Can you add a pool to your mortgage?

Only if you are doing a HomeStyle renovation loan.. the home would need to appraise as if the pool were already there, and your loan to value would be restricted to meet program guidelines, but yes.. there is a way to add a pool into a first mortgage.. FHA has a renovation loan called the 203(k), but this loan does not allow adding a pool.. only fixing up a pool that's already there, and your limited to $2500 in repair costs.. so that loan would not work for your scenario. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Fannie Mae's rehab loan is the only way I know of.

As William stated the Homestyle loan may be your only option.