, or payments to a pool care company. Add in any additional costs for pool tools or floats, and a new swimming pool can seem even less affordable.

However, with a quick approval process, no hidden fees, and a fixed low rate of 5%, saving on upfront costs and paying for a new swimming pool through low monthly payments can increase a homeowners available monthly cash flow to cover these additional costs.

Finance Your Swimming Pool and Use Your Cash to Pay Off the Loan Faster

PowerPay offers no prepayment penalties so there’s no downside to using a loan to cover the costs of a new swimming pool. That way if anything goes wrong, you have the extra money to cover the unforeseen costs, or you can use your cash flow to cover the full costs of the loan with no prepayment penalties.

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Swimming Pool Financing FAQ

How much does a swimming pool cost?

An average above ground pool, kit and installation, starts around $2,500, but in-ground pool can cost anywhere from $20,000 all the way up to $100,000 for a high-end design! The materials used (fiberglass, vinyl lined, concrete, title, etc.) and the pool’s size and depth, determine the total cost of a new pool. Don’t forget about the hardscaping – patio deck and landscaping that may be required to finish off the project.

With financing, selecting the design and materials you want can be more affordable. A quick approval process, no hidden fees, and a fixed rate of 5% for financing up to $100,000, means homeowners can enjoy low monthly payments with no prepayment penalties all while swimming in their new pool.

How do you build a swimming pool?

How a swimming pool is built depends on a few factors, such as location, design, and materials. In-ground pools have different requirements and materials available than above ground pools, all of which influence the overall cost. With swimming pool financing you’re not constrained to only one type of pool build, rather you can determine which type best fits your home’s needs.

Depending on any additional requirements a state or township might have, the bare minimum to build a pool requires a flat surface, and easy access to utilities. Unfortunately, this type of pool doesn’t have the same effect on home value or return on investment. Adding in additional features such as a deck or platform for the above ground pool will add value and increase investments.

In-ground pools require a strategic location that is within the codes and guidelines of the local community. The removal of the land where the pool will go, as well as any additional regrading or outlining is also needed before pool installation begins. The materials used and the desired finish determine the process of installation. Where a concrete pool requires rebar (steel rods) before being poured, a fiberglass pool will be delivered to the location in one large piece and a vinyl pool is built with frames onsite and lowered into the excavated hole.

What is the most expensive part of building a pool?

Typically, the more extravagant the pool, the more expensive. However, it’s usually the extra patio space that is the most expensive part of the whole project.

Financing allows you to more easily cover the extra expenses you might not have thought of. And with a quick approval process, you can spend more time designing the space and less time worrying about the costs.

Does homeowner insurance go up with a pool?

The short answer is yes, it usually does. Typically, it adds a small fee to your premium of roughly $50. But, with a loan to help finance the project, you can use the money you planned to spend to help cover some of these additional costs you may not have planned on.

Can I finance my swimming pool?

Yes and there are a few ways you can do it like getting a personal loan, using your home’s equity or charging it to credit cards, but each of these can mean higher variable interest rates, hidden fees and a long approval process, which can lead to spending more money in the long run. The best option, a home improvement loan acquired through your contractor, can save you money and time, potentially even offering up to 12 months of no payments and no interest in promotions.

Top swimming pool contractors who offer financing include Anthony Sylvan, Blue Haven & California Pools. Coordinating your new swimming pool build with one of these contractors could save you money and time in the long run through low APRs, long payment terms and affordable low monthly payments.

What are swimming pool financing rates like?

Financing rates differ depending on the type and duration of the loan. If going with a home improvement loan, look for financing that offers a quick approval process with an APR of 5% or lower, which is considered great.

Even better are fixed rates that do not increase with the length of the loan and that won’t charge any prepayment fees should you want to pay the loan off early.

When does it make sense to finance a swimming pool?

There are many reasons to finance a swimming pool that might make sense for you including concerns about affording the full payment upfront, affording cost increases over time, additional home improvement projects to finance, or even the desire to establish more credit.

Regardless of the reason, financing with a home improvement loan through a digital lender can mean peace of mind to afford the pool of your dreams without concern for the expense.

Powerpay FAQ

Visit the PowerPay FAQ for borrowers to learn more about pool financing options, as well as answers to other frequently asked questions.