Photo credit: Ellis Creek LLC

Adding a swimming pool to your South Carolina home is an exciting journey that can transform your outdoor space into a personal oasis. However, like any worthwhile venture, there is often much financial consideration involved in the process. Our team brings over three decades of experience guiding Lowcountry pool customers through financial assistance options and ensuring their investment results in a beautifully crafted pool.

The Cost of Your Dream Pool 

Each custom pool is as unique as its owner. For that reason, pricing can vary significantly based on several factors, including the style of the pool—whether it’s an inground pool, elevated pool, infinity pool, etc. Size and design also play a role, with larger or more complex designs resulting in a higher price tag. Additional design elements like lighting, smart technology and water features will also affect your final cost.

Your Pool Financing Options

While this process may appear daunting, remember you have financing options available to create a path to pool ownership.

Personal loans are a common choice for pool financing, allowing you to borrow a fixed amount of money to cover your project’s expenses. These loans often have fixed interest rates and repayment terms to compare between providers.

Alternatively, you may consider a home equity loan or line of credit. This option can offer lower interest rates than personal loans but involves using your home as collateral.

Aqua Blue Pools provides financing assistance to interested customers via our trusted financing partners, including:

• Lyon Financial: Known for its exceptional customer service and flexible financing options, Lyon Financial specializes in pool loans that cater to your unique needs. This provider offers low, fixed rates for loans up to $200,000 for terms up to 30 years. You can learn more about their offerings by visiting their website here.
• HFS Home Improvement Loans: HFS provides a range of financing options for home improvement projects, including swimming pools. Their easy application process makes them an excellent choice for homeowners looking to enhance their outdoor spaces. Financing requires no equity, appraisal or money down with direct-to-consumer funded options on personal loans for terms up to 20 years. Explore more about their financing solutions here.

Key Considerations In Your Decision

The interest rate is critical and will determine how much you pay over the life of the loan. Even a slight difference in rates can lead to significant variations in the total cost. Additionally, think about the repayment terms. 

A shorter loan term may have higher monthly payments but can save you money in interest over time. In contrast, a longer term may provide more manageable monthly payments, but at the expense of paying more in total interest.

Be aware of any fees or closing costs associated with loans or financing options. Some lenders may charge origination fees, while home equity loans may have appraisal fees.

Preparing for Loan Approval

Once you have made your decision, it is time to prepare for your application and approval. 

Start by checking your credit score, as it plays a significant role in determining your eligibility and the interest rates you may receive. Obtain your credit report and check for any discrepancies or issues that need to be addressed.

Gathering necessary documentation, such as proof of income, tax returns and information about existing debts, can help streamline the approval process.

The Importance of Planning Ahead

Ultimately, financing a swimming pool is a significant commitment that requires careful planning. Take the time to research your options, consult with financial advisors if needed and set a realistic budget that encompasses not just the cost of the pool but also ongoing maintenance and utility expenses. Understanding your financial landscape will enable you to make a choice that enhances your enjoyment of your new pool without compromising your financial peace of mind.

Bring Your Dream Pool to Life

As the Lowcountry’s premier custom pool builder, Aqua Blue Pools is ready to bring your dream pool to life. Since 1991, our team has designed and built pools in a range of styles for residential and commercial clients from South Carolina’s Lowcountry to Savannah. We are proud to work closely with our clients to create and execute impressive custom projects built to last. Contact us today to begin planning your oasis!