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Swimming Pool Financing: What You Should Know


A swimming pool is an investment in a better life for you and your family. In Arizona, you can use your pool and spa almost daily for at least half the year, which makes owning them one of the most cost-effective activities in which your family can invest. And that's before considering the health benefits.

Even though our pools are priced competitively, we understand that a majority of our clients will still need to use financing to build their dream backyard.

To help you understand how swimming pool financing works, we've interviewed our incredible Finance Manager, Natalie Doyle, who has more than 20 years of experience in the mortgage and loan industry.

Enjoy the conversation below. If you have any other questions, or would like to start the financing process yourself, call Natalie at 480.222.6117 or click here to fill our our financing form.


Presidential Pools Finance Manager - Natalie Doyle


How can I find the best financing option for my family?


We offer several options for financing of your swimming pool and we can find a program that will work for your financial needs.  I have been in the mortgage/loan industry for 20+ years and am speak with customers to find the option would be their best fit.

Sisters Swim In Presidential Pool


What should I look for in a loan provider?

The lending institutions that we have partnered with specialize in swimming pool financing and are good at what they do.  The number one thing to keep in mind is what monthly payment is in your budget and then look at the lender that will offer the best rate and term to see if they can meet your needs.  I will walk you through everything from start to finish.


What is required to qualify?

Different programs have different requirements.  With our secured loans the lenders minimum credit score requirement is 650+ and the unsecured loans require a 640+.  There are other factors that determine qualification which can include debt to income ratio, residual monthly income, and credit history.



What types of loans are available?

We offer secured and unsecured loans. Secured loans are considered 2nd mortgages and use the home as collateral.  The rates vary depending on credit scores and equity in the home, but don’t worry if you do not have a lot of equity in your home. The lenders we have partnered with are able to go over the 80% loan to value that lenders in Arizona cannot exceed. 

We also offer unsecured loans, which are more of a personal loan, so the lender does not use the home as collateral.


What terms and rates are available?

The terms for the secured loans have options of 5, 10, 15 and 20 year terms depending on the lending institution.  The rates can range from 5.25%-8.25% depending on term, equity and credit score.  With the unsecured loan the terms are 5-20 years options. 

The rates for the unsecured range from 6.99% and up depending on credit score, credit history and other factors.



PresPoolsOct2018-41How long does it take to get a loan?

Usually about 3 weeks. This can be a bit quicker or slower depending on industry demand (the process can often be quicker, but is normally slower during swim season!) The loan process for both secured and unsecured loans fairly simple.  We submit the loan application and within 3-5 days receive a decision. If the loan is preapproved we move forward.


Call Natalie at 480.222.6117 for more information.

Click To Request A Call From Natalie
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