Financing
Financing Options for Your New Pool or Outdoor Project
There are several ways to finance your dream pool or outdoor living space. Below are four common options to consider:
1. Pool-Specific Lenders
Some lenders specialize in pool financing. They offer loan programs designed specifically for pools and outdoor projects. While these loans are convenient and tailored for pool construction, they may come with higher interest rates.
2. Bank Pool Loans
Many banks offer pool loans, and our clients have found that Frost Bank and Pioneer Bank typically have some of the best interest rates. If you choose Pioneer Bank, we recommend calling them directly, as they offer multiple loan options and can help you determine the best fit for your needs.
3. Credit Unions
If you’re a member of a credit union (or know someone who is), you likely have access to home improvement loans with competitive interest rates. Credit unions often provide flexible terms and lower fees compared to traditional banks.
4. Home/Mortgage Refinancing
For homeowners with equity in their property, refinancing your mortgage to include the cost of a pool can be a smart option. This allows you to roll the cost of your pool into your home loan, potentially securing a lower interest rate compared to traditional pool loans.
Have questions about financing? We’re happy to help! Contact us to discuss the best option for your new pool.