Your Ultimate Guide to the Best Pool Financing Options
Installing a swimming pool is an exciting investment. It invigorates and enhances your property’s value, provides endless entertainment, and creates a personal backyard oasis. However, not everyone can afford the costs to enjoy these wonderful benefits. Therefore, financing is often necessary, as the cost of an inground pool generally ranges from $40,000 to over $100,000. The good news is that several pool financing options can help you realize your dream without straining your finances.
This “How To Finance a Pool: Best Loan & Payment Options” guide explores the best ways to finance a pool, including personal loans, home equity options, and specialized pool financing programs.
Understanding Pool Financing
Pool financing involves obtaining a loan or credit to cover the cost of pool construction, including excavation, installation, and additional features like waterfalls, fire pits, decking, lighting, and landscaping.
As there are multiple lenders to finance a pool, each offers different types of loans with varying interest rates, repayment terms, and eligibility requirements.
If you are interested in pool financing, before selecting a financial institution, the following steps will help you begin your pool financing journey smoothly and with an excellent start.
- Credit score – Know your credit score; higher scores qualify for better interest rates.
- Loan term – Shorter terms generally mean higher monthly payments but less interest paid overall.
- Down payment – Some loans require upfront payments.
- Interest rates – Fixed vs. variable rates can impact long-term costs.
- Lender reputation – Work with reputable lenders specializing in home improvement financing.
Best Loan Options for Pool Financing
1. Personal Loans for Pool Financing
Personal loans are unsecured financing options that do not require collateral. Banks, credit unions, and online financing lenders typically offer them.
Pros:
✔ Quick approval process (often within 24-48 hours)
✔ No home equity requirement
✔ Fixed interest rates and predictable monthly payments
Cons:
✖ Higher interest rates than home equity loans
✖ Loan limits may not cover the entire pool cost
✖ Shorter repayment terms may lead to higher monthly payments
Best for: Homeowners with strong credit who want fast approval and no risk of losing their home.
2. Home Equity Loans
A home equity loan enables you to borrow a lump sum of money based on your homes equity. This is a secured loan with fixed interest rates and predictable payments.
Pros:
✔ Lower interest rates compared to personal loans
✔ Fixed monthly payments for easier budgeting
✔ Higher borrowing limits
Cons:
✖ Your home is used as collateral, meaning there is a Risk of foreclosure if payments aren’t made
✖ Longer approval process compared to personal loans
✖ Closing costs and fees may apply
Best for: Homeowners with significant equity who prefer lower interest rates and fixed payments.
3. Home Equity Line of Credit (HELOC)
To finance a pool with a HELOC line of credit which functions like a credit card, enabling you to borrow money up to a set limit as needed is an option. Payments are based on the amount withdrawn.
Pros:
✔ Lower interest rates than unsecured loans
✔ Flexible borrowing for additional pool-related expenses
✔ Interest-only payment options during the draw period
Cons:
✖ Variable interest rates could increase costs
✖ Requires sufficient home equity
✖ Risk of losing your home if you default
Best for: Homeowners with available equity need flexible funding for pool installation and add-ons.
4. Pool Loans from Specialized Lenders
Several lenders specialize in pool financing, offering loan solutions with rates that are competitive and with flexible repayment terms. These lenders include HFS Home Improvement Loans, LightStream, and Lyon Financial.
HFS Home Improvement Loans
✔ 100% financing with no home equity required
✔ No stage funding—get the entire loan amount upfront
✔ Simple application process with fast approval
LightStream Pool Financing
✔ No fees, prepayment penalties, or home equity requirements
✔ Low fixed interest rates for qualified borrowers
✔ Quick funding (as soon as the same day of approval)
Lyon Financial
✔ Pool-specific financing with extended loan terms (up to 20 years)
✔ Lower interest rates compared to personal loans
✔ loan amounts from $5,000 to $200,000
Best for: Homeowners looking for financing explicitly tailored for pools with competitive rates and longer repayment terms.
Alternative Payment Options
5. Credit Cards
Using a credit card to finance a pool is not highly recommended due to high interest rates. Still, it can be a short-term solution for covering smaller expenses like pool accessories, landscaping, or minor renovations.
Pros:
✔ Immediate access to funds
✔ Possible 0% APR introductory offers
Cons:
✖ High interest rates after the promotional period
✖ Limited credit limits compared to loans
Best for: Small, short-term expenses rather than full pool financing.
6. Pool Builder Financing Programs
Many pool builders partner with financing companies to offer in-house loan options. These programs often include promotional rates, deferred payments, or flexible repayment plans.
Pros:
✔ Convenient one-stop financing through your pool contractor
✔ Potential for lower rates through builder partnerships
✔ Simple approval process
Cons:
✖ Limited lender options
✖ Rates may not always be the most competitive
Best for: Homeowners prefer a streamlined financing process directly through their pool contractor.
Tips to Get the Best Pool Financing Deal
- Improve Your Credit Score – Check your credit report, pay down any existing debt, and avoid new credit applications before applying for a loan.
- Compare Multiple Lenders – Request quotes from at least three lenders to find the best interest rates and terms.
- Consider Your Budget – Choose a financing option that aligns with your budget to prevent financial strain.
- Ask About Special Offers – Some lenders offer seasonal promotions or 0% APR financing for a limited time.
- Factor in Additional Costs – Remember to include maintenance, insurance, and landscaping costs when determining your budget.
Finance a Pool: Choose the Right Financing for Your Pool
Selecting the best financing option is vital to securing your best needs. Installing or renovating an existing pool is a vast, but wise investment. Financing the right loan or payment plan, you can enjoy your dream backyard without financial stress. Whether you opt for a personal loan, home equity financing, or specialized pool loans, understanding your options ensures you secure the best terms for your needs.
Contact Cox Pools for Expert Pool Financing Assistance and to Finance a Pool Today
Are you ready to take the first step and embark on the journey to having your own backyard oasis with a custom pool and all the benefits? Cox is here to help you begin.
Do you need financing? Cox Pools in Florida partners with top lenders, including HFS Home Improvement Loans, LightStream, and Lyon Financial, to offer competitive financing solutions.
Contact Cox Pools today to explore your financing options and start building the backyard oasis you’ve always wanted! Let us help you finance a pool today!
