Yes. New swimming pool construction is an eligible improvement under this program.
The Luminate Bank Interim Renovation Loan matrix lists new swimming pools among eligible repairs — alongside structural work, foundation repairs, tear-down and rebuild, mold and lead remediation, and appliance replacement.
That matters because many permanent renovation mortgages restrict recreational or luxury upgrades. If your project includes a pool as part of a larger rehab — or as a primary improvement meeting the $50,000 minimum repair amount — this interim product can finance the work through escrowed construction draws.
Ryan and Steve help you structure the scope, contractor, permits, and draw schedule so pool construction stays on track within the 15-month construction period.
Same short-term interest-only structure as other major renovations — with draws tied to completed work and inspections.
Labor, materials, permits, draw inspections, and related soft costs can be financed when they are part of the eligible renovation budget.
After closing, construction funds are held in escrow. Limited builder advances may be available at closing and after required permits are provided.
Your general contractor is paid through inspection-based draws — up to two per month — as excavation, shell, and finish milestones are completed.
The interim loan is temporary. Once the project is finished, pay it off by refinancing into permanent financing or selling the property.
Unlike many FHA and conventional renovation products that restrict recreational upgrades, this program lists new swimming pools as eligible.
Pair the pool with kitchens, baths, structural work, or a full rehab under one interim loan with a $50,000 minimum repair amount.
First lien up to $1.5 million supports larger total scopes than many traditional renovation products allow.
Carry the project with a 12-month interest-only interim loan, then refinance or sell when the work — including the pool — is done.
Related Luminate Bank Interim Renovation Loan guides and renovation programs to compare before you apply.
Structural, non-structural, pools, remediation, and more.
Tear-down and rebuild projects allowed under this interim program.
700 conforming / 720 above conforming limits.
First lien up to $1.5M; second lien up to $500,000.
Full program overview, LTV grids, draw schedule, and best uses.
Compare interim construction with permanent renovation programs.
Yes. New swimming pool construction is an eligible improvement under the Luminate Bank Interim Renovation Loan program.
Many permanent renovation products restrict pools. This interim program lists new swimming pools among eligible repairs, alongside structural work, tear-down/rebuild, and remediation.
Eligible renovation costs — including pool construction — can help meet the program’s $50,000 minimum repair amount when included in the approved scope of work.
Funds are held in a construction escrow and released through inspection-based draws as work progresses — up to two draws per month — with one general contractor.
Ryan & Steve will review your pool scope, total rehab budget, and permanent take-out against Luminate Bank Interim Renovation Loan guidelines.
All loans are subject to credit and property approval. Luminate Bank Interim Renovation Loan program guidelines, LTV limits, loan amounts, and pricing are subject to change without notice and may not be available in all areas. This is not an offer to enter into an agreement. Information is for educational purposes only and is not a commitment to lend.