VA Loan Requirements for Homes with Swimming Pools

Do you want to use a VA loan to buy a home with a swimming pool? If so, there are some important factors that you should consider. Buying a home with a swimming pool no doubt has its perks. Instead of sweating outside on a hot summer day, you can take a dip in your own backyard pool to cool off! However, it’s important to know, there are VA loan requirements for homes with swimming pools. Here’s what you need to know.

VA Loan Requirements for Swimming Pools

When you’re buying a home with a VA loan, you go through something called the VA appraisal process. During this process, an inspector comes out to evaluate the property to determine its condition. They look to see that the home is safe, sound, and sanitary and meets the VA’s Minimum Property Requirements. If the home has a swimming pool, the pool may also need to meet these requirements. It all depends on what type of pool it is.

Above-Ground Swimming Pools

An above-ground swimming pool is a pool that is installed above the ground level rather than in-ground. These types of pools are typically made from materials such as vinyl, fiberglass, or metal, and come in a variety of sizes and shapes. They can be easier to maintain and clean than in-ground pools since they are not as deep and do not require specialized equipment for cleaning.

If the home you’re looking at buying has an above-ground pool, you don’t have to worry much. Since these pools are free-standing, they do not need to pass the VA’s Minimum Property Requirements. However, you may need to provide evidence or documentation regarding the fair market value of the pool since it will be listed in your real estate contract as personal property.

In-Ground Swimming Pools

An in-ground swimming pool is a pool that’s built into the ground so that the top of the pool is flush with your yard. They are usually made of concrete and are fixed, permanent structures. In-ground swimming pools typically have a longer lifespan and can significantly increase the value of your home.

If you’re considering buying a home with an in-ground swimming pool, then the VA’s Minimum Property Requirements will apply. You will need to meet all the VA loan requirements for in-ground pools. This means that the pool will need to be safe, structurally sound, and sanitary. All the equipment must be in good working order and the water must be free of hazards like harmful algae and contaminants.