What to know about pool Loans?
How to Qualify plus COST AND PRICING
If you are considering an inground swimming pool and have a realistic expectation of how much it will cost, the next step is to explore the various pool financing options available to you
Here at Big Splash Pools, we have had the opportunity to help hundreds of clients make their backyard dreams a reality. We did this by not only installing their pools but also by helping answer their questions about pool loans and financing and directing them to financial institutions that can best serve their needs. If you find yourself in need of more pool financing info, you’re in luck because today we’re going to answer the most common questions, we receive about pool loans. Let’s Splash right in!
What Do I Need to Know about Pool Loans?
Pool loans are typically available in amounts up to $100,000 at interest rates ranging from 3% to 13% per year. For example, most pool buyers will have monthly payments of $450 to $500 on a $30,000 loan with a seven-year (84 month) maturity.
We’ve partnered with HFS Financial (hfsfinancial.net/promo/BigSplashpoolsFl) to offer some of the best loan terms available to pool buyers in the United States. HFS’ rates start at 2.99% and you can obtain loan terms of up to 20 years for loans worth up to $500,000. HFS’ loans can be paid off early with no prepayment penalty. You can check your rates with HFS at any time without impacting your credit report or score. A dedicated HFS loan consultant will work with you to answer all your questions and provide the smoothest loan process possible. If (or when) you’re approved for a loan through HFS, your loan proceeds will be provided in a direct lump sum payment you can use to pay your contractor directly. Direct consumer funding is our (River Pools’) preferred financing payment method, and we’ve found most other home improvement contractors prefer this approach as well.
Direct-to-consumer funding makes it easier for you to pay contractors in a timely manner — and if you’ve budgeted for anything beyond pool installation (such as accessories, landscaping, or other things your pool builder doesn’t typically handle), you’ll have the capital you need to create the backyard oasis of your dreams from day one.