California Swimming Pool Financing Notes:
Orange County California Riverside County California San Bernardino County California
New Home Buyers:
1. Consider putting the minimum payment on your new home purchase rather than a large down payment and apply those funds, for swimming pool construction, landscaping or other home improvements.
Loans and credit lines for pool and home improvement projects will be at a higher rate than your new home loan.
Because the market conditions are difficult to obtain pool financing, by putting the minimum down payment on your home purchase you will have additional funds toward your swimming pool or home improvement project.
It is to the home buyer's advantage to make new home purchases with minimum down payment as home improvement financing has changed, it is no longer easy to obtain financing for home improvement projects of all types, including swimming pool financing in California.
If you want a new home swimming pool, our website shows pricing of swimming pool specials, these are inground pools for California. Add to these custom pool prices those costs associated with any concrete decking, masonry or landscaping needed to complete your backyard requirements. Now you'll know just what funds are required to finish your backyard the way you'd like to see it.
Next, determine the amount of money you have towards the purchase of your home improvement project. Should your funds fall short for your project, you'll need financing for that balance. We have programs at low rates that may allow you to obtain the additional funds required for your backyard improvements. Currently, funding for swimming pools in California is largely non secured financing, This means it is not a second mortgage on your home and it is not a line of credit against the house. We have swimming pool loans for California,low fixed rate non-secured loans from 6.99% terms to 15 years. (OAC)
Contact us for more details and get your California pool loan approved.
2. Negotiate with the home seller or home builder to include funding for swimming pool project in with the sales price of the home. This way at close of escrow on your home purchase, you'll already have funds in place for your construction. Not all sellers or home builders will do this but it's a good idea to inquire about it as it means your swimming pool loan would be included as part of your first mortgage on the home. By doing this you effectively get the best interest rate on the money needed because first mortgage rates are typically lower than other financing you may find.
Existing Homeowners
1. Unless you have equity in your home, you'll find it difficult to get a second mortgage or line of credit for your home improvement project. Waterworld Industries Inc has special financing programs for swimming pool projects that are not based on the equity of your home. We have unsecured lines of credit with terms up to 25 years, simple fixed rate loans from 6.99% (for excellent credit).
2. If you have equity in your home, we have refinancing programs at great rates and without high costs typically associated with refinancing your home. Our refinance programs are from 6.5% fixed rate, 30 year term, no pre payment penalty and will allow refinancing to 95% of the home's value.
This could give you the cash needed for your new pool.
Explore the best way to secure your home improvement loan for swimming pools in Southern California.
Call Us We'll help you pre-qualify for California swimming pool financing.
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(949)-419-6896 Orange County California
(951)-371-5586 Riverside County California & San Bernardino County California
