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Posts: 855
Registered: ‎06-29-2010
Re: USDA Direct and In ground swimming pools

iamwhoiam wrote:

The rules exclude in ground pools. There is a property I am looking at that has a pool in the very back of the yard that is fenced in and covered and has not been used for years. I have absolutely no intention of repairing it for use.


The house is perfect for us. It is outdated but there is plenty of space and the house is sound. The issue is the pool.


The rules state that removing before or after closing is unacceptable. Is there a way around this? Filling it in? Can an exception be made?


There are slim pickings in my area for homes so unless something new pops up in the next 2 months, I am SOL.

OP, it appears that the USDA doen't have a no pool rule. It looks like you just have to jump through a few more hoops because they won't count the value of the pool in the appraisal -- which might disqualify from using a USDA loan, depending on how much you want to borrow versus the value of the property.


"In-ground swimming pools. The loan, not including RD fee, is limited to the appraised value WITHOUT the pool. The FHA appraiser must justify value 'as is' AND a value as if the property had no pool. The value of the pool must be established and justified."