The AmeriFirst Home Buyer Learning Center

Can I Finance Pool Construction with the FHA 203k?

Posted by Dan Moyle on Thu, Apr 19, 2012

fha-203k-pool.jpgWith so many homes on the market today in need of improvements, upgrades, repairs or renovations a lot of folks are coming to know the FHA 203k to finance home improvements. In fact, the 203k can cover so many projects, it may seem like it covers everything. We recently had a question on eligible projects come in from a Realtor in California via Facebook.

Hello, I'm a Realtor in CA and I had a new prospect ask if you can use a FHA 203k to build a pool. I didn't know the answer. Can it be used for that?

Joe DalyUnfortunately no. FHA doesn't allow any "luxury" items to be rolled into the cost of repairs or improvements on a 203k loan. You can although roll up to $1,500.00 into the mortgage for repairs to an existing INGROUND pool on both the Streamline and Standard 203k.

With that said, you can fill in an unwanted pool if it's a health and safety issue. The FHA 203k does cover that kind of project. You can also fix a driveway with the 203k. There's a lot you can finance with this home renovation loan. Check out the list below, covering eveything from roof repair or replacement to disability access.


Learn all about the projects you can finance with "The Complete Guide to Spring Home Improvement Financing" at the button below. Whether it's a new home to you (but it's old and needs work) or it's your current home that needs an upgrade, the FHA 203k is one option for financing all kinds of home improvements and renovations. Click the button below to download your free copy of this guide.



(pool: Flickr user Joe Shlabotnik)

Topics: home improvement loans

Down payment and terms shown are for informational purposes only and are not intended as an advertisement or commitment to lend.  Please contact us for an exact quote and for more information on fees and terms.  Not all borrowers will qualify.
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