I worked for a swimming pool builder here in Tampa and I know things are bad all over because there is no money to lend for purchasing a pool. But now with the 203B FHA refinance at 95% LTV folks can now get financed to buy their pools doing a refi. Of course, it is good to always explore all options. But this is really good news not just for the home owner wanting to build a pool, but for the suffering pool builders out there.
I was confused and thought it was a 203K for this type of loan but it is 203B.
I spoke to my former boss at the swimming pool company and she was very happy to hear about this because they have had to turn down pool sales because folks can't get the loan to build the pool.
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