Conditions and limitations apply. 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. For more information visit HFS Financial. We recommend putting a short call-to-action (CTA) next to the HFS widget on your website. Explore The Best Of Both Worlds A 25-Mile Journey To Stockbridge Michigan. They also have a great rate on home improvement loans which this will fall under. Expect to provide information about your income and other existing debt. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. How BBB Processes Complaints and Reviews. Swimming pool and home improvement financing! Loans for non-pool/standalone home improvement projects may incur different rates and terms based on loan purpose. Carrollton Pool Financing | Douglasville Pool Builder 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. 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. HFS Financial. International Association of Better Business Bureaus. 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. With your handy web widget from HFS Financial, youll be the one-stop shop for your customers. Financing Your Swimming Pool - Parker's Pools All information is subject to change without notice. Loans 100% Up-Front Conditions and limitations apply. I got mine through Lightstream. BBB Business Profiles are subject to change at any time. Here are some ways that offering financing can help your business grow. We particularly enjoy the quick turn-around times for the loans and the excellent communication we receive. They provide great customer service to our clients, they close the loans quickly, and the level of communication with us is outstanding. You can finance a pool over 20 to 30 years, depending on the type of financing you secure. Many customers opt to wait before taking the plunge. 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. Do I need equity, money down, or a home appraisal? When they get funded through HFS Financial, each customer is essentially a cash buyer. You can get loans from $1,000 to over $200,000 to fund simple above-ground pools or elaborate in-ground pool projects. With direct-to-consumer financing through HFS, customers have complete control of their money. Rates start at 6.49%. I worked with Jason Sidle for my loan. What are the advantages and disadvantages of pool loans? How Do I Talk to My Clients About Home Improvement Financing? Please consider. 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. $75,000 maximum loan amount ", HFS is a great company to work with. With HFS Financial, your clients dont have to jump through hoops to find their loan and can get started on their project more quickly. Exact interest rate determined by credit profile. No problem! The company is a member of the Better Business Bureau and has an A+ rating with the organization. Thats lightning fast compared to traditional bank loans. You dont have to worry about whether or not a customer will be eligible or if the bank will approve their loan. From application to funding the process was very easy with no unnecessary time wasting in between. Get estimates from multiple pool companies so you have a better idea of what options exist. Required fields are marked *. 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! Lightstream requires a cosigner for all loans, while Lyon Financial does not. Whether your company offers a service or provides a product, process is everything. HFS Financial offers low fixed rates and flexible payment options with terms up to 20 years. Swimming pool loans is what we do. Our program is designed to meet the unique needs of military personnel and their families. 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 Our mission is also to help contractors get paid easier, reach more customers by offering financing, and build their businesses. 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. Youll close more (and sometimes larger) sales, see contracts signed faster, increase your cash flow, and grow your bottom line. Soft credit inquiries should be used instead of hard credit inquiries by lenders. Did mine through HFS Financial..unsecure loan at around 7% APR took a total of like 3 weeks. Most people who have used this company report satisfaction with the process and the loan itself. This is another area where the focus on customer service makes all the difference at Lyon Financial. Home equity loans are essentially when you tap into the equity you have in your home and take out a second mortgage. The approval and funding process is quick and simple, so theyll have the funds to get started on their project quickly. Lyon Financial is a financial services company that offers a variety of products and services to its clients. By giving customers the flexibility to pay for their home improvement projects over time, you open up a world of grand opportunity. 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. HFS Financial specialize in helping homeowners with loans to finance a new swimming pool, outdoor kitchen . Pool Financing - Ask the Pool Guy Amazing service end to end! Thank you. JavaScript is disabled. If my customers use the widget, how do I know if my customer is approved for their loan? Here are a few key features of the LightStream program: Apply at www.SwimmingPool.com/LightStream, Your email address will not be published. Central Bank. They are both similar in that they offer competitive rates and terms, and they both have a wide variety of repayment options. This data includes information on creditworthiness, employment history, and other financial factors. Its a great way to build customer loyalty. As a result, your loan may have a higher interest rate. 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. Close the deal by simplifying the lending process. This also ensures that you are not left holding the bag for any financial losses as a result of bank funding delays or denials. Advertised rates and terms are subject to change without notice. If your credit score is less than 600 or you do not yet have a credit history, you can still hold out hope. Call 877-754-5966 today! 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. 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. 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. 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. Lyon Financial. Offering contractor financing sounds complicated, but its dead easy. Get your customers funded in as little as 48 business hours. For a better experience, please enable JavaScript in your browser before proceeding. What kind of rate and term can I get for my home improvement project? I had a two Home Improvement loans with HFS and they are the BEST. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. Easy to apply. If our clients are happy, we are happy to., Man, HFS has always came through for our clients. NEW $25,000 unsecured rates start at 9.99%, terms up to 7 years, (NO EQUITY REQUIRED) (No pre-payment penalty) scores from 725, NEW up to $10,000 Credit Card- MasterCard or Visa, with 0% APR, (12-18 months) (This is basically FREE money for almost 2 years), (Minimum monthly payment is required) scores from 740, 1st mortgage refinancing FHA,VA, Conventional & Reverse Mortgages. Quick online application. You could also check local credit unions for better rates. Will you be applying for an unsecured loan or do you plan to tap into your home equity or refinance your mortgage? Getting quotes from multiple lenders will help you select the best deal for your pool construction project. Much thanks for any help. Ideally, youll want to have a credit score of 700 or higher to get the best interest rates for pool financing. 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. HFS financial is the perfect partner for getting a swimming pool loan and it's not a complicated, time consuming process. "We love working with HFS. It was the smoothest and fastest loan I have done. 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. The technical storage or access that is used exclusively for statistical purposes. HFS Financial knows things, Accessory Dwelling Units (ADUs) are add-on living areas like a garage apartment or a tiny home for the backyard. Approved within hours. 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 . Carrie Decker and Adam Sidle kept me update to date through the entire process. In the Non-Bank Financial Service category. Make sure any additional work like constructing safety fencing is included in your estimate. We use cookies to optimize our website and our service. The process was painless and fast. When a company has such a focused vision, it is easy to cut through the clutter to get the job done. It is personally reviewed by a member of our loan team. They have been courteous, knowledgeable and thorough. 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. (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. 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? The infamous small print where all the scary stuff tends to be hidden; thats not how we roll. HFS's platform loans are . The information you provide to Lyon Financial is not an application for a loan from Lyon Financial. The lowest interest rates are reserved for those with excellent and substantial credit. Adam Sidle and Krystie McMahon were an awesome team and great from start to finish. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Advertised rates and terms are subject to change without notice. They have a loan that requires no collateral. Unlike many banks and credit unions, our experience is unique to swimming pools, not just any type of loan. Thanks again. For one, Lyon Financial offers a wider range of loan products than HFS Financial. HFS Financials amazing customer care team is always available to answer any questions your customers may have. 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. When I financed my own personal pool, I turned to HFS as well and found all my clients statements to be true for sure. Lyon Financial also offers a lower interest rate for loans that are used for tuition and fees, while Lightstream does not. The process was easy and seamless. Dear Penny: How Do I Get My Ex-Husbands $10K of Past-Due Alimony? Each pulls their own credit report on the customer, resulting in many unnecessary hits. 4.99% APR for a 15-Year Swimming Pool Loan*, Available on approved credit, 850 FICO required, Unsecured Loan With a HELOC, you can pull out funds as needed to finance your pool construction and other home improvement projects. That lender in turn runs their own check. If youre able to open a zero-interest credit card and pay the balance back before the zero-interest period expires, paying with a credit card can be a great option especially if its a rewards card thatll give you points, airline miles or cash-back for spending or a bonus just for opening the account. Loan documents are then ordered and sent electronically. The direct funding to my customers allows us to work more closely with them and takes out the middle man you have with other finance companies. With affordable payment plans and fast approvals, HFS Financial makes it easy to begin your dream home remodeling project today. Accessory Dwelling Units (ADUs) are add-on living areas You no doubt come across all kinds of customers who Every client deserves to hear about their financing Offering financing for your contracting customers can We know youre busy. 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. 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). To pay for a pool using a personal loan, you will usually need a credit score of at least 600. 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. The most common methods are home equity loans and refinancing your home through a bank in your area. HFS Financial recognizes that there may be differences in interest rates based on loan amount, credit history, and other factors. Our team of experts will work with you to help ensure that your experience with us . I would recommend LendKey Financial backed by Xcel Federal Credit Union. Taking on debt for a new pool doesnt have to be your only option. Not all will qualify. And, Do you think adding a custom pole barn to your homes property would be a great asset? Contractor Financing - HFS Financial Quick to respond to my clients, personalized and hassle free service. Was searching for a good company to finance a pool project. Its not a best practice and its in the worst interest of the client. Thank you so much for the kind words and for taking the time to leave a review for us. I had the loan open a month, and this fee was added on top of interest. By discussing financing with every client, your sales grow while your clients get the features theyre dreaming about! HFS Financial Home Improvement Lending Made Simple, offering 100% No Monday Down Financing from $10,000-$100,000, equity not required. 2023 The Penny Hoarder. As a company in business since 1979, we have honed the Lyon Financial loan process to perfection. It may not display this or other websites correctly. If the estimates come in higher than you expected, consider scaling down the size of your pool project or using different materials. That's why we offer flexible and convenient financing options, subject to approved credit. 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. APR, terms, and loan amounts may differ based on loan purpose and credit profile. Tourisme83 is both a tourist guide of the Var, but also a directory. 6.99% (good credit) and 4% lender processing cost rolled into loan. Overview Lyon Financial offers financing solutions for swimming pool and home improvement loans nationwide. To download promotional materials or a widget for your website, visit our Contractor Resource Center. Plus, they will enjoy competitive interest rates and fixed payments that fit within their budget. This ensures that funds are not disbursed in advance of work being completed. This type of financing is the same as applying for a personal loan or pool loan. Amounts from $50,000 to $200,000 Because of their high interest rates, credit cards are usually not recommended as options for financing a new swimming pool. Thank you so much. We eliminate the usual lengthy & stressful loan process to quickly and conveniently bring your backyard dreams to life. Loans powered by HFS are personal loans, which means no equity = no problem. Pool Financing Options - HFS Financial and Lyon Financial