Compare Mortgage Quotes

marilynd · Joined: 08 Apr 2008 Posts: 1 1.41 Dollars($)

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

larry · Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)

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.

Guest

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.

bearboysj · Joined: 25 Oct 2008 Posts: 42 17.02 Dollars($)

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.

Guest

is this true even if the pool is currently fenced in

jenkin7 · Posted: Wed Apr 01, 2009 11:23 pm Post subject:

Hi chris,

As per FHA and many other conventional loan requirements, the swimming pool must be in working condition or filled with dirt if not in use. So, I don't think it makes any difference if the pool is fenced or otherwise. However, there may be some conventional loan providers who are not so stringent about it and they would not mind offering you a loan for the house.

gmakerley · Posted: Thu Apr 02, 2009 7:42 am Post subject:

fences aren't foolproof - people have been known to climb over them. perhaps you're talking about an electrified fence, though. if that's the case, then you've got an even bigger hazard than the pool represents.

Guest

is there anything in concrete on how to address this. should it always be a health and safety issue and "subject to" filling with water or ?..... anything else acceptable. like in covering with boards or just leave it as a recommendation to fill pool elimininate or deter potential for falling in pool hazard.

savior70 · Posted: Thu Feb 18, 2010 12:24 am Post subject:

Hi,

It's difficult to get a home loan if you have an empty swimming pool in the property because of safety issues. Most of the FHA and conventional lenders would want you to fill the pool with either water or dirt to ensure safety. There's nothing in concrete about how one can address this issue. However, different lenders have different requirements and some may be less stringent about offering you a mortgage in situations like this. Talk to the lenders to know what exactly could be done to address this issue and qualify for the loan.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1

Compare Mortgage Quotes

regarding empty swimming pools and financing