Frequently asked questions

How Much Is A Pool Today?

There are many factors in the cost of constructing or remodeling your pool. These costs include but are not limited to soil/site conditions, utilities, size of pool, features, sanitation system, interior/exterior finishes, and many other exciting options that are available.

What Is Required To Qualify?

Lenders will typically want to see a credit score of 650 or higher with a history of on time payments.

Debt-to-income ratio will need to be 35% to 45% depending on the loan program. A good way to figure your debt-to-income ratio is to add up any monthly payment that is to a creditor (mortgage, car loan, credit card bill, etc..) plus an estimated pool payment amount then divide by your monthly gross income.

Proof of income will be required for most loan programs. Variable income, such as commissions and bonuses, will need to have a two-year history to be counted towards your yearly salary amount.

What Terms & Rates Are Available?

On the average, interest rates are going to range between 5% to 9%, with the most common rate being 6.25% to 6.5%. Those with significant equity in their homes will be closer to 5%, and those with credit challenges may be closer to 9%. All loans have fixed rates with no prepayment penalties.

Secured loans have terms from 5 years to 20 years. We find that most customers choose the 15-year option as the rate does increase on the 20-year loan product. Unsecured loans have 5, 10, and 15-year term options.

How much are monthly payments?

You can use our loan calculator as an estimator.

How Long Is The Loan Process?

Unsecured loans typically take 7 to 10 days from application submittal to loan signing. Secured loans can take 4 to 5 weeks from application submittal to loan funding. Please keep in mind that promptly returning the lender’s request for documentation will dramatically speed up the process!

The good news is that with a signed contract and a $1000 deposit, we can start on the construction plans and permits while you go through the loan process, which will help to get the pool dug up to a month sooner. All loans offer 100% financing, so the deposit would be refundable once the loan is funded, and those funds are released to Trident Pools.

How Are The Funds Disbursed?

Secured lenders will mail you dual-party checks that are made out to both you, the pool buyer, and Trident Pools. We will request a check for each phase of construction. You then endorse the check and give it to your Trident Pool construction manager.

Unsecured lenders will electronically disburse payments to Trident Pools upon your approval or agreed upon date. Payment disbursement is prescheduled or requested at one of the major construction phases.

I Already Have The Funds, How Do We Proceed?

Awesome because you are now one step ahead to enjoying your new backyard! Trident Pools accepts progressive payments throughout the major phases of pool construction. Landscape and remodel clients will have their progressive payment schedule detailed on their contract documents as the scope of work with vary from project to project. A simple $1000 deposit that goes towards your account balance is all that is needed to start the permit and engineering process. Are you ready to build? Contact us for a consultation today!

Is It Cheaper To Build A Pool In The Winter & Should We Wait?

This is simply a myth as it is not cheaper to build a pool in the winter. Every year we incur increases in labor, materials, and fuel which are passed onto the cost of pool construction. We recommend starting when its best for you and your family. Some clients prefer to start pool construction in the winter so they can start swimming and entertaining as soon as the heat comes. Keep in mind that pool construction in the winter can be a slower process due to rain and there will certainly be delays. Pool loan rates are at an all-time low, so let’s get you financed today!

Can We Pay With A Credit Card?

Sure can! Trident Pools accepts all major credit cards including American Express. Please note that all credit card payments will incur a 3% processing fee. The initial $1000 deposit is excluded from this fee.