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regarding empty swimming pools and financing

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Icon Mini Profile marilynd



Joined: 08 Apr 2008

Posts: 1



1.29 Dollars($)

PostPosted: Tue Apr 08, 2008 6:35 pm    Post subject: regarding empty swimming pools and financing

is that true that no loan will qualify when purchasina a home with (no water in a swimming pool) for conventional . I know fha it has to be filled or dirt. please help
 
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Icon Mini Profile larry



Joined: 27 Jun 2007

Posts: 3328



473.51 Dollars($)

PostPosted: Tue Apr 08, 2008 11:44 pm    Post subject:

Hi marilynd,

Welcome to the forum.

I have not ever heard anything like this before. where have you get the information? can you please explain it in detail so that we can also know about it. Hope some lender will soon shed some light on it.
 
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mortgagediva

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0.10 Dollars($)

PostPosted: Tue Nov 11, 2008 9:38 am    Post subject: empty swimming pool

Per FHA guidelines, a empty swimming pool is a safety issue and must be filled with water or dirt. If filled with water the filter system must be in working condition.
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Icon Mini Profile bearboysj
bearboysj


Joined: 25 Oct 2008

Posts: 37



15.14 Dollars($)

PostPosted: Tue Nov 11, 2008 1:50 pm    Post subject:

Per the above response, conventional also has this same requirement. While the latter could be lender specific, I've never worked for a lender who didn't require this.
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