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.


  • 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


Pool Financing through Discover


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


Pool Loans through Lightstream


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

Swimming Pool Financing through Marcus by Goldman Sachs

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 offers swimming pool loans

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 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


Get a pool financing through Upstart

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%

Pool Loan













  • Easy to qualify with good credit
  • Unsecured loan
  • Borrow Up to $100,000


  • More expensive than HELOC
  • Not everyone will qualify