Offering contractor financing is the foundation of your successful business. Swimming Pool Financing: What to Know and Best Pool Loans Private, unsecured loans typically need to be repaid sooner, however some have loan terms of 20 years or more. This ensures that funds are not disbursed in advance of work being completed. Lyon Financial. 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. In the Non-Bank Financial Service category. With the widget web button, CTA copy and automated notifications, you can keep track of your customers financing and provide them with the best home improvement experience possible. Industry Leading Service from your Contractor Success Manager. With over 400,000 satisfied customers nationwide, we know what a pool means to you and your family. Overall, Lyon Financial seems to be a reputable company that offers a good product. To boost your credit score before applying for a pool loan, follow these steps. 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. We couldn't be happier. Offering contractor financing sounds complicated, but its dead easy. Lyon Financial Google Reviews are very positive. Personal loans ranging in size from $20,000 to $25,000 are available from a number of lenders. HFS is incredibly efficient and effective at helping our clients get the money they need to bring their pool dreams to life. Lyon Financial. 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. 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). 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. Available on approved credit, not all will qualify. It was not disclosed directly to me that they add on this fee, it was slipped into the fine print. 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 want to get a pool loan, who should you get it for? Subject to change. APR, terms, and loan amounts may differ based on loan purpose and credit profile. 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. Please don't hesitate to contact us for financing assistance at (904) 223-4050. Here are some of the other reasons homeowners like working with HFS. It is personally reviewed by a member of our loan team. After documenting that the job is complete and you are satisfied, the final funds are disbursed. The process is so simple and straightforward. Why To Choose HFS Financial for Your Swimming Pool Loan 5-star experience! When you have had in-home consultations, discovery meetings, planning consultations and more, your customer throwing in the towel because of frustrating bank funding is the last thing you want. The final step to get your pool project financed is to complete any additional paperwork and sign off on the dotted line. Find out how we combat fake reviews. Unlike most home improvement loans, you the consumer get all the money funded directly to you, upfront. The loan options are based on your income and creditworthiness. Not all will qualify. I really don't want to have to borrow money for a pool, but my wife and I would really like something now instead of next year so I am hoping to have it paid off withing a year. 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. Pool Financing - Ask the Pool Guy Integrating the HFS widget onto your website is easy. This includes products like home equity loans and lines of credit, which can be beneficial for those looking to tap into the equity in their home. Adam sidle and Jamie Cole were beyond amazing. The worlds cultural corporate capitals: where best combines art and business? Our motto is: You Dream It, We Finance It.. That means that customers can find the right loan for their needs and budget. I was looking at HFS too for an unsecured loan. 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. Lyon Financial will never access or sell your credit card information. As a result, your loan may have a higher interest rate. This is very helpful and I will reach out to the few places recommended by everyone. We can extend for additional time as needed to complete the pool project, as long as no major changes to credit have been made. 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. I don't like the idea of my credit being inquired 6-8 times, I would rather deal with one lender that I feel comfortable dealing with. Not all will qualify. Click the tabs to the right to learn more about each financing option. Advertised terms are subject to change without notice. Advertised rates and terms are subject to change without notice. That means your monthly payments can increase during your repayment period. But most of all, it means making memories that will last a lifetime. 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. The process was painless and fast. Terms up to 20 years Since 1979, Lyon Financial has worked as a specialist in unsecured pool financing solutions. Some pool companies may directly provide you with pool financing offers, so you dont have to search for financing on your own. This experience was amazing. It is common for borrowers with low credit scores to have lower interest rates, though this is not always the case. 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. This also ensures that you are not left holding the bag for any financial losses as a result of bank funding delays or denials. I got mine through Lightstream. When you provide contractor financing options, customers can be confident that their financing process is easy and straightforward. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Richard and Joe were fantastic. To answer the question about which credit bureau does Lyon Financial use? 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. Highly recommend!, What impresses me the most about HFS is how quick and easy the process is for both the customer AND salesperson. Custom Pools - Financing Providers We are proud to offer our unique financing program to those who have served or are currently serving our country. 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. When you want to grow your business, talking to your customers more about financing should be at the top of your business plan priorities. How Do I Talk to My Clients About Home Improvement Financing? 6.99% (good credit) and 4% lender processing cost rolled into loan. 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. If you need decades to pay back the loan, you might consider refinancing your mortgage or taking out a second mortgage. Thanks, HFS!, HFS has provided loans for customers in a prompt timely manner for us. HFS Financial recognizes that there may be differences in interest rates based on loan amount, credit history, and other factors. Exact interest rate determined by credit profile. BBB Business Profiles are subject to change at any time. Lyon Financial also offers a lower interest rate for loans that are used for tuition and fees, while Lightstream does not. To set up your HFS widget, you first need to download it directly from our website. Program unsecured rates start at 12.25%-17.99% terms up to 15 years (NO EQUITY REQUIRED) The cost of all of the materials and labor required to construct a pool can range from $20,000 to $100,000. NO STAGE FUNDING HFS Financial Reviews | Read Customer Service Reviews of hfsfinancial.net | Do Not Sell My Personal Information The high cost to install a pool means that many people rely on pool financing. Excellent experience and would 100% recommend to family and friends for their next home improvement project. HFS makes the application process easy with a user-friendly website and document upload process. Loans powered by HFS are personal loans, which means no equity = no problem. I have since used them directly for car loans etc great bank. There are no hoops to jump through, no home equity needed, no down payment, and no need to pay for a home appraisal. 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. Call 877-754-5966 today! Lyon Financial recognizes that there may be differences in interest rates based in loan amount, credit history, geographic location, and other factors. JavaScript is disabled. We are a registered 501(c)3 non-profit that is funded by user donations. With a personal, no stage funding loan, project delays are a thing of the past. Within a week, we had the loan. Otherwise, people seemed happy with the experience. Personal loan terms generally range from about two to 12 years though some pool loans can have terms up to 20 years or more. HFS Financial Home Improvement Lending Made Simple, offering 100% No Monday Down Financing from $10,000-$100,000, equity not required. With HFS Financial, they can start the financing conversation without worry about how checking on financing will impact their credit score. Did you pay that fee? 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. 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. I had the loan open a month, and this fee was added on top of interest. In less time than any other home improvement loan process, well have you connected with the project financing you need. Thats crazy! HFS will check your credit report and income when you apply for a loan. By working with HFS Financial, you offer a streamlined lending process to your customers, with clear expectations and an easy-to-understand process that will leave your customers feeling satisfied and secure. Financing through HFS Financial provides customers with the flexibility to make changes or additions with their contractor during their project. Here at HFS, we dont only exist to help homeowners find financing to bring their dreams to life. Viking Capital is a family-owned business that has been in operation since 1999. Advertised rates and terms are subject to change without notice. I couldnt have done it any better. Plus, they will have the industry-leading customer support team from HFS Financial on their side whenever they need us. After you figure out what options are available within your budget, its time to decide on what type of financing you prefer. With HFS Financial, there are no hidden costs. Specially, Jennifer, she was with me from beginning to end with pointing out the things needed from me. You can easily incorporate contractor financing into your sales process without any hassle or additional work on your end. We want to help you have the staycation of a lifetime, by getting a swimming pool in your own backyard! Ideally, we like to see a DTI of 50 percent or less (including the loan amount being requested). So, what are the benefits of offering financing to each and every customer? 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. Swimming Pool Financing & Pool Loans | Lyon Financial After the conditional approval, income verification documents need to be submitted. Texas Blue Lake Pools works with HFS Financial and Lyon Financial to offer you pool financing options to finance your backyard dream. Subject to credit approval. Exact interest rate determined by credit profile. Viking Capital. Are you struggling to decide whether or not an accessory dwelling unit is right for you? Local Contact, Brighton, MI: Terry Tipton 810-494-4888, terry_e_tipton@keybank.com. Such an easy process!!! Verification can help ensure real people write reviews about real companies. We hope you enjoy your backyard paradise because we want to give you the opportunity to earn a living. 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. The 5 Best Instant Approval Credit Cards of May 2023. #Available on approved credit, not all will qualify. 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. HFS application process was user friendly. Which for 12 years is still lower than any others I can find. Thank you so much. Funds are typically dispersed within 48 hours. If approved for an unsecured personal loan, you can usually receive funds within a couple of days, much quicker than some other financing options. There are a few key differences between Lyon Financial and HFS Financial. We believe the best family vacations are the ones spent in your own backyard. At Lyon Financial, we don't just build pools. Outstanding customer service and even better terms for our customers, My experience with HFS has been amazing! Those with a good credit score and little or no money are ideal candidates for quick start loans. The technical storage or access that is used exclusively for statistical purposes. Your Bank or Credit Union. I had a two Home Improvement loans with HFS and they are the BEST. We eliminate the usual lengthy & stressful loan process to quickly and conveniently bring your backyard dreams to life. HFS Financial. Lyon Financial is a credit bureau that uses a variety of financial data to help businesses make informed decisions about lending money. National Contractor Success Manager at HFS Financial Dallas-Fort Worth Metroplex. Some other things that make us stand out: This is probably our most frequently asked question. 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. As a matter of policy, BBB does not endorse any product, service or business. (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. Unfortunately, many other companies take a customers information and scattershot the request to all their lenders. (These include previous years tax returns specifically Schedule C & E for those self-employed; a W-2 and recent pay stubs for wage earners). When a customer is curious about how much they can qualify for, theres no reason for them to take a hit to their credit. Does contractor financing impact my credit score? 15 Year Term Thats how much PoolCorp has helped finance in less than 10 months with our LightStream Unsecured Consumer Financing Program. If you have a credit score of 600 or higher, you are more likely to qualify for a pool loan. By discussing contractor financing options with each and every client, you can give your customers the peace of mind and confidence they need to hire you and get their amazing project started. 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. To pay for a pool using a personal loan, you will usually need a credit score of at least 600. Help them secure financing, build a great rapport with your clients, and close those sales to boost your business. We offer the LONGEST terms in the industry, Lyon Financial imposes NO prepayment penalties. The information you provide to HFS Financial is not an application for a loan from HFS Financial. HFS has thousands of 5 Star Customer and Contractor Reviews. By discussing these topics with your clients, you can ensure that they understand all aspects of contractor financing. Financing Your Pool Project. This is another area where the focus on customer service makes all the difference at Lyon Financial. Lyon Financial is located at 118 Morlake Drive Suite 202, Mooresville, NC 28117. The individuals exact interest rate is determined by their credit profile and the loan purpose, amount, and term. That lender in turn runs their own check. You can then use that lump sum to pay for your pool, and youll pay it back throughout the course of your new mortgage over the next 10 to 30 years depending on your loan terms. It can be difficult to get approved by Lyon Financial due to the companys strict standards. Some pool builders or retailers offer in-house loan programs through their partner lenders. Lyon Financial: Using Financial Data To Make Informed Lending Decisions Our aversion to this approach is just one of the things we do to act in the consumers best interest. Required fields are marked *. When youre financing a pool, having a good or excellent credit score will help you secure a loan with a low interest rate. We also look for any recent negative marks, such as bankruptcies or tax liens. With HFS Financial you can bundle nearly all of your home remodeling projects together in one easy-to-pay financing option. We also ensure all reviews are published without moderation. Highly recommend. Dont forget that we also specialize in helping our clients secure home improvement loans too! Our mission is also to help contractors get paid easier, reach more customers by offering financing, and build their businesses. Adam and Jonathan were easy to work with, professional, and courteous. All customers have to do is make their payments as scheduled and enjoy their new home improvement. You may be able to find rates even lower if you have excellent credit. Tourisme83 is both a tourist guide of the Var, but also a directory. For one, Lyon Financial offers a wider range of loan products than HFS Financial. A score of at least 680 is frequently required to obtain a home equity loan or home equity line of credit (HELOX). They are both similar in that they offer competitive rates and terms, and they both have a wide variety of repayment options. For one, Lyon Financial offers a wider range of loan products than HFS Financial. HFS was super response to our initial request. Customer Reviews are not used in the calculation of BBB Rating, BBB Tip: What to consider when researching personal loans, Need to file a complaint? With direct-to-consumer financing through HFS, customers have complete control of their money. If you have a significant amount of equity, you could finance your pool project this way. From application to funding the process was very easy with no unnecessary time wasting in between. Conditions and limitations apply. Additionally, Lyon Financial has a higher customer satisfaction . Treasure Pools has partnered with HFS Financial and Lyon Financial to offer superior financing options. Before each stages payment is released, we ask that you complete a brief electronic form to verify that the scope of work for that stage has been completed. Financing with HFS Financial | Tim White Home Remodeling Financing is offered by third party lenders for pool renovation projects and new pool construction. Dear Penny: How Do I Get My Ex-Husbands $10K of Past-Due Alimony? What credit score do you need for pool financing? Tired of the approval process and waiting on the bank to release a trickle of funds while you front all of the money for your customers projects? 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! Contractor Financing - HFS Financial 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. What they really need to know is, How much is the monthly payment, and does it fit into my budget?. Get Paid on Your Draw Schedule, not the Lender's. Get Automated Updates on All Your Customers. Since most homeowners rely on financing to complete their home improvement project, simply talking to them about the overall price isnt enough. Nicole Dow is a senior writer at The Penny Hoarder. The lowest interest rates are reserved for those with excellent and substantial credit. We look at overall credit health, including your debt-to-income (DTI) ratio. We are going to use Randolph Brooks Federal Credit Union. Easy to apply. Conditions and limitations apply. Many, if not most, of your competitors will not offer financing so just the fact that you do gives you a huge competitive edge. As a nationwide provider of swimming pool and home improvement loans, were able to access a wide array of financial programs. | Cookies Settings. Adam Sidle and Jonathan Kahl made the journey simple and effortless. For Contractors. 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. By discussing financing with every client, your sales grow while your clients get the features theyre dreaming about! 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. 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's platform loans are . 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. Well definitely recommend them to our friends and will do business with them in the future! There are several ways to go about getting a loan for a pool. 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. Whether you send them a link or walk them through the process in your own office, they will quickly see just how convenient and hassle-free contractor financing can be. Subject to change. The teams are VERY proactive throughout the entire process to ensure we were on track with our project. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. Prompt response to any questions we had and navigated the finance to contractor relationship with ease. However, if you have good credit and meet all of the requirements, you should have no problem getting approved. HFS Financial doesnt have any prepayment penalties on the loans we pair your clients with, making it easy for customers to pay off their loan early and save money in the long run. Thank you so much for the kind words and for taking the time to leave a review for us. We will be happy to help you. These loans have a shorter term but can be repaid very quickly. The Birdeye app powers this profile. The information you provide to Lyon Financial is not an application for a loan from Lyon Financial. They did a great job financing my project quickly and answered all of my questions really fast. Lyon Financial uses the Citizens Bank, which is located in Boston, Massachusetts. We recommend putting a short call-to-action (CTA) next to the HFS widget on your website. No Stage Funding, Loans Fund 100% Up-Front, Accessory Dwelling Unit (ADU Loans) and Granny Flat Loans. When you send your customers to HFS Financial for financing, you can be sure theyre in safe hands. BBB Business Profiles may not be reproduced for sales or promotional purposes. Will I have any hidden costs associated with my loan? And when that swimming pool is in your backyard, its even better. If youve built up a ton of equity in your home and want to spread your debt payments over a lot of time, you might lean toward a home equity loan or HELOC. You could teach your kids to swim right at home. *Available on approved credit, not all will qualify. Pool construction typically costs anywhere from $17,971 to $46,481 with the average cost being around $32,059, according to HomeAdvisor. Upon final approval, a copy of the signed contract between the builder and customer is provided. It is always a good idea to speak with your lender to obtain the best interest rate and terms for your specific situation. If you have great credit you can get 6.5% interest on 50K for 10-15 Years and that drops to 6.25% if you do automatic payments. Thats where our excellent customer service begins. Financing with HFS Financial is easy and convenient for customers, which means your customers will come back to you time and again. 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 recommend HFS to everyone I work with., I believe the rapid response back to our homeowners has been huge along with the great rates. HFS Financial is not a lender. The technical storage or access that is used exclusively for anonymous statistical purposes.