Serving Pasco County, Spring Hill Area, New Tampa, and Surrounding areas | 1-833-519-POOL (7665)
Swimming Pool Loans
for Good & Bad Credit
Frequently Asked Questions
About Acorn Finance
Get personalized rates for pool loans in
60 seconds without impacting your credit
score in any way.
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What are Acorn Finance’s credit requirements?
Acorn Finance is an online lending marketplace where you can easily compare rates and monthly payments from different lenders without impacting your credit score. Anyone can check for offers on Acorn Finance.
However, each lender that participates on the Acorn marketplace has a specific set of credit requirements that helps them determine, based on risk, who to lend money to. These requirements typically includes things like:
Your credit score
Your employment status and income level
Your credit history
Your debt-to-income ratio (lenders typically look to see if your outstanding debt obligations plus any new debt can be supported by your income so they can evaluate how likely it is that you will be able to repay the loan)
Generally speaking, the minimum credit score our lenders consider is around 560. They also look at other information from your credit report to determine your eligibility for a loan. For example, if you have a recent bankruptcy filing or have missed payments on loans or credit cards within the past few years, the lenders may not provide offers.
If your credit history is challenged, adding a co-borrower (such as a parent or spouse) with a stronger score can help.
This chart shows how lenders generally view different credit score ranges in terms of risk level:
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Frequently Asked Questions
What is Acorn Finance?
Acorn Finance is a lending marketplace where the nation’s top online consumer lenders pre-qualify customers for personalized loan options in 60 seconds, with no impact to their credit score. Acorn Finance uses an initial soft credit inquiry to provide access (for eligible individuals) to competitive loan offers through a fast and easy online process.
Is Acorn Finance legit?
Acorn Finance is an accredited, safe, and secure business headquartered in Sacramento, California. We have an A+ rating at the Better Business Bureau and excellent ratings on TrustPilot. We receive thousands of requests each month from people checking for pre-qualified loan offers from our network of top lenders.
Acorn Finance has been issued licenses and registrations in these states.
You can also find us at the Nationwide Multistate Licensing System (NMLS).
*NOTE: The original name of our company was Headway Sales Inc. We changed it to Acorn Finance because we partnered with a commercial lender called Headway
Capital and wanted to avoid confusion.
Please reach out to our Support Team with any additional questions: 916-404-1982
Does Acorn Finance have a phone number to call?
Yes, our number is: 916-404-1982
Where can I find the Acorn Finance login for Contractors?
Contractors: https://my.acornfinance.com/sign-in
Borrowers Access Offers Page: https://www.acornfinance.com/access-offers
What are Acorn Finance’s interest rates?
Acorn Finance is not a lender, so it does not set interest rates on loans. The lenders that participate on the Acorn loan marketplace have specific sets of credit requirements that help them determine, based on risk, who to lend money to and what interest rates to charge.
Interest rates are calculated based on a lender’s assessment of the credit risk of the borrower. To determine this, the lender may consider factors including:
Your credit score
Your payment history on credit cards and loans
Your debt-to-income ratio
The length of time you have been using credit
Does Acorn finance require a minimum credit score to check offers?
There is no minimum credit score requirement to check offers on Acorn Finance. Using your submitted application information and a soft credit check, our network of lenders will evaluate your loan request in seconds to see if you are pre-qualified for offers.
Each lender has an established underwriting formula and typically includes factors such as your credit history, your current debt-to-income ratio, and your employment status in determining your creditworthiness and what offers you qualify for.
How can first time home buyers use Acorn?
First time homebuyers can use Acorn a few different ways:
If you just purchased a new home and it needs interior remodeling, exterior remodeling, or any other kind of home improvement work done, you can check for financing offers on Acorn
If you need additional cash for a down payment on the house, you may be able to use a personal loan
Is there an Acorn Finance app?
Acorn Finance has a web-based app. You may save the portal link to the home screen of your mobile device. Once you have it on your device, it works like any other app.
Using your mobile device, go to https://my.acornfinance.com/sign-in and sign in.
This will open the portal on your phone. Then you can save it to your home screen.
Instructions to download the app are different for iPhone and Android:
What is Acorn Finance for contractors?
Acorn Finance is a financing platform for contractors, with no dealer or subscription fees. Our marketplace of lenders can serve a broad range of borrowers with a variety of credit needs.
Does Acorn Finance offer business loans?
Business loans are available on the Acorn Finance marketplace. You can receive business loan offers through Acorn Finance’s quick and simple pre-application online process. Our platform works with 28 business lenders to help you find the best lending products for your business.
Is there an Acorn mortgage program available?
Acorn Finance does not currently have mortgage offers available on the marketplace. However, second mortgages (also known as second liens, junior liens, or home equity loans) are available in select states.
Is Acorn Finance available in all US states?
Acorn Finance currently covers 97% of the U.S. Population. If your state is one of the 3 states that are not covered namely, Massachusetts, Nevada and Rhode Island then please be patient as we’re in the process of obtaining licenses in these remaining states. However, due to COVID-19, the state licensing application process is delayed.
State Coverage Map
Acorn Finance currently covers 97% of the U.S. Population. If your state is one of the 3 states that are not covered namely Massachusetts, Nevada and Rhode Island then please be patient as we’re in the process of obtaining licenses in these remaining states. However, due to COVID-19, the state licensing application process is delayed.
Easy Swimming Pool Financing Near Me - No Hard Credit Check OK
A new pool is an investment, and not cheap. We know when you’re looking to finance your pool, it can be overwhelming.
That is why Acorn puts you in control by showing you personalized pool loan offers from lenders in our network, with no impact to your credit score.
You can easily sort the pool financing offers based on what’s most important to you: interest rate, payment amount, or length of the loan.
Our 100% online, customer-friendly process is designed to help you find cheap payment options with trusted lenders that can finance your new pool.
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What to expect
Pool Loans: A Guide to Swimming Pool Financing
Imagine floating on a raft sipping an ice-cold beverage in your own backyard after a long hot day... a pool loan or financing a pool can make this your reality! There are plenty of options available for all credit types when it comes to pool financing and pool loans. Building can be expensive but the memories it'll create and the value it can add to your home make it easily justifiable.
Can You Get A Pool Loan?
Absolutely! Financing your new swimming pool is a great way to start enjoying your outdoor space quickly with a low monthly payment.
If you're interested in financing a swimming pool, it's important to do your research and select the right loan. Keep reading to learn more about the pros and cons of different types of swimming pool loans.
How do you secure pool financing?
When it comes to financing a pool, you may have more options than you think. Before picking the best type of financing for you, you should decide what type of pool you want. Do you want an inground pool? Do you want an above ground pool? Do you want a concrete or fiberglass pool? The options and type of pool you choose can significantly impact the cost. Personal loans may be a good option for all credit types to finance all pool types. Other options for pool financing can include home equity loans, home improvement loans, or financing offered by the pool dealer. A little later on we will dive into the pros and cons of various pool financing options.
How do pool loans work?
If you use a term loan, such as a personal loan or home equity loan, for pool financing you should receive the funds as a lump sum that can be repaid over time with interest. In some cases, you may be able to take advantage of a payment deferral program to delay the start of payments. Most personal loans do not have spending restrictions. This means that you can spend the money on building a new pool, finishing landscaping projects, or perhaps adding a deck while you are at it. Backing the process up a few steps, you will need to find the pool loan you want to use. Most banks, credit unions, and online lenders offer pool financing options. The contractor you are working with may even offer financing options. The loan amount, terms, and the borrower can impact what type of rate you may qualify for. Generally speaking, banks and credit unions are usually the most selective about who they lend money to. While online lenders usually have less strict approval requirements. If you have excellent credit, you should have plenty of options when it comes to selecting the best pool financing. To get pre-qualified and see what you qualify for you'll probably need to submit an application with the lender. Acorn Finance allows individuals to submit one application and receive multiple personalized loan offers within seconds without affecting their credit score.
What kind of loan can I get for an inground pool?
Our top 3 inground pool financing options are home equity loan, HELOC, and personal loan. Home equity loans and personal loans share similarities and are both term loans. However, a home equity line of credit (HELOC) is a bit different. HELOC loans provide a revolving line of credit that is secured by the equity in your home. In most cases, homeowners have a draw period for their HELOC loan and are not required to begin repayment until after the draw period. You should only be charged interest on the amount of money you draw. Truist offers competitive HELOC loans up to $500,000 with a 10-year draw period and 20-year repayment term. However, if you are not a Truist customer you may be required to pay a higher rate. Discover is a top lender for home equity loans that can help good credit and fair credit borrowers. Most lenders that offer home equity loans have strict approval requirements. Discover is known for having much less strict requirements and perks such as repayment terms up to 30 years. Like most home equity loans, even Discover can have lengthy approval and disbursement processes.
What is the average monthly payment for a pool?
The average monthly payment for a pool loan can depend on the amount you finance, the term, and the interest rate. You may also need to account for other fees associated with loans such as origination fees. Let's assume you use a personal loan and borrow $40,000 at 6.99%. If you go with an 8 year term your payments could be as low as $487. You could extend the term to 10 years or perhaps even 12 years. If you went with a 10 year term you could have payments as low as $405. Keep in mind that a longer term may mean lower payments but it usually does not mean a lower loan cost. In most cases, the longer you borrow money, the more interest you pay.
The amount you finance for your pool loan can change your monthly payment. Let's just say you use a personal loan at 6.99% with a 12-year term and finance $20,000. If you signed into this loan your payment would be about $185 per month. If you wanted to pay the loan off in 6 years your payment would be about $322. If you paid the loan off in 6 years rather than 12 years you could save more than $3,000 in interest. Many online personal loan calculators can help you determine your estimated loan payment and savings for early payoff.
Is it hard to get pool financing?
Qualifying for pool financing can be easy, even if you have bad credit. If you have bad credit you should look into a personal loan. Most likely if you are reading this, you are already doing your due diligence to learn more about pool financing...you are on the right track! Once you do your research and understand the various types of financing you can select the loan type that is best for you. It can be helpful to know how much your pool will cost and how much money, if any, you would like to put down on the loan before applying.
Is financing a pool a good idea?
In most cases financing a pool is a good idea. It can increase the value of your home and make it more desirable while providing a space that your family will love. It can be considered what we like to call "good debt." You'll likely recoup most or all of your investment when it's time to sell your home.
What credit score is needed to finance a pool?
You should have a 550 or above to qualify for pool financing. If your credit is below 600 you should consider applying for a personal loan with a cosigner who has good credit to increase your chance of approval.
Pros & Cons of Swimming Pool Loans
Is the cost of building a swimming pool holding you back? Pool financing and loans are available to help you discover the backyard of your dreams. For the most part, pool loans are fairly easy to obtain and offer affordable monthly payments. Let's take a look at some pros and cons associated with swimming pool loans.
Pros
1. Affordable monthly payments
2. Increase home value by adding a pool
3. Competitive interest rates
4. Quick funding
Cons
1. Taking on a lot of debt
2. Qualifying for pool financing can be a challenge
3. Risk of getting a bad loan (do your research!)
Typical Length of Pool Loans
Pool loans can range between 7 to 15 years, but swimming pool financing are most commonly 10 year loans.
How Much Does A New Pool Cost?
Putting in a swimming pool can be very expensive. Factors such as the type of pool, location, size, and custom features fluctuate the price of a pool. The investment can be justified by the fun times and increased home value a pool can provide. Let's take a look at different types of swimming pools and their average cost.
Vinyl pools: $20,000s – $60,000s
Fiberglass pools: $20,000s – $40,000s
Concrete pools: $30,000s – $60,000s
How much is a 12'24 inground pool?
On average a 12'24 foot swimming pool should cost between $14,400 to $36,000. That breaks down to about $50 to $125 per square foot. Most swimming pools are about 14'28 feet with an average depth of 6.5 feet. On average a 14'28 foot swimming pool costs between $19,600 to $48,750.
How Much Does It Cost To Operate And Maintain A Pool?
The cost of building a pool is one thing and the cost to maintain it is another. It's important to factor in both, especially when you will be taking on a monthly payment to finance your pool. Some expenses involved in maintaining a pool include:
Pool-cleaning equipment
Maintenance or cleaning service
Water and water treatments
Pool heating
Pool cover
Lighting
Increased utility expense
On average these expenses cost:
Basic upkeep: $1,200 – $1,800 annually
Upkeep, potential repairs, & increased utility costs: $5,000 annually
Can You Finance Pool Repairs Or Add-Ons?
Depending on the type of loan you qualify for, you may or may not be able to finance pool repairs or add-ons. In most cases, add-ons at the time of installation may be easier to include in the loan compared to repairs or add-ons in the future.
What Credit Score Do You Need To Get A Pool Loan?
Different lenders will provide different rates and financing options for your new pool depending on your credit score. On average, expect to need a credit score around 600+ in order to get a swimming pool loan. That being said, other factors are involved, so if you are considering getting a new pool but need financing, check your options with Acorn Finance today.
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