Projects consisting of only a pool installation may follow the reduced requirements below. 

    • Reduced documentation and simplified process applicable when the project consists only of a pool, pool decking, and/or any fencing or netting immediately surrounding the pool.
    • Materials draw available at closing lesser of $15,000 or 25% of the total project cost may be advanced at closing for material costs for items ordered and not yet paid for.
    • Simplified bid requirements all work to be performed must be fully described, bids are not required to separate labor and material costs.
    • Permits while permits must still be obtained and referenced, an itemized listing of all permits and their costs is not required.
    • No holdback fund required will fund each draw in its entirety and not withhold 10% of the draw. 
    • 10% contingency reserve is required.
    • A streamlined version of the Fannie Mae Homestyle® Program specifically for building a pool.
    • Up to 95% LTV based on the lesser of subject-to appraised value or purchase price/refi costs + total cost of renovations.
    • Primary and second homes only.
    • Purchases or Refinances.

    Kris Czelusniak
    Kris Czelusniak
    12276 San Jose Blvd Ste 206 Jacksonville FL 32223