Hot tub financing

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Martha Stewart

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  • No home equity needed
  • Comparing rates won't affect your credit score
  • No obligation to get a loan
  • Fair to excellent credit (580+)
  • Best for hot tubs up to $35,000
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Ready to create a relaxing backyard retreat with a new hot tub this year?

There’s no denying the appeal of a long, hot soak to ease away the stress of the day. The good news is that today’s hot tub models come at price points to match any budget, putting a hot tub within reach of just about anyone willing to consider financing options.

What are my options for hot tub financing?

Hot tubs are a bit different from other home improvement and repair projects—such as upgrading a dysfunctional bathroom or replacing a leaky roof—because they are usually considered luxury additions that simply add to your enjoyment of your home.

There may be times, however, when a hot tub is more of a necessity than a pleasure purchase. For example, if you’re trying to sell your home, and installing a hot tub would add to its value and make it more attractive to potential buyers, you may want to consider financing one so you can make the improvements right away.

It’s always a good idea to save up cash for pleasure purchases if you can; you’ll avoid the interest and fees that go along with other types of hot tub financing. But if you’re ready to take the plunge and install your hot tub without cash on hand for the project, you do have several financing options.

Home equity loans to finance a hot tub

Most homeowners are hesitant to tap into their home equity for hot tub financing, especially because it puts the home at risk if payments aren’t made on time according to the loan agreement. They also carry high application costs and may include a stiff penalty if you pay the loan off early.

Zero-equity personal loans for hot tub financing

If you lack sufficient equity in your house for a hot tub project, or if the thought of using your home as collateral for a “pleasure” project seems a little too risky, a personal home improvement loan is a great option for financing your hot tub.

Hot tub projects vary widely in cost, with the cheapest, inflatable models available for around $500, and the most expensive built-in models costing as much as $25,000 or more. If you are looking at one of the more expensive models, personal home improvement loans are often the most attractive option.

Keep in mind, however, that most lenders require a credit score of at least 640 to qualify for a personal loan. If your credit isn’t where you’d like it to be, interest rates may make your hot tub financing prohibitively expensive—if you qualify at all. If that’s your situation, you may want to wait until you’ve saved up the necessary cash or improved your credit score before you buy a hot tub.

Personal Home Improvement Loan Pros:

  • There are usually no application fees and the quick approval process means you could have your money in as little as a day or two.

  • Shorter repayment terms mean your project is paid off in just a few years (typically three to seven).

  • Predictable, fixed monthly payments let you budget responsibly for your hot tub purchase.

  • Overall borrowing costs tend to be lower than with home equity loans.

  • There are no prepayment penalties, so you can double up on payments when you have extra cash and pay your loan off early.


  • Personal loan interest rates are usually a bit higher than those of secured home equity loans.

  • Unlike interest payments with home equity loans, which are usually tax deductible, you can’t deduct the interest on a personal loan from your taxes.

Credit card financing for your hot tub

Depending on the cost of your hot tub project—and how quickly you’ll be able to pay it off—a home improvement credit card may be a great option for hot tub financing. If you’re looking at a budget-priced hot tub, like an inflatable model or lower-end acrylic one, applying for a personal home improvement loan might be overkill. Many have a loan minimum of at least $2,000, which is more than you need for less expensive hot tubs. For these smaller purchases, a home improvement credit card offers you more flexibility and convenience.

Home Improvement Credit Card Pros:

  • Many credit card lenders offer 0% interest for a specified term, in some cases as long as 18 months, which means you get zero-cost hot tub financing if you can pay it off during the 0% introductory period.

  • Home improvement credit cards are extremely convenient and flexible to use—depending on your credit limit and the cost of your hot tub, you may be able to charge additional, smaller expenses as they come up, like hot tub covers, outdoor lighting, and other hot tub accessories.


  • Once the introductory 0% rate goes away, interest rates can be extremely high.

  • As your balance goes up, so do your payments, and they can become unmanageable as your interest rate climbs.

What you should know before you apply for hot tub financing

The total cost of your project will be the main driver determining which type of hot tub financing is right for you—and there are a lot of factors that go into the cost of adding a hot tub to your backyard or deck.

Above-ground vs built-in hot tub financing

Generally speaking, above-ground models are less expensive, but there are added expenses that affect your overall hot tub financing amount:

  • Location. Do you have a deck or porch already in place for the hot tub, or will you have to build one? Will you need to pour a concrete pad? These can add hundreds or thousands of dollars to the cost of your project.

  • Plumbing and electrical. If your hot tub space isn’t set up for water and power to heat it, you’ll need to bring in professional help before you can install your tub.

  • Permits. Depending on where you live and the amount of work needed to add a hot tub, you may need to go through an inspection and permitting process.

  • Transport and delivery. Unless you purchase an inflatable hot tub, you will need a crew of between two and six to deliver and set up an acrylic or wooden hot tub. In some cases, you may need to remove sections of fence to get the tub into your yard. You may even need a hand-towed crane to transport the larger models.

  • Accessories. If you want a cover, outdoor lighting, pump and filter system, or weatherproof stairs into the tub, for example, it’s a good idea to roll these costs into your hot tub financing.

For the more durable above-ground models, expect to pay between $4,000 and $10,000 for a wooden hot tub, and between $5,000 and $20,000 for an acrylic one, depending on size and features.

Built-in hot tubs are the more expensive choice, because they require excavation and professional installation. The good news is that these become permanent features of your outdoor landscape and may even increase the value of your home, depending on where you live.

Although your hot tub dealer will likely factor in all the professional installation costs for a built-in hot tub in the quoted price, here are a few additional costs to keep in mind before you apply for hot tub financing:

  • Landscape repair. The installation process for a built-in hot tub is pretty intrusive and will likely disrupt your backyard lawn and landscaping. There may be additional costs to repair it and adjust your landscaping scheme once the hot tub is installed.

  • Utilities. It’s generally far more costly to heat an in-ground hot tub than an above-ground model, so you may want to consider alternative heat sources, such as gas, when you install. These heating units are more expensive upfront, but may save you money overall on your utility bills.

  • Hot tub surround. If you’re investing in a built-in hot tub, you won’t want it to be just a concrete or gunite hole in the ground. Figure in the cost of an attractive tile or stone surround when you apply for hot tub financing.

Most built-in hot tub projects will cost a minimum of $15,000 and may go as high as $25,000 or more, depending on the size of the tub, the materials you use, and the surround you choose.

Unless you have a very healthy monthly cash flow and can pay off your balance quickly, a personal home improvement loan is usually a better choice than a home improvement credit card for a project of this size.

How Hearth can help with hot tub financing

If you don’t have time to save up for your hot tub project—and the thought of risking your home for a backyard spa leaves you cold—Hearth can help you find the best personal home improvement loan or home improvement credit card to complete your project.

Here’s how it works:

  • Decide which type of financing, personal loan or credit card, is right for you based on the size of your project, the length of time you’ll need to pay it off, and how much you have to spend on monthly payments. Click here to use our home improvement loan calculator to estimate your payments and give you a better idea of what you can afford.

  • Once you’ve decided on the type of hot tub financing you want, click to apply for a personal home improvement loan or home improvement credit card. The application process takes less than three minutes and won’t affect your credit score, so you can apply for both types of hot tub financing if you can’t decide which is best for your situation. (If you’d like more information on the different types of financing available and how they compare, check out the Hearth home improvement financing comparison tool.)

  • Review and compare personalized offers from our lending partners for your hot tub financing and choose the one that works best for you. Once you select your hot tub financing offer, complete a few more steps—and your money will be on the way in as little as one to 10 days.

Ready to make your hot tub dream a reality? Hearth can help you make it happen.

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