Dont forget that we also specialize in helping our clients secure home improvement loans too! Carrie Decker and Adam Sidle kept me update to date through the entire process. HFS's platform loans are . Can I Offer Contractor Financing for ADUs? Lyon Financial will never access or sell your credit card information. Lyon Financial also offers a lower interest rate for loans that are used for tuition and fees, while Lightstream does not. Our aversion to this approach is just one of the things we do to act in the consumers best interest. . In the Non-Bank Financial Service category. Each pulls their own credit report on the customer, resulting in many unnecessary hits. Subject to change. They are both similar in that they offer competitive rates and terms, and they both have a wide variety of repayment options. Very happy with them. Subject to change. With HFS Financial, theres no extra paperwork for your business. The cost of all of the materials and labor required to construct a pool can range from $20,000 to $100,000. Hello , This is an inactive thread. 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. Everything is detailed for your customer upfront. How about you? The worlds cultural corporate capitals: where best combines art and business? The whole project funds direct to the customer, up-front. Here are some ways that offering financing can help your business grow. Youll close more (and sometimes larger) sales, see contracts signed faster, increase your cash flow, and grow your bottom line. Lyon Financial recognizes that there may be differences in interest rates based in loan amount, credit history, geographic location, and other factors. As a matter of policy, BBB does not endorse any product, service or business. Look no further than HFS, their team is simply the best!, We love sending our clients to HFS. It was the cheapest loan And interest we could find. We are clear and upfront about every aspect of your loan. We rely on the expertise of TransUnion, but our lenders may use any of the Big Three reporting bureaus: Equifax, Experian, and TransUnion. 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? All information is subject to change without notice. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. 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. 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. Low-Fixed Rates 15 Year Term The information you provide to Lyon Financial is not an application for a loan from Lyon Financial. 5-star experience! Within a week, we had the loan. Dear Penny: How Do I Move Past My Husbands $150K Gambling Losses? It all depends on your individual circumstances and preferences. Some companies, however, will accept lower credit scores. Each program pays in at least three stages, from excavation to project completion (as defined in the contract). When I financed my own personal pool, I turned to HFS as well and found all my clients statements to be true for sure. Whether your company offers a service or provides a product, process is everything. Ideally, your credit score should be 700 or above. Subject to change. Because of their high interest rates, credit cards are usually not recommended as options for financing a new swimming pool. We explored a home equity loan but found out quickly that the HFS team wanted our business and created an excellent customer service environment. Advertisement. All information is subject to change without notice. If you need decades to pay back the loan, you might consider refinancing your mortgage or taking out a second mortgage. . Ive personally worked with dozens of different lenders, Ari has hands down been the best to work with!, We absolutely love partnering with HFS. With funding for up to 120% of their project, they will have the money in hand that they need to make their vision a beautiful reality. 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. Terms, amounts, and APR may differ based on loan purpose and credit profile. To pay for a pool using a personal loan, you will usually need a credit score of at least 600. Your credit score may take a dip after taking on new debt, but it should rebound as you make regular, on-time payments. Your email address will not be published. You wont spend a dime on your partnership, and youll have the leading advisors and support staff in the home improvement lending industry on your side whenever you need us. Exact interest rate determined by credit profile. 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. What are the advantages and disadvantages of pool loans? After working with contractors for so long, we know what a game-changer that is. NO STAGE FUNDING You must log in or register to reply here. Specially, Jennifer, she was with me from beginning to end with pointing out the things needed from me. I was looking at HFS too for an unsecured loan. Feel free to explain how their credit score wont be affected by inquiring about financing. Adding a small plunge pool to a cleared, flat space in your backyard will cost considerably less than adding a resort-style pool with waterfalls and a jacuzzi to your property that requires you to cut down multiple trees and level the land. Privacy Policy and Terms of Service Lyon Financial. However, there can be situations where itd make sense. 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. Home equity loan rates as low as 3.2 for 4 years up to 5.0 for 20 years. HFS assists thousands of customers every month in funding their home improvement dreams. 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 . Lyon Financial has specialized in swimming pool financing since 1979, making them leaders in their field. The lowest interest rates are reserved for those with excellent and substantial credit. Get your customers funded in as little as 48 business hours. Prompt response to any questions we had and navigated the finance to contractor relationship with ease. After that your interest rate could go up to 18% or more. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. They can afford larger projects, higher quality materials, and dont have to wait on building their project in phases. Are you ready to get paid on your schedule instead of the banks? So we run our credit check first and work to pair you with the best lender for your situation. When you want to make the most of your financing partnership, its important to talk to every client about home improvement financing. 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. Thats crazy! Advertised rates and terms are subject to change without notice. We handle all of the heavy lifting, so you dont have to worry about any part of financing for your customers beyond chatting about how they can fund their project. The high cost to install a pool means that many people rely on pool financing. 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. Financial Independence, Retire Early: What Is the FIRE Movement? HFS communicates directly with the customer and in a timely manner. 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. Every customer can rest assured that when they choose your contractor financing, they are getting a reliable and secure solution from a trusted partner. 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. Financing is offered by third party lenders for pool renovation projects and new pool construction. Give us a call or visit us to get started today. Its been a real asset to have your link on our webpage. All information is subject to change without notice. Hi,If you have funded a loan through HFS please know that all loan terms are always fully disclosed prior to approval and funding. Adam Sidle and Krystie McMahon were an awesome team and great from start to finish. The information you provide for your swimming pool loan will enable HFS to determine the different loan options available to you. Thousands of 5-Star Reviews. The loan team member will review the terms and conditions with you, ensuring you are paired with the program that best suits your needs and qualifications. Adam made sure that everything was explained and kept us informed of all ongoing actions. Ill definitely use them again for my next outdoor project! When you provide contractor financing options, customers can be confident that their financing process is easy and straightforward. For one, Lyon Financial offers a wider range of loan products than HFS Financial. All loan programs found at www.hfsfinancial.net have no fees or penalties for prepayment. You could also check local credit unions for better rates. No ones score should be impacted that dramatically. Those with a good credit score and little or no money are ideal candidates for quick start loans. A credit score of 600 or higher is generally required to use a personal loan to cover pool fees. Maximum loan amount of $75,000. While we are located in Maryland, we do conduct business in all 50 states. 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. Unlike many banks and credit unions, our experience is unique to swimming pools, not just any type of loan. Lyon Financial is located at 118 Morlake Drive Suite 202, Mooresville, NC 28117. Personal loan terms generally range from about two to 12 years though some pool loans can have terms up to 20 years or more. Lazy afternoons, endless evenings, and the freedom to relax with friends and family. The lender can securely transfer the loan funds right to their bank account so they can start their project as soon as possible. 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. Here at National Pools & Spas, we want to ensure that paying for your outdoor water feature is a comfortable experience. 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 possess the Lyon Financial minimum credit score or have a higher FICO, you shouldnt have your credit reputation subjected to such a practice. Much thanks for any help. 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. Thank you. We have everything ready to go for you, and all you need to do is follow these simple steps. By providing financing to potential customers, you can easily help them make their home improvement dreams a reality. We can extend for additional time as needed to complete the pool project, as long as no major changes to credit have been made. 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. Quick online application. With your handy web widget from HFS Financial, youll be the one-stop shop for your customers. 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. 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. I'm glad I did. They dont have to worry about waiting for approval before making adjustments in order to complete their dream. Lyon Financial is a financial services company that offers a variety of products and services to its clients. Home equity loans are essentially when you tap into the equity you have in your home and take out a second mortgage. Although we do not offer in-house financing at Allison Landscape and Pool Company, we do work with banks and other financial institutions when it comes to financing your pool project. Reinvent your bathroom, garage, or outdoor living areas with a fast funding home improvement loan. Conditions and limitations apply. Couldnt recommend the two of them any more! Highly recommend! If you want to add a pool to your property, but dont have the cash upfront, you have several options. For one, Lyon Financial offers a wider range of loan products than HFS Financial. Advertised terms are subject to change without notice. We refer everyone to HFS now. 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. 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. BBB Business Profiles may not be reproduced for sales or promotional purposes. Flexible payment options and low fixed rates can support an array of home improvement projects, and customers can choose the best option for them. Learn how your comment data is processed. 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! By using the HFS Financial widget on your website, its easier than ever for customers to access financing for their home improvement projects. We love the difference we can make for your family by providing something that puts years of memories within reach. HFS is our top choice for financing. Who doesnt love a relaxing dip in the swimming pool on a sweltering, hot day? Its estimated that about 75% of customers need a loan to achieve their home improvement dreams. Very courteous customer service. Conditions and limitations apply. Applying for online loans, sitting in meetings with bank loan officers, making time for phone calls, and filling out endless paperwork can be a burden, not to mention a damage to their credit for applying. Most credit cards only offer zero-interest periods for the first 12 to 21 months. If your credit score is less than 600 or you do not yet have a credit history, you can still hold out hope. By using this data, businesses can make more informed decisions . These loans have a shorter term but can be repaid very quickly. Did mine through HFS Financial..unsecure loan at around 7% APR took a total of like 3 weeks. So easy to work with and great communication. They have a loan that requires no collateral. 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. All information is subject to change without notice. When you want to grow your business, talking to your customers more about financing should be at the top of your business plan priorities. From your showroom, customers can use our Check My Rate for real-time lowest payment amounts on demand! The 5 Best Instant Approval Credit Cards of May 2023. Conditions and limitations apply. As a nationwide provider of swimming pool and home improvement loans, were able to access a wide array of financial programs. Talk with pool builders to get estimates on the total cost of your desired pool project. As a company in business since 1979, we have honed the Lyon Financial loan process to perfection. Lets us help you with your dream of pool ownership. Personal Home Improvement Loans. Pool loans can also be found from companies that specialize in them. How Can I Grow My Business by Offering Financing? The Birdeye app powers this profile. Here at HFS, we dont only exist to help homeowners find financing to bring their dreams to life. HFS not only allows you to offer industry-leading financing options, but we also supply you with all of the information you need to show your customers just how amazing and easy contractor financing can be for their project. If the estimates come in higher than you expected, consider scaling down the size of your pool project or using different materials. 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. After weve received your application information, one of our team members will be in touch with you. Overall, Lyon Financial seems to be a reputable company that offers a good product. That guy, Ari, just really knows a thing or two about a thing or two. 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. What Are the Benefits of Offering Financing to Every Customer? This includes loans for people with bad credit and loans for people who are self-employed. Only after checking their rates and starting the discussion with HFS Financial will they apply for the right loan for their needs. HFS is incredibly efficient and effective at helping our clients get the money they need to bring their pool dreams to life. 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. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. What they really need to know is, How much is the monthly payment, and does it fit into my budget?. This may be a good task for a web developer, or feel free to reach out to your HFS contractor success manager and we will take care of this process for you. I would definitely recommend HFS to anyone needing a home improvement loan. I highly reccomend HFS Financial! 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. Your APR may differ based on loan purpose, amount, term and your credit profile. We want to help you have the staycation of a lifetime, by getting a swimming pool in your own backyard! It only takes 60 seconds, and your credit will NOT be pulled. Thanks again., We have been working with HFS Financial for a few years now with our clients. Low, fixed rates, Unsecured Loan Thank you! Are you going to purchase a small above-ground pool that you could pay off in 15 months using a zero-interest credit card? The other two major credit bureaus are used for Lyon Financials soft credit pulls, and our lenders conduct hard inquiries with them. HFS Financial. Funding Your Around The World Travel Experience. We are going to use Randolph Brooks Federal Credit Union. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Subject to change. 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. As soon as the hard inquiry has been completed, a lender will provide you with a pre-approval. Thanks again. Once approved, loans can typically fund in 24 hours with little-to-no documentation required from the consumer. And when they talk about how amazing the process was to work with you, those word-of-mouth recommendations and online reviews can boost your business in major ways. HFS Financials amazing customer care team is always available to answer any questions your customers may have. Lyons Financial is a highly respected financial institution, and as such, they have high standards for who they approve for loans. When a customer sees just how little their monthly payment could potentially be, many customers choose to increase the scope of their project. A cash-out refinance might make sense if youre able to get a lower interest rate than your current mortgage. The technical storage or access that is used exclusively for anonymous statistical purposes. Our mission is also to help contractors get paid easier, reach more customers by offering financing, and build their businesses. Verification can help ensure real people write reviews about real companies. Rates start at 6.49%. Being able to provide customers with informational material provided by HFS as well as a direct link from our website to complete applications helps set our company apart. Thats where our excellent customer service begins. Such an easy process!!! If you dont get your score up before starting a pool, you wont be able to build one. But most of all, it means making memories that will last a lifetime. Which for 12 years is still lower than any others I can find. When youre financing a pool, having a good or excellent credit score will help you secure a loan with a low interest rate. 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. It means barbecues and graduation parties. Lyon Financial offers financing solutions for swimming pool and home improvement loans nationwide. Personal loans ranging in size from $20,000 to $25,000 are available from a number of lenders. When they get funded through HFS Financial, each customer is essentially a cash buyer. Explain the benefit of having no surprises when it comes time to pay off the loan. HFS Financial is a financing company that partners with third-party lenders to provide homeowners with the money to construct pools on their property. Many, if not most, of your competitors will not offer financing so just the fact that you do gives you a huge competitive edge. You will get much more visibility by. You can easily incorporate contractor financing into your sales process without any hassle or additional work on your end. 4.99% APR for a 15-Year Swimming Pool Loan*, Available on approved credit, 850 FICO required, Unsecured Loan Loan documents are then ordered and sent electronically. How many years can you refinance a pool for? HFS application process was user friendly. FICO score of 850 required for 4.99% APR. 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 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. When you refer your clients to HFS, they wont have to worry about coming up with a down payment or any other funds. Every time we had a question Jamie response was immediately. It is common for borrowers with low credit scores to have lower interest rates, though this is not always the case. If you default on your loan, the lender could foreclose on your home. The company is a member of the Better Business Bureau and has an A+ rating with the organization. I recommend HFS to all my customers., Working with HFS gives us a great tool that enables us to close more of our contracts. 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. And if you dont have tens of thousands of dollars upfront to spend on a pool construction project, theres always pool financing. 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. The reason is simple: TFPC (Trouble Free Pool Care) is a methodology, not a product that you must purchase. Does anyone have any recommendations on pool loan companies with competitive interest rates? Thats how much PoolCorp has helped finance in less than 10 months with our LightStream Unsecured Consumer Financing Program. Quick to respond to my clients, personalized and hassle free service. Lyon Financial is located at 118 Morlake Drive Suite 202, Mooresville, NC 28117. People with poor credit may require a larger loan if they need it. Lyon Financial Vs Hfs Financial. HFS Financial is not responsible or liable for any products, services, information,or other materials displayed, purchased, or obtainedbecause ofor in connection with this web site, including, without limitation, any agent referrals, loan recommendations, application, approval, pre-qualification,loan,or interest rate analysis. 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. I also enjoy how responsive your company is with me as well., "HFS Financial has been awesome. 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. With a personal, no stage funding loan, project delays are a thing of the past. 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). 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. You could teach your kids to swim right at home. Overview Lyon Financial offers financing solutions for swimming pool and home improvement loans nationwide. 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. 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. During regular business hours we answer the phone every time! Integrating the HFS widget onto your website is easy. The technical storage or access that is used exclusively for statistical purposes. We are a registered 501(c)3 non-profit that is funded by user donations. 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. No problem! Nicole Dow is a senior writer at The Penny Hoarder. Great option if you want to preserve your current mortgage rate like us. Lyon Financial works with Central Bank to provide qualified borrowers with unsecured pool financing. Our program is designed to meet the unique needs of military personnel and their families. This place charges a $800 origination fee on home improvement loans.