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How Do Pool Loans Work In Texas

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Can I Finance A Portion Of My Pool Project With A Pool Loan

AMS Financial Pool Loans- How it Works Video

Yes, in fact this is quite common. There are many instances when clients can cover most of the base pool package cost and opt to finance the additional patio, fence, landscaping, or other accessory items with the intention of paying the loan off early .

We hope this has helped you understand more about what is involved in financing your pool project and more about pool loans in general. If youd like to learn more, you can visit our pool financing page.

If you’d like to learn why fiberglass pools are the fastest growing segment of the pool industry check out Fiberglass Pools vs Concrete Pools vs Vinyl Liner Pools: Which Is Best?

As always, if you have questions or comments please feel free to leave them below.

At River Pools, we manufacture and install world-class fiberglass swimming pools across North America. Browse our designs today or try out our pool pricing calculator for an instant estimate.

Still not sure which inground pool is right for you? Download our free ebook below for a full comparison of the three main inground pool types.

How Much Does An Indoor Pool Cost

Indoor pools can be used year-round, allowing you to maximize your investment and fun too. While the idea may sound great, the cost may not. So how much does it cost to build an indoor pool?

Like any home construction project, the price will depend on what you want to do. There are many different kinds of indoor pools-some people want an outdoor pool with a pool enclosure, some want a pool thats entirely indoors, while others want an indoor/outdoor pool or lap pool. The type of pool you choose will have a significant impact on its cost. Another variable that will impact the price is whether or not the necessary exterior structure is already in place. Contractors can give you an estimate of how much you will need to spend. Currently, the cost of an indoor pool averages $187,500.

Should I Just Buy A Swimming Pool Outright

Another option to consider, if you have the cash available, is to just pay for your new swimming pool outright. That avoids having to pay additional interest and can be a good financial decision. Consider what you would do with this money. You wouldnt want to take money out of your emergency fund, and it can be good to compare the interest rate youd pay on a swimming pool loan with the returns youd get from keeping your money invested instead.

If you dont have all the money youll need to buy your swimming pool, then youll want to explore some loan options. Even if you could pay for your new pool out of pocket, there may be reasons to conserve your cash and finance your pool instead.

In order to apply for a loan, you will need to provide the following information:

  • Social Security Number
  • Retirement Assets
  • Liquid Assets

Once you have applied for your loan, your credit will be scanned to give you a fixed interest rate of what your monthly payments will be. Once you have agreed to your terms of payment, the pool construction starts!

Heres a helpful tip: you can finance a portion of your pool project with a pool loan. Many homeowners have done it before, where they cover most of pool cost, then finance the additional items such as patio, fencing, or accessory items.

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How Many Homes In The Us Have A Pool Colors

How many homes in the US have a pool? There are 10.4 million residential and 309,000 public swimming pools in the United States, according to the Association of Pool & Spa Professionals . What state has the most houses with pools? Arizona Which city has the most backyard pools? Coral Springs Which is the largest

Hfs You Dream It We Finance It

How an Infinity
  • No Impact on Credit to Apply
  • 100% Personal and unsecured Loans
  • Every $35k as low as $229/month
  • Every $75k as low as $559/month
  • Fixed Rates as Low as 2.99%
  • Terms up to 20 Years
  • Loans up to $500,000
  • HFS has one-of-a-kind loan programs and world-class service as shown by 1,500 + 5-star Reviews. HFSs platform loans are personal loans which mean NO EQUITY is needed and all loans fund 100% Direct-to-Consumer. HFS performs a soft credit check to present you with full loan options. You can check your rates HERE with NO IMPACT TO YOUR CREDIT. Whether you want to finance the pool, deck, landscaping and more, HFS is your trusted partner for the best loan and customer service in the home improvement industry. APPLY NOW

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    Things To Consider For Pool Loans

    Swimming pools are fast becoming one of the most popular additions that we want to make to our homes, and this comes as no surprise.

    But before you give your contractor the go-ahead, you need to find a way to pay for the installation of your new pool, and here are the things that you need to keep in mind when considering your options:

    • What type of pool are you looking for and whats it going to cost
    • How much money you need to borrow based on this
    • How much equity you have in your home
    • Your credit score and credit history
    • Any debt on other loans and credit cards
    • The maximum monthly payments you can afford
    • The timeframe that you wish to repay the loan over

    While the best method of financing will depend on your individual circumstances, RenoFi Loans offer a solution that lets you borrow based on what your homes value will be after construction is completed and theyre an option that we recommend you at least consider if youre not already familiar with what they are and how they work.

    Pool Dealer Financing Vs Personal Loans: Whats The Difference

    When you obtain pool financing through a dealer you enlist a middle man. So, what does this mean? In most cases it means your rate will go up. In addition, the dealer may not have or clearly understand all the details related to your approval. Using a pool dealer for financing means you complete an application and they forward it to their limited amount of lending partners.

    When you use a personal loan, you submit one application and are connected to multiple lenders with competitive offers. This allows you to shop for the best deal and score a lower interest rate in most cases.

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    Porch Data Reveals The Top 10 Pool

    9. New Jersey. 28,894. 10. Wyoming. 29,133. Most of the top states are the ones we would expectArizona, Florida, California but a few are somewhat surprising. Montana and Wyoming particularly stand out. Pools are not particularly common in either of those states, but they both have more pool companies than their relatively small …

    Common Mistakes Pool Owners Make: Ignoring Minor Leaks & Diy Equipment Installation

    How Hard Money Loans Work

    Two of the most common mistakes pool owners make is failing to keep up with routine maintenance tasks and not fixing minor problems before they mushroom out of control. To follow up on the last article, well look at a common issue that can arise when you own a pool and how you ought to respond to it.

    Always Strive to Keep Water From Leaking Into the Wrong Place

    A small crack in your concrete pool deck may seem like no big deal. In actuality, however, its a real problem that needs to be addressed sooner rather than later. The longer you let the crack remain, the more and more pool water and rainwater will end up in places it was never intended to go. As a worst case scenario, over time such a crack can lead to a structural failure of your deck or pool, causing a need for major repairs or even replacement. Some pool and deck leaks have actually caused sinkholes to form underneath pools.

    Instead of allowing these major disasters, be observant and proactive. Many small cracks can be filled in yearly or bi-annually using urethane or silicone. Silicone can be used for above waterline cracks, while those below the water line should be filled with urethane. If youre not experienced, calling in a professional to assess and repair damage to your pool or deck is a wise choice. Using the wrong material or not using enough to get the job done can lead to ineffective repairs, allowing further damage.

    Do-It-Yourself Equipment Installation May Lead to Costly Problems

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    Public Swimming Pools And Spas

    This site provides information about the new safety and sanitation standards for pools, and link to other useful sites and information. The Department of State Health Services Environmental Health Program, Local Health Departments, Local Code Enforcement Offices and other governmental jurisdictions help to provide safety and sanitation of public swimming

    What Is The Minimum Credit Score For A Pool Loan

    The minimum credit score for a pool loan may depend on a few factors. Are you planning on supplying an asset as collateral? Do you already have a high amount of debt sitting currently on the books? How much do you need to borrow? If you are looking to secure a personal loan with bad credit, then you should still strive to have a credit score above 610. Anything lower than a 610 and you may have to consider supplying some sort of collateral to secure the loan or find a cosigner. Having a cosigner with excellent credit could go a long way to helping you secure a loan for the purpose of financing your new pool installation project.

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    Does Putting In A Pool Increase Home Value

    Most buyers find a home with a pool more desirable but not all buyers. Some buyers may see the pool as extra maintenance and liability. Other buyers may see the pool as a private space to cool down, relax, entertain, and have fun. In most cases having a pool can increase your homes value by about 7%.

    Texas Pool Prices Inground Pool Costs Pool Estimate

    Custom Swimming Pools Built in Houston, TX

    Texas homeowners looking to install an inground pool would be best advised to speak with a local pool contractor in regards to any specific city laws that may require a perimeter fence. Average Texas Pool Prices start at $25,000-$35,000 for a basic inground pool. Check prices from local pool contractors below.

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    What Is The Average Cost Of Building A Pool

    Depending on whether youre interested in an in-ground pool or its above-ground counterpart, the cost can range dramatically. Obviously, the size of the pool and the material its made of play big factors in the calculation of a pools cost. In general, in-ground fiberglass pools cost $15,000 to $25,000, while concrete and granite pools can set you back anywhere between $20,000 and $55,000.

    Can You Buy A Pool On Credit

    Sure, buying a pool on credit is a fairly normal thing to do for those considering a new pool. Installing a new pool at your home can be somewhat expensive. It would be nice if you could pay for the entire project with cash, but that may not be possible for many people. Or, would you even want to spend your cash reserves when you can hold on to them and save them for other smaller emergency expenses that may pop up?

    To buy a pool on credit, you could pay for different components of the project on different credit cards. For example, go out and purchase all the building materials with a credit card. Pay the contractor and construction crew with another credit card. This way we can pay for things as they are completed and when needed. That may be a reasonable way to buy a pool on credit, however, it could potentially become confusing if you are using different credit cards with different interest rates and different payment dates, etc. Additionally, all those different interest rates may be incredibly high at the same time, and with no set pay-off date, you could be paying interest on your pool purchases long into the future.

    With a personal loan, you can finance the entire project in one place, possibly lock in a much better interest rate than your credit cards could offer, and have a set date to have the entire project paid for. A personal way might be a better option to save you money and to simplify the entire process of buying a pool on credit.

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    What Will Be My Pool Loan Monthly Payment

    Just to give you an idea, a $30,000 loan over 20 years will likely require an average monthly payment of $140. A $40,000 loan over the same term would have monthly payments of about $175, and a $50,000 loan with a 20-year term would be repaid with roughly $225 per month. You can calculate your own monthly payment here.

    Keep in mind that in order to know your exact rates, terms, and payments, you should shop around and apply for financing early in your pool buying process. This helps ensure you’ll be properly and fully budgeted, and can make affordable payments that allow you to build your dream pool and backyard.

    A Pool Is Expensive To Maintain

    Financing Home Improvements

    When youre figuring out the financing of your pool, dont forget that costs dont end once the pool builders leave your home.

    Swimming pools require ongoing maintenance. That can mean big bills will keep coming for as long as youre enjoying your backyard haven. Some of the expenses pool owners have to bear include

    • Pool-cleaning equipment or a cleaning service
    • Water and water treatments
    • A pool cover
    • Heating the pool

    All these expenses can add up. In fact, HomeAdvisor indicates that basic upkeep for a pool runs around $1,200 to $1,800 annually, depending on location. And after factoring in potential repairs as well as higher utility costs, keeping your pool in ideal condition could run as much as $5,000 per year.

    Depending on where you live, local code may also require the installation of a secure fence around your pool. This could add thousands of dollars to your initial installation costs.

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    Interesting Facts & Statistics About Swimming Pools

    Pool Water Care. 85% of swimming pools use chlorine to sanitize. 13% of swimming pools are salt water. 17% of people pee in pools. 35% of people jump into public pools without showering first. AMERICAN SWIMMERS. The average person swims in a pool 6 times a year. 41% are children & teens ages 7 to 17. 17.4% are adults.

    Texas Swimming Pool Loans

    HFS Financial> Location Post> Texas> Texas Swimming Pool Loans

    Theres no need to wait to create that backyard oasis you and your family have been dreaming of. Get your new pool and all the goodies like fencing, furniture, and more financed through HFS Financial. We specialize in swimming pool loans in Texas, as well as financing for any and all home improvements Texas homeowners want or need. With HFS Financial, You Dream It, We Finance It with loans up to $300,000 that never require equity or a home appraisal.

    Hot Texas summers were made for swimming, and theres nothing like having your own backyard pool for an anytime oasis from the heat. A visit to the community pool means crowds, limited room, and questionable sanitary conditions that are not worth the risk to your familys health. Enjoy endless hours of fun and relaxation with your family and friends in your own backyard oasis. Your pool can be your new-found home gym too. Swimming and low-impact water aerobics are great ways to stay in shape. Plus, with a pool, your backyard is like a private oasis. Ready, set, STAY-CATION!

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    Best For Bad Credit: Upstart


    According to the website, Upstart is an AI-driven lending platform that is designed to improve access to affordable credit while reducing the risk and costs of lending for its bank partners. We picked Upstart as best for bad credit because it has a lower minimum credit score requirement than its competitors, making it a better choice for those with poor credit. Upstart claims that it has 27% more approvals than traditional models.

    Upstart doesn’t provide loans directly. Instead, it partners with various banks and connects borrowers to the right lending option. It generally offers three and five-year personal loans with APRs ranging from 3.09% to 35.99%, with the average APR for a three-year loan at 24%. Upstart claims that funds are disbursed within one business day 99% of the time. There is also no prepayment penalty.

    Upstart provides shorter terms and lower loan amounts than other personal loan providers, partly because they focus on customers with less-than-ideal credit.

    Loan Amounts

    Are Indoor Pools In Homes Good

    Custom Swimming Pools Built in Houston, TX

    If you can afford and have the space for an indoor pool, it can be a smart investment. Whether you build an indoor or outdoor pool it needs to be properly built and maintained. Maintenance costs are something you should consider before installing a pool. Indoor pools can create a lot of humidity that needs to be managed and they require chemicals to maintain them. Additionally, they add to the costs of running your home by needing maintenance and increasing your utility bills.

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    What’s The Best Loan To Get For A Pool

    The best loan to get for a pool usually depends on your finances. If you have plenty of equity in your home, a secured loan may be a good option. However, if you do not have a ton of equity or excellent credit, you may want to consider a personal loan. If interest rates have dropped since you financed your home, a cash out refinance might be the best way to finance a pool. Cash out refinances allow homeowners to borrow money and refinance their mortgage at the same time.

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