Personal loans ranging in size from $20,000 to $25,000 are available from a number of lenders. I will definitely be using them for any future projects and will be referring them to friends. These are just a few of the many benefits of offering contractor financing with HFS Financial. We dont abandon you just because construction has begun. Lyon Financial APR (interest rates) As low as 2.99% Maximum loan amount $200,000 Loan terms Up to 25 years HFS Financial Best for Large Pool Loans 4 out of 5 Overall Key Features Provides loans up to $500,000 Most loans are funded within 48 hours No prepayment penalties Get Details Not all will qualify. You might also consider using a credit card as your method of financing. HFS's platform loans are . Their customer support is exceptional, always going above and beyond to ensure that our client's needs are a priority., HFS provides an easy and convenient financing option for our customers. For Contractors. As a matter of policy, BBB does not endorse any product, service or business. Feel free to explain how their credit score wont be affected by inquiring about financing. National Contractor Success Manager - HFS Financial - LinkedIn Theres almost no limit to what customers can finance through contractor financing for their residence. HFS Financial offers low fixed rates and flexible payment options with terms up to 20 years. If you choose this financing option, be sure that youll be able to pay off the balance in a relatively short period of time. on after all.. Ideally, youll want to have a credit score of 700 or higher to get the best interest rates for pool financing. Dear Penny: How Do I Move Past My Husbands $150K Gambling Losses? Adam Sidle and Jonathan Kahl made the journey simple and effortless. The lender can securely transfer the loan funds right to their bank account so they can start their project as soon as possible. People seem to really like the company and appreciate the service they provide. The Birdeye app powers this profile. When I financed my own personal pool, I turned to HFS as well and found all my clients statements to be true for sure. Conditions and limitations apply. Taking on debt for a new pool doesnt have to be your only option. We also ensure all reviews are published without moderation. *Available on approved credit, not all will qualify. Ive personally worked with dozens of different lenders, Ari has hands down been the best to work with!, We absolutely love partnering with HFS. We take care of all that for you, meaning your staff can focus on what they do best providing the best home improvement experience possible. 6.99% (good credit) and 4% lender processing cost rolled into loan. From application to funding the process was very easy with no unnecessary time wasting in between. Thats crazy! This is another area where the focus on customer service makes all the difference at Lyon Financial. The company has been in business for over 20 years and is headquartered in California. Did mine through HFS Financial..unsecure loan at around 7% APR took a total of like 3 weeks. So I will pay forward a good deed and save you the 1500.00 broker and tell you we used United States senate federal credit union. How many years can you refinance a pool for? If you stop making payments and default on your loan, you dont have to worry about your house being foreclosed though the lender still could sue you. Payment example: Monthly payments for a $75,000 loan at 4.99% APR with a term of 15 years would result in 180 monthly payments of $592.70. JavaScript is disabled. Our simple and easy-to-use Check My Rate quickly allows them to get an idea about what their terms will be and estimate their payment. How the Lyon Financial Pool Loan Process Works, A Look at Rates & Terms for Signature Loans, Our Pool Loan Process & Frequently Asked Questions, How to Elevate Your Pool with Water Features, How to Keep Some Summer in Your Winter: Hot Tubs, Announcing 20-Year Terms on Signature Pool Loans, Pool Trends: Five New Pool Construction Materials, How to Find the Pool Shape That Suits You & Your Back Yard, The Top 6 Dos & Donts of Pool Maintenance, What to Ask Yourself Before You Build a Pool, Considers the big picture but accounts for all the small, supporting details, Clearly outlines every phase and every step within those phases, Makes room for adjustments based on client feedback, Is adhered to consistently by all employees, Includes a strong structure to communicate the progress of the process. You could put off your pool construction project for a few years and save up for the expense in cash. What credit bureau does Lyon Financial use? HFS Financial is a financing company that partners with third-party lenders to provide homeowners with the money to construct pools on their property. HFS Financials amazing customer care team is always available to answer any questions your customers may have. With a selection of industry-leading loan terms available, customers can find financing plans that fit their budgets perfectly. Customers have several advantages when it comes to home improvement financing, including fast funding, flexible payments, and the ability to make changes or additions during their project without worrying about bank approval. Prompt response to any questions we had and navigated the finance to contractor relationship with ease. We can extend for additional time as needed to complete the pool project, as long as no major changes to credit have been made. We have everything ready to go for you, and all you need to do is follow these simple steps. Low-Fixed Rates I would definitely recommend HFS to anyone needing a home improvement loan. That said, it is not impossible to get approved for a loan from Lyons Financial, but it may be more difficult than going through a less reputable lender. Once approved and the loan is closed, they can usually expect their funds within the week and the project can begin on your schedule. (No pre-payment penalty) scores from 620 & up (no lates on the mortgage, (last 2 years) collections, charge offs, BKs, short sale, or loan modifications in the last 3 years. Texas Blue Lake Pools works with HFS Financial and Lyon Financial to offer you pool financing options to finance your backyard dream. Business Details Location of This Business 118 Morlake Dr STE 202, Mooresville, NC. 15 Year Term You could teach your kids to swim right at home. When we are asked questions about Lyon Financial minimum credit score and Lyon Financial pool loan credit score, we assess creditworthiness on several factors, but theres one thing we NEVER do. What kind of financing text should I put on my website? Our aversion to this approach is just one of the things we do to act in the consumers best interest. If our clients are happy, we are happy to., Man, HFS has always came through for our clients. 4.99% APR for a 15-Year Swimming Pool Loan*, Available on approved credit, 850 FICO required, Unsecured Loan Representatives have always quickly responded to us as well as our customers, answering any questions that we have., When our prospective clients tell us they need financing for their pool projects, we strongly recommend the contact HFS. All loan programs found at www.hfsfinancial.net have no fees or penalties for prepayment. After you figure out what options are available within your budget, its time to decide on what type of financing you prefer. Lyons Financial is a highly respected financial institution, and as such, they have high standards for who they approve for loans. A conditional approval is available within 24 48 business hours. Within a week, we had the loan. If youve got excellent credit and would qualify for a low-interest personal loan (unsecured loan), that might be the better option. And if you dont have tens of thousands of dollars upfront to spend on a pool construction project, theres always pool financing. Contact our team members for more information on how we can help you turn today's dreams into tomorrow's memories. Unsecured Swimming Pool Loans - Nationwide Pool Financing - Lyon Financial Now trying to refinance our home and there is a UCC lien Loans for non-pool/standalone home improvement projects may incur different rates and terms based on loan purpose. If You Have More Than $1,000 in Your Checking Account, Make These 9 Moves, This 10-Day Savings Challenge Is Going Viral By Making People Richer, The 9 Biggest Money Secrets Most Rich People Wont Tell You. This includes loans for people with bad credit and loans for people who are self-employed. Our automated updates and contractor support representatives keep you informed when a customer applies, and well also let you know if theyre approved or denied. Financing with HFS Financial is easy and convenient for customers, which means your customers will come back to you time and again. They did a great job on approving us without any issues. Thank you! When it comes to high-dollar home improvements, new pools, or even simple renovations, its important to remove barriers that cause your customers to back off on pursuing the project of their dreams. They are very fast to process new applications and respond promptly to all questions and emails. Our Contractor Resource Center has your widget ready for download. Private, unsecured loans typically need to be repaid sooner, however some have loan terms of 20 years or more. We couldn't be happier. Rates vary depending on project size and other factors, so be sure to discuss your customers specific needs with them before they start their finance inquiry. Additionally, Lyon Financial has a higher customer satisfaction rating than HFS Financial. Here's a summary of how we make pools and spas and pergolas happen! . Lazy afternoons, endless evenings, and the freedom to relax with friends and family. Lightstream requires a cosigner for all loans, while Lyon Financial does not. With HFS Financial, there are no hidden costs. And, Do you think adding a custom pole barn to your homes property would be a great asset? How a Custom Pole Barn Can Transform Your Landscape. The loan options are based on your income and creditworthiness. But never were we told that there would be a lien against our home, not allowing us to refinance the house. A credit score of 600 or higher is generally required to use a personal loan to cover pool fees. Financing Your Pool Project. Ideally, we like to see a DTI of 50 percent or less (including the loan amount being requested). Can I Offer Contractor Financing for ADUs? Its estimated that about 75% of customers need a loan to achieve their home improvement dreams. However, just like with a home equity loan or HELOC, your home is being used as collateral, and youll face additional fees involved in the refinancing process. Financing also allows customers to dream bigger. This will help you stand out from the competition and acquire more customers than ever before. HFS Financial is located in Reisterstown, Maryland. Thats right, no car loans, no mortgages, no student loans. "We love working with HFS. Explain the benefit of having no surprises when it comes time to pay off the loan. Lyon Financial - Swimming Pool Financing Specialists Since 1979 With HFS Financial, they can get up to 120% of the loan amount, so theyre covered even for those unexpected things that pop up in many projects. (These include previous years tax returns specifically Schedule C & E for those self-employed; a W-2 and recent pay stubs for wage earners). 5 Excellent Sources for Pool Construction Loans - Aquascapes Pools Dear Penny: How Do I Get My Ex-Husbands $10K of Past-Due Alimony? #Available on approved credit, not all will qualify. You dont have paperwork to fill out or a complicated process to walk through we handle all of that part! And by training your staff to talk about financing when speaking to potential customers and clients, you can have a continual source of funding coming through to support your business. Lyon Financial Google Reviews are very positive. HFS Financial is not a lender. While youll only pay back what you borrow, the interest on HELOCs are usually adjustable rates rather than fixed rates. Thats right no stage funding. Adam Sidle and Jonathan Kahl were amazing to work with. It is personally reviewed by a member of our loan team. Conditions and limitations apply. Customers can get the money for their project quickly and pay their bills directly allowing them to enjoy their new home improvement project as fast as you can complete it. HFS Financial does not endorse,warrant,or guarantee service or products of any lender or broker and does not guarantee and makes no representations of any rates, points, and loan programs offered by affiliates. Lyon Financial does not endorse, warrant or guarantee service or products of any lender or broker and does not guarantee and makes no representations of any rates, points, and loan programs offered by affiliates. I'm glad I did. Yeah, thats within our budget., When your sales team takes advantage of the HFS Check My Rate tool, theyll find easy opportunities to offer upsells to your clients. We did a 20 year fixed loan and they found us a rate at 5.99%. They were in contact when needed making the process quick. An inquiry you submit to HFS Financial is for the purpose of obtaining additional information regarding a potential loan provided by one of HFSs third-party lenders under terms & conditions arranged directly between you and such lender and conditioned upon the completion of all credit documentation. If you dont get your score up before starting a pool, you wont be able to build one. I recommend HFS to everyone I work with., I believe the rapid response back to our homeowners has been huge along with the great rates. Program unsecured rates start at 12.25%-17.99% terms up to 15 years (NO EQUITY REQUIRED) They dont have to worry about waiting for approval before making adjustments in order to complete their dream. To boost your credit score before applying for a pool loan, follow these steps. Lets us help you with your dream of pool ownership. We eliminate the usual lengthy & stressful loan process to quickly and conveniently bring your backyard dreams to life. They have been courteous, knowledgeable and thorough. To answer the question about which credit bureau does Lyon Financial use? Available on approved credit, not all will qualify. BBB Business Profiles may not be reproduced for sales or promotional purposes. Personal loan terms generally range from about two to 12 years though some pool loans can have terms up to 20 years or more. Whatever your home improvement project is, inside or out, HFS Financial offers consumers access to the best personal loan options available based on our suite of custom-developed loan programs, with industry-leading loan terms and low fixed rates. That guy, Ari, just really knows a thing or two about a thing or two. Lyon Financial does not endorse, warrant or guarantee service or products of any lender or broker and does not guarantee and makes no representations of any rates, points, and loan programs offered by affiliates. After documenting that the job is complete and you are satisfied, the final funds are disbursed. HFS will check your credit report and income when you apply for a loan. Customers who get frustrated with other lending processes are often customers who throw in the towel on the project. Unlike many banks and credit unions, our experience is unique to swimming pools, not just any type of loan. Lyon Financial offers financing solutions for swimming pool and home improvement loans nationwide. Our lenders can choose from any of the three Big Three reporting bureaus: Experian, Equifax, and TransUnion, but they must take into account TransUnions expertise. The only complaint I could find was that someone felt like they were being pushed into a higher loan rate than they were comfortable with. Some lenders may offer you financing if you have fair or poor credit, however you may have to pay a lot more over time due to higher interest rates. Great option if you want to preserve your current mortgage rate like us. What Are the Benefits of Offering Financing to Every Customer? Then theyll wait through a lengthy application process to find out if theyre approved before they can sign on your dotted line. We will arbitrate between you and the contractor, should any conflicts or misunderstandings arise. To answer the question about what credit bureau does Lyon Financial use? Additionally, Lyon Financial has a higher customer satisfaction . Highly recommend. Conditions and limitations apply. Heres How to Cope With Financial Stress. Contractor Financing - HFS Financial Lyon Financial is a credit bureau that uses a variety of financial data to help businesses make informed decisions about lending money. It was the smoothest and fastest loan I have done. When customers have trouble finding financing, its easy for them to give up on pursuing a home improvement project. You will get much more visibility by. Thats where our excellent customer service begins. The pool companies typically arent offering the loan to you themselves, but theyve partnered with a lender or network of lenders to provide you with financing options. Specially, Jennifer, she was with me from beginning to end with pointing out the things needed from me. National Contractor Success Manager at HFS Financial Dallas-Fort Worth Metroplex. APR, terms, and loan amounts may differ based on loan purpose and credit profile. Signed contract with Lyon financial in 12/2019 unbeknownst to us or never explained that ********** would own the loan. You can also use bullet points such as: The great thing about working with HFS Financial is that we will keep you in the loop throughout your customers financing process. APR, terms, and loan amounts may differ based on loan purpose and credit profile. Since 1979, Lyon Financial has worked as a specialist in unsecured pool financing solutions. We have heard nothing but great things from our clients in terms of ease of use, the process is simple, and the funds being made very quickly are all things that they love. Once they enter their preliminary information, one of our amazing customer care team members will be in contact with them quickly to let them know their loan options for their project. Financing Your Swimming Pool - Parker's Pools Well guide you through the process. An inquiry you submit to Lyon Financial is for the purpose of obtaining additional information regarding a potential loan provided by a third-party lender under terms & conditions arranged directly between you and such lender, and conditioned upon the completion of all credit documentation. Approved within hours. Hours of outdoor fun and watching your children play. Low, fixed rates, Unsecured Loan Conditions and limitations apply. With HFS Financial, they can start the financing conversation without worry about how checking on financing will impact their credit score. No Stage Funding, Loans Fund 100% Up-Front, Accessory Dwelling Unit (ADU Loans) and Granny Flat Loans. Auto Pool Cover--looking for opinions/options, With over 300,000 members, TFP is the largest and most influential pool & spa website on the Internet. They offer incentives ranging from 20-year loan terms to electronic documents and rapid approval. With a HELOC, you can pull out funds as needed to finance your pool construction and other home improvement projects. The downside is that you could potentially miss out on a better deal by only getting quotes from the pool companys partnered lenders. FICO score of 850 required for 4.99% APR. Open a high-yield savings account to use as a sinking fund and dont make withdrawals from the account until youve reached your savings goal. They did a great job financing my project quickly and answered all of my questions really fast. I'll never come back there and I don't recommend. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. To pay for a pool using a personal loan, you will usually need a credit score of at least 600. You can get loans from $1,000 to over $200,000 to fund simple above-ground pools or elaborate in-ground pool projects. Those with a good credit score and little or no money are ideal candidates for quick start loans. If you want to add a pool to your property, but dont have the cash upfront, you have several options. However, there are some key differences between the two companies. Your Bank or Credit Union. Unlike most home improvement loans, you the consumer get all the money funded directly to you, upfront. Because Lyon Financial is a great financial company that provides excellent rates, particularly for those looking for financing for an in-ground pool, you can expect excellent service. A cash-out refinance might make sense if youre able to get a lower interest rate than your current mortgage. Swimming Pool Financing Options | Trouble Free Pool Unlike personal loans that provide the borrower with the funds upfront, Lyon Financial disburses the funding directly to the pool builder in stages as the project progresses. Lyon Financial recognizes that there may be differences in interest rates based in loan amount, credit history, geographic location, and other factors. Reinvent your bathroom, garage, or outdoor living areas with a fast funding home improvement loan. These loans have a shorter term but can be repaid very quickly. They provide a simple application process and efficient funding to keep our clients moving toward their dream backyard., Ari and team have a been a pleasure to work with. At Lyon Financial, we love the difference we can make for your family by providing something that puts years of memories within reach. We wouldnt be able to provide the high-quality projects we provide for so many of our clients without a partnership with HFS., Working with HFS is awesome! No. All information is subject to change without notice. If you rent out your place on Airbnb or Vrbo, you could fetch top dollar for the additional amenity. 2023 Trustpilot, Inc. All rights reserved. I also enjoy how responsive your company is with me as well., "HFS Financial has been awesome. Financing is offered by third party lenders for pool renovation projects and new pool construction. HFS loan programs do not fund to the contractor, which empowers YOU, the consumer and makes life easier for the contractor when it comes to getting paid. The APR listed is for a signature loan between $50,000 and $200,000 with a term of 360 months, for applicants with excellent and substantial credit (including but not limited to a minimum credit score of 800 and a debt-to-income ratio/DTI of 50% or less). As a company in business since 1979, we have honed the Lyon Financial loan process to perfection. HFS's platform [] Lyon Financial is pleased to offer a wide range of financing options to applicants with a credit score of at least 620. Credit scores must be at least 620 in order to apply; however, there is no credit score requirement. We offer the LONGEST terms in the industry, Lyon Financial imposes NO prepayment penalties. Call us at 877-754-5966 for all the information you want. Thanks guys! When you want to grow your business, talking to your customers more about financing should be at the top of your business plan priorities. Payment example: Monthly Payments for a $200,000 loan at 6.49% APR with a term of 30 years would result in 360 monthly payments of $1,262.82. Look no further than HFS, their team is simply the best!, We love sending our clients to HFS. With HFS, you can rest assured you will be provided with industry leading loan terms and the best customer service experience possible. I would recommend LendKey Financial backed by Xcel Federal Credit Union. Terms, amounts, and APR may differ based on loan purpose and credit profile. They provide great customer service to our clients, they close the loans quickly, and the level of communication with us is outstanding. To see if you qualify, call Lyon Financial at 877.754.5966 or apply online today. Subject to change. Customers love having options when it comes to how they pay for products or services and HFS Financial makes it easy for your business to become a frontrunner in your area. When it comes down to choosing a contractor who offers financing and one who does not, customers love the ease and convenience knowing that everything for their project can be taken care of in one place. Also, with home equity loans youll face additional fees, like a home appraisal cost and closing costs, so be sure to factor that into your decision making. Did you pay that fee? Figure out how much disposable income you have to work with by comparing your monthly earnings to how much you typically spend each month. However, there can be situations where itd make sense. Required fields are marked *. More than just a pool loan, because it's so much more than just a pool. When you refer your clients to HFS, they wont have to worry about coming up with a down payment or any other funds. With HFS Financial, theres no extra paperwork for your business. HFS Financial recognizes that there may be differences in interest rates based on loan amount, credit history, and other factors. Subject to credit approval. Lyon Financial has long enjoyed an outstanding reputation for a couple reasons: we believe in what we are doing, we never forget we are in the business of families, and we have consistently served up the same quality customer service as we have since Day One. There are several ways to go about getting a loan for a pool. For over 39 years, Lyon Financial has provided individuals and families with the financial sources to enjoy the comfort and flexibility of having their own backyard vacation . Payment example: Monthly payments for a $50,000 loan at 6.49% APR with a term of 30 years would result in 360 monthly payments of $315.71. For one, Lyon Financial offers a wider range of loan products than HFS Financial. We refer everyone to HFS now. When youre financing a pool, having a good or excellent credit score will help you secure a loan with a low interest rate. Simply put, you provide the financing service through your partnership with HFS Financial, and we connect your customers with the right loan for their needs. Its not a best practice and its in the worst interest of the client. Here are just a few things you can expect. HFS Financial. By offering contractor financing with HFS Financial, you can increase your visibility, close sales, and get paid faster. Highly recommend! How Do I Set Up the HFS Widget on My Website? For more information visit HFS Financial. Having a pool is a luxury. Your email address will not be published. We understand that an effective process is one that: Through every business technological advance over the years to each swimming pool innovation, we have stood firm on the principle of helping people get what they want. HFS Financial Home Improvement Lending Made Simple, offering 100% No Monday Down Financing from $10,000-$100,000, equity not required. It can be difficult to get approved by Lyon Financial due to the companys strict standards. No stage funding means your customers get the full amount of the loan when its approved which makes it easier for them to pay subcontractors, suppliers, staff and YOU. We particularly enjoy the quick turn-around times for the loans and the excellent communication we receive. Subject to change. As the industry leader in providing swimming pool & home improvement financing options since 1979, we offer personalized, hassle-free financial solutions tailor-made to your individual needs and qualifications. Much thanks for any help. Term of 30 years requires a minimum FICO of 780. What Credit Score Does Lyon Financial Use - tourisme83.com
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