Pool Financing 101: What Florida Homeowners Should Know Before They Build
Having a pool in your backyard is a dream for many Florida homeowners, and for good reason. With year-round sunshine, a pool offers more than just a place to cool off. It becomes a space for family fun, low-impact exercise, and lasting memories. But turning that dream into reality can come with a significant price tag.
That’s why many homeowners explore financing options to help make it possible. Purple Heart Pools, a veteran-owned business in Jacksonville, FL, helps homeowners design, build, and maintain a backyard pool without the financial stress.
Much like buying a brand-new car, getting a custom pool for your backyard can come with a higher upfront investment. Instead of paying a larger amount all at once, many people choose to finance their pools to save money and lighten the financial burden.
By spreading out payments over time with pool financing, you’re able to set money aside for additional pool features like lighting or designs. You can also enjoy your pool sooner rather than later by not having to wait until you have the entire amount of money to get started on construction.
Wondering how to set up pool financing? Luckily, you have many options to choose from.
Whether you want to work with a bank or a private lender, you can choose where and how you borrow money to start building your pool. Some of these options include:
Like many other loans, credit will play a role in whether or not you are approved for a loan, how much money you can borrow, and the interest rate you’ll be offered. Having a credit score in the mid-600s is a good starting point, but it’s important to check with lenders to see their requirements.
You may also want to consider what your budget will be, inclusive of potential pool upgrades like infinity edges and swim-up bars. Knowing your budget will help you in determining which kind of loan is best and how much you’ll need to ask for when searching for a lender.
Fiberglass isn’t just a great visual choice for your pool construction—it’s a money-saving investment as well. Many Florida homeowners choose fiberglass for their pools due to the quick installation time, high-performing durability, and energy efficiency.
Fiberglass also saves money over time as it requires less maintenance and upkeep. The gel coating prevents algae and bacteria from building up on the surface, allowing for less time and money to be spent on cleaning. It also requires fewer chemicals for water treatments, keeping more money in your pocket.
Purple Heart Pools is a veteran-owned and family-operated go-to expert in all things pools in Jacksonville, Florida. We do everything from cleaning and service reports, light installations, and custom designs to construction and updates. For 40 years, we’ve been helping Florida homeowners create and build unique pools for a backyard oasis.
Our partnership with Lyon Financial offers flexible financing options, low fixed rates, and a personable experience throughout the process. Thinking about financing your dream pool? Visit Purple Heart Pools Financing to explore your options or call 904-207-4602 to speak with our team today.
