A 203K mortgage allows you to finance home improvements and a wide range of repairs. These include structural repairs, modernization of the septic system, energy conservation, eliminating health and safety hazards, installing a well, replacing roofing, adding rooms, painting the interior or exterior of your property, and major landscape work with some exceptions.
While homebuyers are allowed to use the funds from the loan to repair an existing swimming pool, the program does not cover new swimming pools. The exact works you can fund depend on the type of loan you choose.