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The Best 5 Loans for a Swimming Pool

Wondering which is the best pool loan for your project? There are a variety of different lenders and financing options to go with. Quite often, it’s difficult for homeowners to decide which lending institution to go with, what the competitive rates are, and how to go about securing funding. Many times, homeowners just give up on the notion of building a swimming pool simply because the hassels of getting financing are so cumbersome (or so they think). Conversely, this article proves how easy it is to secure funding for your swimming pool project and we present the best options available to date.

These are the best pool loans you will find in 2020. We rated over 100 lenders on a variety of different criteria and came up with our pick of the 5 best lenders you can finance your pool with today. We based our scores off how easy it was to secure funding, the amount of funding provided for each pool project, closing costs, and customer service on loans funded.


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Discover: Best Pool Loan for Zero Cash Due At Closing

LightStream: Best Loan With a Co-Signer Option

Marcus by Goldman Sachs: Best Pool Loan with No Loan Fees

SoFi: Best Pool Loan up to $100,000

Upstart: Best Pool Loan with a Low Minimum Loan Amount

Pool Loan with Zero Cash Due At Closing



Discover offers home improvement loans for swimming pools. Pool loan terms from three to seven years are available.



Minimum FICO credit score: 620
Maximum debt-to-income ratio: 43%
Maximum Loan-to-value ratio: 70%-95% of the property value depending on credit, lien position, and loan amount; 70%-80% in Texas
J.D. Power satisfaction rating: Not rated


Best Pool Loan With a Co-Signer Option



Launched as a division of SunTrust Bank in 2013, LightStream offers pool loans up to $100,000 to build the backyard of your dreams. Co-signers are accepted.


Minimum FICO score: N/A
Maximum debt-to-income ratio: N/A
Co-signer option: N/A
Preapproval or rate quotes available: N/A
Loan amounts: $5,000 to $100,000
Loan terms: N/A
Loan use restrictions: Funds must be used for approved loan purpose
Discounts: None
Origination fee: N/A

Best Features

LightStream has few restrictions on what you can use personal loan funds for. Except for college, mortgage, commercial or refinancing of other LightStream loans, you can use the money for anything, including IVF, jewelry, adoption fees, medical bills or building a pool. However, you must use the funds for the specific purpose listed on the application.

Loans are offered as high as $100,000. Borrowers can take up to seven years to pay back their pool loan in most cases. If you’re borrowing $25,000 to $100,000 for a pool loan, you can choose a loan term of up to 12 years.

LightStream doesn’t charge origination, prepayment or late fees on their pool loans. This can save borrowers a lot of money, especially if you’re taking out a $100,000 swimming pool loan.

Best Pool Loan with No Loan Fees

Borrowers can apply for fixed-rate unsecured pool loans with Marcus by Goldman Sachs. Loans with this lender have no origination, prepayment or late fees.

Marcus by Goldman Sachs

Minimum FICO score: Not disclosed
Maximum debt-to-income ratio: Not disclosed
Co-signer option: No
Preapproval or rate quotes available: Not disclosed
Loan amounts: $3,500 to $40,000
Loan terms: 36 months to 72 months
Loan use restrictions: Only debt consolidation, home improvement, major purchases, special occasions, moving and relocation and vacations
Discounts: N/A
Origination fee: None


Best Pool Loan up to $100,000


SoFi has offered pool loans online since 2011. Borrowers can apply for fixed and variable-rate pool loans ranging from $5,000 to $100,000.



Minimum FICO score: 680
Max DTI: N/A
Co-signer option: Accepts co-borrowers
Preapproval or rate quotes available: Yes
Loan amounts: $5,000 to $100,000
Loan terms: 2 to 7 years
Loan use restrictions: Borrowers can only use SoFi Personal Loans for credit card debt consolidation, home improvements, relocation assistance, and medical expenses.
Discounts: 0.25% discount on your interest rate if you sign up for AutoPay
Origination fee: None

Best Features

SoFi has tough standards for borrowers, who must have a credit score of at least 680, stable employment and sufficient income to repay their loan. Co-borrowers are also accepted if you need help meeting SoFi’s approval standards.

Borrowers will pay no origination, prepayment or late fees on their pool loan.

SoFi offers both fixed- and variable-rate pool loans and is the only lender reviewed by SwimmingPoolLoan.com to offer variable rates. Consumers can borrow as much as $100,000 for up to seven years.

Best Pool Financing With a Low Minimum Loan Amount


Upstart uses an automation decision engine to originate credit, funding more than $3.2 billion to 250,000 borrowers. Pool loans as small as $1,000 are available with this lender.



Minimum FICO score: 620
Maximum debt-to-income ratio: Not disclosed
Co-signer option: No
Preapproval or rate quotes available: Yes
Loan amounts: $1,000 to $50,000
Loan terms: 3 to 5 years
Loan use restrictions: Pool loan funds may not be used for any prohibited uses noted in Upstart’s Acceptable Use Policy.
Discounts: N/A
Origination fee: 0% to 8%

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