Get Paid on Your Draw Schedule, not the Lender's. Get Automated Updates on All Your Customers. As a result, your loan may have a higher interest rate. National Contractor Success Manager at HFS Financial Dallas-Fort Worth Metroplex. Financial Independence, Retire Early: What Is the FIRE Movement? 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. 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. Theres almost no limit to what customers can finance through contractor financing for their residence. 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. Thanks guys! Lyon Financial Feb 2021 - Feb 2022 1 year 1 month. Our aversion to this approach is just one of the things we do to act in the consumers best interest. Terms up to 20 years Since 1979, Lyon Financial has worked as a specialist in unsecured pool financing solutions. Explore The Best Of Both Worlds A 25-Mile Journey To Stockbridge Michigan. From application to funding the process was very easy with no unnecessary time wasting in between. Those with a good credit score and little or no money are ideal candidates for quick start loans. Loans up to $500,000 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. If my customers use the widget, how do I know if my customer is approved for their loan? What credit bureau does Lyon Financial use? 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. | Cookies Settings. Integrating the HFS widget onto your website is easy. In the Non-Bank Financial Service category. This is another area where the focus on customer service makes all the difference at Lyon Financial. With the HFS Check My Rate tool, customers can find out how much they qualify for quickly and easily. Subject to change. Very understandable and easy, seamless application process. 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. 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. And, Do you think adding a custom pole barn to your homes property would be a great asset? 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. Advertising a personal loan reported to credit report and no liens against the property. This place charges a $800 origination fee on home improvement loans. They offer incentives ranging from 20-year loan terms to electronic documents and rapid approval. An inquiry you submit to Lyon Financial is for the purpose of obtaining additional information regarding a potential loan provided by a third-party lender under terms & conditions arranged directly between you and such lender, and conditioned upon the completion of all credit documentation. If you want to add a pool to your property, but dont have the cash upfront, you have several options. 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. 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. Having a pool is a luxury. There are a few key differences between Lyon Financial and HFS Financial. Our Contractor Resource Center has your widget ready for download. 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). The HFS team Adam and Andrea are awesome! Are you going to purchase a small above-ground pool that you could pay off in 15 months using a zero-interest credit card? Easy to do business with. Only after checking their rates and starting the discussion with HFS Financial will they apply for the right loan for their needs. We refer everyone to HFS now. Viking Capital is a family-owned business that has been in operation since 1999. Our lenders can choose from any of the three Big Three reporting bureaus: Experian, Equifax, and TransUnion, but they must take into account TransUnions expertise. 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 got mine through Lightstream. Lyon Financial is pleased to offer a wide range of financing options to applicants with a credit score of at least 620. Credit scores must be at least 620 in order to apply; however, there is no credit score requirement. 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. The lowest interest rates are reserved for those with excellent and substantial credit. As the industry leader in providing swimming pool & home improvement financing options since 1979, we offer personalized, hassle-free financial solutions tailor-made to your individual needs and qualifications. The lender can securely transfer the loan funds right to their bank account so they can start their project as soon as possible. Financing Your Pool. Get estimates from multiple pool companies so you have a better idea of what options exist. 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. With a HELOC, you can pull out funds as needed to finance your pool construction and other home improvement projects. Lyon Financial Vs Hfs 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 downside is that you could potentially miss out on a better deal by only getting quotes from the pool companys partnered lenders. However, there can be situations where itd make sense. 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. 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. HFS Financial is a financing company that partners with third-party lenders to provide homeowners with the money to construct pools on their property. Whether your company offers a service or provides a product, process is everything. 850 FICO required, Unsecured Loan Financing with HFS Financial is easy and convenient for customers, which means your customers will come back to you time and again. Benefits of working with HFS. 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. There may be different income requirements for different lenders. Most credit cards only offer zero-interest periods for the first 12 to 21 months. Not all will qualify. Please consider. HFS has three types of loans available. Replies to negative reviews in < 24 hours. We are a registered 501(c)3 non-profit that is funded by user donations. $75,000 maximum loan amount Will you be applying for an unsecured loan or do you plan to tap into your home equity or refinance your mortgage? Then theyll wait through a lengthy application process to find out if theyre approved before they can sign on your dotted line. We use cookies to optimize our website and our service. Loans for non-pool/standalone home improvement projects may incur different rates and terms based on loan purpose. Subject to change. Lyon Financial is located at 118 Morlake Drive Suite 202, Mooresville, NC 28117. Overview Lyon Financial offers financing solutions for swimming pool and home improvement loans nationwide. Conditions and limitations apply. The other two major credit bureaus are used for Lyon Financials soft credit pulls, and our lenders conduct hard inquiries with them. HFS Financial Home Improvement Lending Made Simple, offering 100% No Monday Down Financing from $10,000-$100,000, equity not required. Companies can ask for reviews via automatic invitations. 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! How about you? Ask the Pool Guy All rights reserved. We believe the best family vacations are the ones spent in your own backyard. With a personal, no stage funding loan, project delays are a thing of the past. We use dedicated people and clever technology to safeguard our platform. They did a great job financing my project quickly and answered all of my questions really fast. The process was easy and seamless. After that your interest rate could go up to 18% or more. It is also possible that lenders have income requirements that differ from one lender to the next. Any new postings here are unlikely to be seen or responded to by other members. Highly recommend. As a company in business since 1979, we have honed the Lyon Financial loan process to perfection. Now trying to refinance our home and there is a UCC lien I had the loan open a month, and this fee was added on top of interest. Use their 60 second loan application to kick off the loan process. When you send your customers to HFS Financial for financing, you can be sure theyre in safe hands. The technical storage or access that is used exclusively for statistical purposes. He was a great communicator & the loan process was super smooth. Easy to apply. By providing financing to potential customers, you can easily help them make their home improvement dreams a reality. Funds are typically dispersed within 48 hours. When you provide contractor financing options, customers can be confident that their financing process is easy and straightforward. 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. Home equity loans generally have lower interest rates than personal loans because your home is used as collateral. Highly recommend!, What impresses me the most about HFS is how quick and easy the process is for both the customer AND salesperson. Lyon Financial Google Reviews are very positive. Lyon Financial works with Central Bank to provide qualified borrowers with unsecured pool financing. When a customer sees just how little their monthly payment could potentially be, many customers choose to increase the scope of their project. HFS loan programs do not fund to the contractor, which empowers YOU, the consumer and makes life easier for the contractor when it comes to getting paid. The information you provide for your swimming pool loan will enable HFS to determine the different loan options available to you. Anyone can write a Trustpilot review. I worked with Jason Sidle for my loan. Two companies we have relationships with are HFS Financial and Lyon Financial. Some pool builders or retailers offer in-house loan programs through their partner lenders. Additionally, Lyon Financial has a higher customer satisfaction . 15 Year Term If you stop making payments and default on your loan, you dont have to worry about your house being foreclosed though the lender still could sue you. 2023 The Penny Hoarder. The swimming pool youve always envisioned can be yours once you complete this pre-application. Application process was easy and decisions arrived on-time. Customers can feel secure in knowing they will have exceptional customer care, get approved quickly, and have no unexpected surprises down the road. Every day, over 90,000 businesses use Birdeye to get more reviews and manage all customer feedback. HFS assists thousands of customers every month in funding their home improvement dreams. You can get loans from $1,000 to over $200,000 to fund simple above-ground pools or elaborate in-ground pool projects. Thanks for all the advice! Ive personally worked with dozens of different lenders, Ari has hands down been the best to work with!, We absolutely love partnering with HFS. The loan options are based on your income and creditworthiness. Thats right no stage funding. 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. Make sure any additional work like constructing safety fencing is included in your estimate. The process is so simple and straightforward. Plus, they will enjoy competitive interest rates and fixed payments that fit within their budget. Home Improvement Lending Made Simple, offering 100% No Monday Down Financing from $10,000-$100,000, equity not required. Lyon Financial is a financing consultant that has been in business since 1979 and works with a network of lenders to provide loans for pool and home improvement projects. Conditions and limitations apply. Learn how your comment data is processed. The reason is simple: TFPC (Trouble Free Pool Care) is a methodology, not a product that you must purchase. We dont abandon you just because construction has begun. How a Custom Pole Barn Can Transform Your Landscape. Lyon Financial has specialized in swimming pool financing since 1979, making them leaders in their field. And your customers will appreciate the convenience and flexibility of being able to pay for their projects over time and enjoying a simplified lending experience. HFS Financial. They did a great job on approving us without any issues. "We love working with HFS. If you default on your loan, the lender could foreclose on your home. Plus, they will have the industry-leading customer support team from HFS Financial on their side whenever they need us. The technical storage or access that is used exclusively for anonymous statistical purposes. Up to 30 Year Terms Before you dig into your pool financing options, you should be clear on what monthly payment you can afford. Lets us help you with your dream of pool ownership. Advertised rates and terms are subject to change without notice. We greatly appreciate the opportunity to earn your business! The information you provide to HFS Financial is not an application for a loan from HFS Financial. 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. Thank you! Unlike some of our competitors we dont shotgun customers credit. Train your sales team to discuss financing with every single client. 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. No problem! Lyon Financial is a leading provider of military loans and financing options. Loans powered by HFS are personal loans, which means no equity = no problem. Subject to change. 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. 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. Couldn't have been easier. 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. Since most homeowners rely on financing to complete their home improvement project, simply talking to them about the overall price isnt enough. 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. In just 60 seconds, they can start the process of finding out how much they qualify for. How to Help Your Customers Get Pole Barn Financing, 4 Reasons You Should Talk to Every Client About Financing, When to Talk About Financing with Your Contracting Customers, How to Answer the Phone as a General Contractor. Does NOT affect your credit, 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. Customers can get approved funds fast, so they can start their project on time. What kind of financing text should I put on my website? 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. Absolutely not! There are 5 options we recommend to finance your pool. HFS Financial: Apply Here. They can afford larger projects, higher quality materials, and dont have to wait on building their project in phases. Signed contract with Lyon financial in 12/2019 unbeknownst to us or never explained that ********** would own the loan. How Can I Grow My Business by Offering Financing? All loan programs found at www.hfsfinancial.net have no fees or penalties for prepayment. All loan programs found at www.hfsfinancial.net have no fees or penalties for prepayment. They provide great customer service to our clients, they close the loans quickly, and the level of communication with us is outstanding. Payment example: Monthly Payments for a $200,000 loan at 6.49% APR with a term of 30 years would result in 360 monthly payments of $1,262.82. Lyon Financial uses the Citizens Bank, which is located in Boston, Massachusetts. ), No origination fees or prepayment penalties. Your APR may differ based on loan purpose, amount, term and your credit profile. Dont forget to factor in maintenance and additional utilities usage when estimating how much you can afford to go toward pool costs. Dont forget that we also specialize in helping our clients secure home improvement loans too! Here are some of the other reasons homeowners like working with HFS. 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. We offer competitive rates and terms, and our experienced staff is here to help you every step of the way. 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. This is a good option if you think you wouldnt get much regular use of having your own pool. Does contractor financing impact my credit score? Conditions and limitations apply. With your handy web widget from HFS Financial, youll be the one-stop shop for your customers. For one, Lyon Financial offers a wider range of loan products than HFS Financial. Loans 100% Up-Front Here are 8 tips for writing great reviews. If you have a credit score of 600 or higher, you are more likely to qualify for a pool loan. No ones score should be impacted that dramatically. HFS Financial offers low fixed rates and flexible payment options with terms up to 20 years. 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. HFS Financial recognizes that there may be differences in interest rates based on loan amount, credit history, and other factors. Youll only need additional staff when your business starts to grow in other areas because contractor funding has earned your additional customers and projects. 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. Who doesnt love a relaxing dip in the swimming pool on a sweltering, hot day? Your credit score may take a dip after taking on new debt, but it should rebound as you make regular, on-time payments. Lyon 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. Did you pay that fee? We are clear and upfront about every aspect of your loan. 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. 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). 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. Required fields are marked *. A borrowers credit score, credit history, income and existing debt load all affect the interest rate. APR, terms, and loan amounts may differ based on loan purpose and credit profile. You are using an out of date browser. Here are some ways that offering financing can help your business grow. We take the burden off of you so that you can do what you do best building the most fantastic home improvement projects around! Exact interest rate determined by credit profile. You can finance a pool over 20 to 30 years, depending on the type of financing you secure. That's why we offer flexible and convenient financing options, subject to approved credit. Lyon Financial acts as an Account Manager and is not a lender or a broker. Lazy afternoons, endless evenings, and the freedom to relax with friends and family. Every time we had a question Jamie response was immediately. To see if you qualify, call Lyon Financial at 877.754.5966 or apply online today. HFS Financial specialize in helping homeowners with loans to finance a new swimming pool, outdoor kitchen . There are a few key differences between Lyon Financial and HFS Financial. You dont have paperwork to fill out or a complicated process to walk through we handle all of that part! Getting quotes from multiple lenders will help you select the best deal for your pool construction project. Copyright. We use cookies to optimize our website and our service. I had a two Home Improvement loans with HFS and they are the BEST. 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? It is common for borrowers with low credit scores to have lower interest rates, though this is not always the case. The teams are VERY proactive throughout the entire process to ensure we were on track with our project. 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. Some affiliates of Lyon Financial may offer a rate discount via AutoPay. Oh, that would be about $350/month? Payment example: Monthly Payments for a $200,000 loan at 6.49% APR with a term of 30 years would result in 360 monthly payments of $1,262.82. 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. Ideally, your credit score should be 700 or above. on after all.. Of course, the cost will vary based on the size, the type of pool, your location and where you plan to build the pool on your property. 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. 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. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. While we are located in Maryland, we do conduct business in all 50 states. 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. With over 400,000 satisfied customers nationwide, we know what a pool means to you and your family. 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. HFS Financials amazing customer care team is always available to answer any questions your customers may have. When customers have trouble finding financing, its easy for them to give up on pursuing a home improvement project. When you apply, we will do a soft credit check to view your credit profile and narrow down your options for securing a loan. That guy, Ari, just really knows a thing or two about a thing or two. Adam Sidle and Jonathan Kahl made the journey simple and effortless. Not all will qualify. I would recommend LendKey Financial backed by Xcel Federal Credit Union. Its your money and we believe you should be in control. These are just a few of the many benefits of offering contractor financing with HFS Financial. People with poor credit may require a larger loan if they need it. 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. People seem to really like the company and appreciate the service they provide. Its a great way to build customer loyalty. 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. We do one thing and we do it better than anyone. Additional benefits of financing with HFS Financial: No Impact on Credit to Apply Your Bank or Credit Union. 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. Low, fixed rates, Unsecured Loan Most people who have used this company report satisfaction with the process and the loan itself. Please click on the links below to fill out a pool .
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lyon financial vs hfs financial
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