Couldnt recommend the two of them any more! The most common methods are home equity loans and refinancing your home through a bank in your area. Your approval is good for 119 days, during which time the pool must be completed. HFS will check your credit report and income when you apply for a loan. Exact interest rate determined by credit profile. We are clear and upfront about every aspect of your loan. The information you provide to Lyon Financial is not an application for a loan from Lyon Financial. The individuals exact interest rate is determined by their credit profile and the loan purpose, amount, and term. However, with HFS Financial, that worry is gone as soon as they visit your website or meet with you in person. 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. A score of at least 680 is frequently required to obtain a home equity loan or home equity line of credit (HELOX). With your handy web widget from HFS Financial, youll be the one-stop shop for your customers. Some affiliates of Lyon Financial may offer a rate discount via AutoPay. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Our motto is: You Dream It, We Finance It.. This experience was amazing. Adam Sidle and Krystie McMahon were an awesome team and great from start to finish. 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. I've found that their rates are as good as anything on the market and they have a sense of urgency when responding to their clients. Personal loan terms generally range from about two to 12 years though some pool loans can have terms up to 20 years or more. At Lyon Financial, we love the difference we can make for your family by providing something that puts years of memories within reach. More than just a pool loan, because it's so much more than just a pool. Are you going to purchase a small above-ground pool that you could pay off in 15 months using a zero-interest credit card? We had a great experience with HFS Financial, Adam and Jennifer made the process fast and easy. Many customers opt to wait before taking the plunge. Salt Generating System Pentair intelliChlor, Tru-Tile by Latham Industries in Vinyl and Hybrid Pools, Weekly Cleaning Weekly Service Weekly Cleaning Service, AMS Financial Swimming Pool Loan Solutions. They also have a great rate on home improvement loans which this will fall under. Besides the personal enjoyment that comes along with having a pool, this addition to your home could boost your property value and make your home more desirable to future buyers, renters or short-term guests. Unsecured Swimming Pool Loans - Nationwide Pool Financing - Lyon Financial 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). We want to help you have the staycation of a lifetime, by getting a swimming pool in your own backyard! | Do Not Sell My Personal Information When customers have trouble finding financing, its easy for them to give up on pursuing a home improvement project. Youll close more (and sometimes larger) sales, see contracts signed faster, increase your cash flow, and grow your bottom line. Before you dig into your pool financing options, you should be clear on what monthly payment you can afford. Lyon Financial. Anyone can write a Trustpilot review. 2023, International Association of Better Business Bureaus, Inc., separately incorporated Better Business Bureau organizations in the US, Canada and Mexico and BBB Institute for Marketplace Trust, Inc. All rights reserved. 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. By using this data, businesses can make more informed decisions . Pool loans can also be found from companies that specialize in them. 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. No. 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. Advertised rates and terms are subject to change without notice. Loans up to $500,000 HFS has thousands of 5 Star Customer and Contractor Reviews. APR, terms, and loan amounts may differ based on loan purpose and credit profile. 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 . What credit bureau does Lyon Financial use? 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. Thats crazy! Mahabaleshwar: A Hill Station for all Seasons, Lyon And Healy: A History Of The Popular Banjo Manufacturer, The Pope: A Controversial Figure With A Long History. Lyon Financial - A Trusted Financial Services Company 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.. Swimming Pool Financing & Pool Loans | Lyon Financial 850 FICO required Nationwide terms up to Unsecured Loan Amounts from Rates start at 6.49% LOAN CALCULATOR EXAMPLES Option A: Total Amount: $75,000 Down Payment: $0 Interest Rate: 4.49%* Amortization Period: 20 Years Monthly Payment*: $474.08 Option B: Total Amount: $100,000 Pool construction typically costs anywhere from $17,971 to $46,481 with the average cost being around $32,059, according to HomeAdvisor. What is a good interest rate for a pool loan? Financing | Allison Landscpe & Pool Company Rethink your kitchen storage space with financing for a kitchen remodel. 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. So, what are the benefits of offering financing to each and every customer? Financing with HFS Financial is easy and convenient for customers, which means your customers will come back to you time and again. Your customers will know upfront how much they are approved for, the scope of the project they can afford, and the way the funds will be received. A conditional approval is available within 24 48 business hours. Viking Capital. This data includes information on creditworthiness, employment history, and other financial factors. Advertisement. I called Lyon Financial today, the lady I spoke to said that they shop your credit score with 6-8 companies to get you the best loan option out there. Exact interest rate determined by credit profile. Here are some ways that offering financing can help your business grow. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. Thousands of 5-Star Reviews. Theres almost no limit to what customers can finance through contractor financing for their residence. If you default on your loan, the lender could foreclose on your home. Most people who have used this company report satisfaction with the process and the loan itself. 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. We will arbitrate between you and the contractor, should any conflicts or misunderstandings arise. 4.99% APR for a 15-Year Swimming Pool Loan*, Available on approved credit, 850 FICO required, Unsecured Loan Once approved, loans can typically fund in 24 hours with little-to-no documentation required from the consumer. ", Thanks to you and the HFS team for your quick turnaround in letting us and our future clients know if they qualify. As a result, your loan may have a higher interest rate. Youll only need additional staff when your business starts to grow in other areas because contractor funding has earned your additional customers and projects. Financing - Texas Blue Lake Pools Plus, they will have the industry-leading customer support team from HFS Financial on their side whenever they need us. We really appreciate it. Pool Financing Options - HFS Financial and Lyon Financial Lyon Financial Google Reviews are very positive. 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. Benefits of working with HFS. Please consider. 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. This includes loans for people with bad credit and loans for people who are self-employed.