Some affiliates of Lyon Financial may offer a rate discount via AutoPay. As a nationwide provider of swimming pool and home improvement loans, were able to access a wide array of financial programs. What kind of rate and term can I get for my home improvement project? BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met. An inquiry is not an application. Thats right no stage funding. Great option if you want to preserve your current mortgage rate like us. The information you provide to Lyon Financial is not an application for a loan from Lyon Financial. You could bring your friends together over the summer by hosting pool parties. The most common methods are home equity loans and refinancing your home through a bank in your area. We handle all of the paperwork and process each application quickly and securely. As a matter of policy, BBB does not endorse any product, service or business. The lowest interest rates are reserved for those with excellent and substantial credit. Can I Offer Contractor Financing for ADUs? It was the cheapest loan And interest we could find. HFS communicates directly with the customer and in a timely manner. Here are a few key features of the LightStream program: Apply at www.SwimmingPool.com/LightStream, Your email address will not be published. Replies to negative reviews in < 24 hours. The process was easy and seamless. Was searching for a good company to finance a pool project. Advertised rates and terms are subject to change without notice. The lender can securely transfer the loan funds right to their bank account so they can start their project as soon as possible. This includes loans for people with bad credit and loans for people who are self-employed. Which for 12 years is still lower than any others I can find. | Do Not Sell My Personal Information Carrie Decker and Adam Sidle kept me update to date through the entire process. We used to use Lyon Financial, but HFS is far easier to deal with and we love that we are in control of our payment schedule. By using the HFS Financial widget on your website, its easier than ever for customers to access financing for their home improvement projects. There are a few key differences between Lyon Financial and HFS Financial. Unlike other types of loans, the payback period on this type of loan typically lasts two to ten years, and monthly payments are lower. Pool financing is when you borrow money from a financial institution or lender to cover the costs of building a pool. Its a great way to build customer loyalty. Because of their high interest rates, credit cards are usually not recommended as options for financing a new swimming pool. HFS's platform loans are . HFS has three types of loans available. The downside is that you could potentially miss out on a better deal by only getting quotes from the pool companys partnered lenders. They were in contact when needed making the process quick. Thats right, no car loans, no mortgages, no student loans. A home equity line of credit or HELOC also taps into the equity you have in your home, but its a revolving line of credit that you can use for several years instead of a loan that provides you with one lump sum of cash. For a better experience, please enable JavaScript in your browser before proceeding. Because their home improvement loan funds upfront, your customers can quickly and easily access the funds they need and you get paid quickly on your terms. I dont remember the loan type but I know we did not have any closing costs. Heres what a few top lenders are currently offering. We eliminate the usual lengthy & stressful loan process to quickly and conveniently bring your backyard dreams to life. They dont have to worry about waiting for approval before making adjustments in order to complete their dream. Thats crazy! We are your one-stop-shop for any kind of home improvement loan: swimming pools, metal roofs, hardwood flooring, kitchen and bath remodels, basement finishing, outdoor kitchens, and more. Instead of only learning the overall project price, they can focus on the monthly price and make quicker decisions. International Association of Better Business Bureaus. Highly recommend. We remain involved to ensure that progress on your backyard entertainment center is continuing and that your contractor is receiving the appropriate payments in the appropriate increments. 2023 The Penny Hoarder. Lyon Financial has specialized in swimming pool financing since 1979, making them leaders in their field. We can extend for additional time as needed to complete the pool project, as long as no major changes to credit have been made. It can be difficult to get approved by Lyon Financial due to the companys strict standards. Or if youre okay with not having a pool in your backyard, youll save money by visiting public pools or renting private pools from Swimply on occasion. After documenting that the job is complete and you are satisfied, the final funds are disbursed. APR, terms, and loan amounts may differ based on loan purpose and credit profile. The technical storage or access that is used exclusively for anonymous statistical purposes. Advertised rates and terms are subject to change without notice. Our Contractor Resource Center has your widget ready for download. Well definitely recommend them to our friends and will do business with them in the future! Adam Sidle was very nice and answered every question fast. Why should I get home improvement financing? HFS prides itself on being one of the only options that ensure the full funds are disbursed directly to the consumer so that YOU control the money and not the contractor. You could teach your kids to swim right at home. Your email address will not be published. The information you provide to HFS Financial is not an application for a loan from HFS Financial. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. Does contractor financing impact my credit score? People with poor credit may require a larger loan if they need it. Get estimates from multiple pool companies so you have a better idea of what options exist. A cash-out refinance might make sense if youre able to get a lower interest rate than your current mortgage. Everything is detailed for your customer upfront. Some pool builders or retailers offer in-house loan programs through their partner lenders. All information is subject to change without notice. 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. Customers can get approved funds fast, so they can start their project on time. Most people who have used this company report satisfaction with the process and the loan itself. Expect to provide information about your income and other existing debt. When you send your customers to HFS Financial for financing, you can be sure theyre in safe hands. Swimming pool and home improvement financing! 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. The 5 Best Instant Approval Credit Cards of May 2023. They can apply for a loan for up to 120% of their full home improvement vision and pay for it over time with convenient options. 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). Pool construction typically costs anywhere from $17,971 to $46,481 with the average cost being around $32,059, according to HomeAdvisor. We will be happy to help you. We couldn't be happier. To answer the question about which credit bureau does Lyon Financial use? We look at overall credit health, including your debt-to-income (DTI) ratio. I had the loan open a month, and this fee was added on top of interest. Before you dig into your pool financing options, you should be clear on what monthly payment you can afford. The process is so simple and straightforward. Once the process is started, it is a very quick turn around and the customer has the money directly in their account ready for the pool build to begin.. You might also consider using a credit card as your method of financing. I would definitely recommend HFS to anyone needing a home improvement loan. Once you know what type of financing youll go with, reach out to multiple lenders so you can compare offers and choose the best deal. Can I Offer Contractor Financing for ADUs? Richard and Joe were fantastic. Thanks team! If you need decades to pay back the loan, you might consider refinancing your mortgage or taking out a second mortgage. Loan Example: A loan for $60,000 with a fixed rate of 6.99% and an APR of 7.37% for a term of 20 years would result in 240 payments of $478.76, assuming the applicant(s) do not pay off the loan early. 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. He was a great communicator & the loan process was super smooth. 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. HFS Financial. But never were we told that there would be a lien against our home, not allowing us to refinance the house. Swimming pool cooling can help you escape Georgia heat, exercise, spend time with the family, and even increase the value of your home. Loans powered by HFS are personal loans, which means no equity = no problem. Here are some of the other reasons homeowners like working with HFS. Lazy afternoons, endless evenings, and the freedom to relax with friends and family. Specially, Jennifer, she was with me from beginning to end with pointing out the things needed from me. Since most homeowners rely on financing to complete their home improvement project, simply talking to them about the overall price isnt enough. How many years can you refinance a pool for? I worked with Jason Sidle for my loan. Thanks you both for an amazing experience. 850 FICO required, Unsecured Loan All customers have to do is make their payments as scheduled and enjoy their new home improvement. We are going to use Randolph Brooks Federal Credit Union. Terms up to 20 years I would recommend LendKey Financial backed by Xcel Federal Credit Union. Some pool companies may directly provide you with pool financing offers, so you dont have to search for financing on your own. What is a good interest rate for a pool loan? There may be different income requirements for different lenders. We greatly appreciate the opportunity to earn your business! Quick to respond to my clients, personalized and hassle free service. Very understandable and easy, seamless application process. Train your sales team to talk to every client about financing and to direct them to the HFS Check My Rate tool, where they can get an estimate of their loan payment in real time. ", HFS is a great company to work with. They are constantly sending updates along the way so we know the status of the loan and having our customers fully funded before the project begins makes the process much smoother. 4.99% APR for a 15-Year Swimming Pool Loan*, Available on approved credit, 850 FICO required, Unsecured Loan Explore The Best Of Both Worlds A 25-Mile Journey To Stockbridge Michigan. As an HFS Financial contractor partner, you have a wealth of benefits available to connect you with customers, to build your business, and to provide training and sales techniques to help you and your staff seal the deal. This downloaded widget can then be used on your website; however, you need to connect it with your personal HFS account first. Cant believe how fast was to get approved and the loan amount is already on our bank account in less that 2 weeks since the day we applied. Its estimated that about 75% of customers need a loan to achieve their home improvement dreams. It only takes 60 seconds, and your credit will NOT be pulled. Your APR and monthly payment may differ based on loan purpose, amount, term, and your credit profile. If your house didnt already come with a pool when you moved in, theres still a possibility of turning your pool fantasies into reality if you have enough space. Each program pays in at least three stages, from excavation to project completion (as defined in the contract). Feel free to explain how their credit score wont be affected by inquiring about financing. Conditions and limitations apply. Low-Fixed Rates Your Bank or Credit Union. With your handy web widget from HFS Financial, youll be the one-stop shop for your customers. We also look for any recent negative marks, such as bankruptcies or tax liens. So, what are the benefits of offering financing to each and every customer? If you default on your loan, the lender could foreclose on your home. Thanks again. A minimum credit score of, No restrictions on what funds can be used for to complete the consumers backyard experience (above-ground, in-ground, repairs, refurbishments, pool equipment, outdoor kitchens, patio furniture, irrigation, landscaping, etc. Taking on debt for a new pool doesnt have to be your only option. People seem to really like the company and appreciate the service they provide. By offering financing through HFS, you speed up the process and put the power in your customers hands to find out their loan terms quickly. I have used HFS twice for home improvement loans and so far they have met my expectations. Lyon Financial Google Reviews are very positive. Then they can pay you directly with no delay. That means your monthly payments can increase during your repayment period. That means that customers can find the right loan for their needs and budget. Here are a few of the top questions your clients may raise. 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. HFS Financial is a financing company that partners with third-party lenders to provide homeowners with the money to construct pools on their property. With HFS Financial, your clients dont have to jump through hoops to find their loan and can get started on their project more quickly. Signed contract with Lyon financial in 12/2019 unbeknownst to us or never explained that ********** would own the loan. If the client has said they would like to keep their monthly loan payments under a certain amount, and the Check My Rate tool estimates their payment is under that, thats the perfect chance for your salesperson to say, Looks like you can afford to add that kitchen island (marble counter, oak flooring, built-in spa, pool houseyou name the upgrade!) What credit score do you need for pool financing? Non-Bank Financial Service HFS Financial HFS Financial Reviews 1,142 Excellent 4.8 VERIFIED COMPANY hfsfinancial.net Visit this website : BS Brandon Smith 1 review US A day ago Great Experience! (These include previous years tax returns specifically Schedule C & E for those self-employed; a W-2 and recent pay stubs for wage earners). The technical storage or access that is used exclusively for anonymous statistical purposes. Plus, as an HFS Contractor, that process starts from your website, which is convenient and puts your client at ease. 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. Getting a home improvement loan or swimming pool financing doesnt have to be a complicated, time-consuming process. Exact interest rate determined by credit profile. Available on approved credit, not all will qualify. I got approved by Lyon Financial over a year ago, but I'm pretty sure that they only ran my credit one time (because I got just one alert sent to me-I have a protection on my credit report). What are the advantages and disadvantages of pool loans? We hope you enjoy your backyard paradise because we want to give you the opportunity to earn a living. Amounts from $50,000 to $200,000 document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Does NOT affect your credit, Why let the lender fund the contractor directly and have no control? 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. How BBB Processes Complaints and Reviews. Lyon Financial. If youve got excellent credit and would qualify for a low-interest personal loan (unsecured loan), that might be the better option. To boost your credit score before applying for a pool loan, follow these steps. Adam Sidle and Krystie McMahon were an awesome team and great from start to finish. This also ensures that you are not left holding the bag for any financial losses as a result of bank funding delays or denials. You will get much more visibility by. Financing through HFS Financial provides customers with the flexibility to make changes or additions with their contractor during their project. *Available on approved credit, not all will qualify. If my customers use the widget, how do I know if my customer is approved for their loan? We got a loan from a local bank for 5.5%. 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. It may not display this or other websites correctly. I got mine through Lightstream. I stumbled on this company thru a Google search. Follow these steps to secure a loan for your pool. I will recommend HFS Financial and Adam and Jamie team anytime. 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. There are a few key differences between Lyon Financial and HFS Financial. 6.99% (good credit) and 4% lender processing cost rolled into loan. Find out how we combat fake reviews. Thousands of 5-Star Reviews. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. HFS Financial Home Improvement Lending Made Simple, offering 100% No Monday Down Financing from $10,000-$100,000, equity not required. They have been courteous, knowledgeable and thorough. Here at National Pools & Spas, we want to ensure that paying for your outdoor water feature is a comfortable experience. A credit score of 600 or higher is generally required to use a personal loan to cover pool fees. Lyon Financial - Swimming Pool Financing Specialists Since 1979 ", Thanks to you and the HFS team for your quick turnaround in letting us and our future clients know if they qualify. At 118 Morlake Dr Suite 202, Lyon Financial Reviews has offices in Mooresville, NC. No Stage Funding, Loans Fund 100% Up-Front, Accessory Dwelling Unit (ADU Loans) and Granny Flat Loans. When you complete our fast and easy inquiry, the information you provide HFS is securely transmitted to our in-house team of highly specialized financial loan consultants. Some affiliates of Lyon Financial may offer a rate discount via AutoPay. Every time we had a question Jamie response was immediately. Absolutely not! Then theyll wait through a lengthy application process to find out if theyre approved before they can sign on your dotted line. Are you going to purchase a small above-ground pool that you could pay off in 15 months using a zero-interest credit card? More than just a pool loan, because it's so much more than just a pool. To answer the question about what credit bureau does Lyon Financial use? No Stage Funding, Loans Fund 100% Up-Front. If you dont talk to your customers about financing, the process of getting funded and signing a contract is more difficult and takes more time. When customers have trouble finding financing, its easy for them to give up on pursuing a home improvement project. They did a great job on approving us without any issues. As we head into another busy season, if you are not on board yet, then now is the time to take advantage of this successful program. Payment example: Monthly payments for a $50,000 loan at 6.99% APR with a term of 20 years would result in 240 monthly payments of $387.35. 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. You may be able to get a pool loan through the financial institution where you already have existing accounts, or you might choose to get financed from an online lender or financing consultant company that deals exclusively with pool loans and home improvement loans. Did mine through HFS Financial..unsecure loan at around 7% APR took a total of like 3 weeks. Application process was easy and decisions arrived on-time. Make sure they know that with HFS Financial theres no need to worry about checking on financing. We offer competitive rates and terms, and our experienced staff is here to help you every step of the way. Our mission is also to help contractors get paid easier, reach more customers by offering financing, and build their businesses. They are both similar in that they offer competitive rates and terms, and they both have a wide variety of repayment options. Lyon Financial is a leading provider of military loans and financing options. To pay for a pool using a personal loan, you will usually need a credit score of at least 600. 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. You wont be required to submit a credit check because these loans are pre-approved and have a lower interest rate. For Customers. If you choose this financing option, be sure that youll be able to pay off the balance in a relatively short period of time. 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. Outstanding customer service and even better terms for our customers, My experience with HFS has been amazing! Maximum loan amount of $75,000. Exact interest rate determined by credit profile. You may be able to use a competitors lower offer to get a lender to reduce their offer even further. 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 STAGE FUNDING A score of at least 680 is frequently required for home equity loans and home equity lines of credit. With HFS Financials experience and unmatched customer service, your customers dont have to worry about a complicated application process or wait for weeks for a response from the bank. Tourisme83 is both a tourist guide of the Var, but also a directory. Well guide you through the process. 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. You could get a personal loan (sometimes referred to as a pool loan), a home equity loan, a home equity line of credit or a cash-out refinance. 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 Unlike many banks and credit unions, our experience is unique to swimming pools, not just any type of loan. Home equity loans are essentially when you tap into the equity you have in your home and take out a second mortgage. You dont have to worry about whether or not a customer will be eligible or if the bank will approve their loan. Additionally, Lyon Financial has a higher customer satisfaction rating than HFS Financial. I had the loan done in a week. A cash-out refinance is essentially when you replace your existing mortgage with a new mortgage that exceeds what you owe on the house and you take out the difference in cash. 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. Subject to credit approval. People who write reviews have ownership to edit or delete them at any time, and theyll be displayed as long as an account is active. Because you dont have any collateral backing the loan, however, these financing options can come with higher interest rates. How Do I Talk to My Clients About Home Improvement Financing? 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. Here at HFS, we dont only exist to help homeowners find financing to bring their dreams to life. If you think youre outgrowing your current home or are looking to downsize wait until youre ready to move and then look for a new home with an existing pool.
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