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If we want to install a pool will that be eligible under fha 203k loan?

By xstinaalexis78463645 from UT Jul 25th 2014
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No, 203k loans can only be used to make necessary repairs on the home, not add square footage or a pool.

Jul 25th 2014

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Unfortunately, with a 203k restoration loan you cannot install a pool or any outdoor fixtures. If you have any other questions, be sure and call or email me. I am in Salt Lake City. Linda Miller 801.550.1222. linda@lindamillergroup.com

Jul 25th 2014

The 203k Streamline program does not allow this; that is what most lenders have access to. The full 203k product does allow it along with other items the streamline product doesn't. If you're installing a pool, there are better renovation loan products available, though. I'd have to verify any specifics related to pools with them, but I know it can be done. I also have some pool installation contacts in the St. George area, so I know they will have some suggestions, too. Send me an email and we can work on getting this done for you.

Jul 25th 2014

As the others have indicated, a 203K loan would not allow you to install a pool. It is essentially for remodeling, cosmetic work and general home improvements. If you want more info or to look into other options, please let me know. I am here in Salt Lake.

Jul 29th 2014


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