lyon financial vs hfs financial lyon financial vs hfs financial

So, what are the benefits of offering financing to each and every customer? How many years can you refinance a pool for? HFS Financial recognizes that there may be differences in interest rates based on loan amount, credit history, and other factors. Find out how we combat fake reviews. Lyons only pulls your credit once. Our mission is also to help contractors get paid easier, reach more customers by offering financing, and build their businesses. A credit score of 600 or higher is generally required to use a personal loan to cover pool fees. Some pool builders or retailers offer in-house loan programs through their partner lenders. The loan options are based on your income and creditworthiness. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. Unlike many banks and credit unions, our experience is unique to swimming pools, not just any type of loan. The lowest interest rates are reserved for those with excellent and substantial credit. How a Custom Pole Barn Can Transform Your Landscape. Lyon Financial also offers a lower interest rate for loans that are used for tuition and fees, while Lightstream does not. Not all will qualify. Subject to credit approval. 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. But never were we told that there would be a lien against our home, not allowing us to refinance the house. 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?. BBB Business Profiles may not be reproduced for sales or promotional purposes. You are using an out of date browser. I had the loan done in a week. So I will pay forward a good deed and save you the 1500.00 broker and tell you we used United States senate federal credit union. This type of financing is the same as applying for a personal loan or pool loan. If you need decades to pay back the loan, you might consider refinancing your mortgage or taking out a second mortgage. Did you pay that fee? A score of at least 680 is frequently required to obtain a home equity loan or home equity line of credit (HELOX). 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. They offer incentives ranging from 20-year loan terms to electronic documents and rapid approval. Before you dig into your pool financing options, you should be clear on what monthly payment you can afford. Train your sales team to talk to every client about financing and to direct them to the HFS Check My Rate tool, where they can get an estimate of their loan payment in real time. HFS Financial knows things, Accessory Dwelling Units (ADUs) are add-on living areas like a garage apartment or a tiny home for the backyard. The other two major credit bureaus are used for Lyon Financials soft credit pulls, and our lenders conduct hard inquiries with them. Interest rates can start around 3% and go up to about 36%. You could teach your kids to swim right at home. That said, it is not impossible to get approved for a loan from Lyons Financial, but it may be more difficult than going through a less reputable lender. Lyon Financial offers financing solutions for swimming pool and home improvement loans nationwide. 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. BBB of Southern Piedmont and Western N.C. BBB reports on known marketplace practices. Conditions and limitations apply. 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. The approval and funding process is quick and simple, so theyll have the funds to get started on their project quickly. We recommend putting a short call-to-action (CTA) next to the HFS widget on your website. And has been a great asset/relationship for our business., With HFS, it's easy to pre-qualify our clients, and the funding of projects is just as quick and easy! 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. What kind of financing text should I put on my website? Low, fixed rates, Unsecured Loan 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. What credit bureau does Lyon Financial use? Absolutely not! Lyon Financial Vs Hfs Financial. Plus, as an HFS Contractor, that process starts from your website, which is convenient and puts your client at ease. . How Can You Make Friends While Traveling Alone? All information is subject to change without notice. Here at National Pools & Spas, we want to ensure that paying for your outdoor water feature is a comfortable experience. The industry leader since 1979, Lyon Financial specializes exclusively in swimming pool financing solutions tailored to your individual needs and qualifications meaning we can help get you the best loans at the lowest rates and longest terms. Here are just a few things you can expect. Home equity loans are essentially when you tap into the equity you have in your home and take out a second mortgage. The technical storage or access that is used exclusively for statistical purposes. Your email address will not be published. Its a great way to build customer loyalty. The technical storage or access that is used exclusively for anonymous statistical purposes. The builder is paid in stages, according to the progress of the project. Viking Capital. Click the tabs to the right to learn more about each financing option. Lyon Financial recognizes that there may be differences in interest rates based in loan amount, credit history, geographic location, and other factors. HFS Financials amazing customer care team is always available to answer any questions your customers may have. 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. Customers can get approved funds fast, so they can start their project on time. Additionally, Lyon Financial has a higher customer satisfaction rating than HFS Financial. Financing Your Pool Project. That's why we offer flexible and convenient financing options, subject to approved credit. Dont forget that we also specialize in helping our clients secure home improvement loans too! Flexible payment options and low fixed rates can support an array of home improvement projects, and customers can choose the best option for them. One of the benefits of personal loans is that you dont have to offer up any collateral. The worlds cultural corporate capitals: where best combines art and business? With HFS Financial, there are no hidden costs. Couldnt recommend the two of them any more! Otherwise, people seemed happy with the experience. HFS Financial specialize in helping homeowners with loans to finance a new swimming pool, outdoor kitchen . Lyon Financial uses the Citizens Bank, which is located in Boston, Massachusetts. We particularly enjoy the quick turn-around times for the loans and the excellent communication we receive. 5-star experience! Approved within hours. Rethink your kitchen storage space with financing for a kitchen remodel. Here are some ways that offering financing can help your business grow. Unlike many of the other lenders in this space, HFS makes the process easy and the fund our clients quickly. When you send your customers to HFS Financial for financing, you can be sure theyre in safe hands. Hi,If you have funded a loan through HFS please know that all loan terms are always fully disclosed prior to approval and funding. HFS Financial. 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. 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. Some companies, however, will accept lower credit scores. 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 teams are VERY proactive throughout the entire process to ensure we were on track with our project. 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. From your showroom, customers can use our Check My Rate for real-time lowest payment amounts on demand! Light Stream. Thank you so much for the kind words and for taking the time to leave a review for us. For more information visit HFS Financial. Lyon Financial is a credit bureau that uses a variety of financial data to help businesses make informed decisions about lending money. 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. Hello , This is an inactive thread. It is being practiced by thousands of pool owners just like you. Close the deal by simplifying the lending process. 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. We are proud to offer our unique financing program to those who have served or are currently serving our country. Its been a real asset to have your link on our webpage. We look at overall credit health, including your debt-to-income (DTI) ratio. Privacy Policy and Terms of Service I will recommend HFS Financial and Adam and Jamie team anytime. However, there can be situations where itd make sense. We greatly appreciate the opportunity to earn your business! How Can I Grow My Business by Offering Financing? Loans powered by HFS are personal loans, which means no equity = no problem. After weve received your application information, one of our team members will be in touch with you. They provide great customer service to our clients, they close the loans quickly, and the level of communication with us is outstanding. We offer competitive rates and terms, and our experienced staff is here to help you every step of the way. It was the cheapest loan And interest we could find. Adam Sidle and Jonathan Kahl made the journey simple and effortless. HFS Financial recognizes that there may be differences in interest rates based on loan amount, credit history, and other factors. 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. Within a week, we had the loan. With financing from HFS Financial, youll have a way to show them just how little a monthly payment can be for their project. The benefit is that you get a one-stop-shop experience instead of having to reach out to lenders individually. Subject to change. This is very helpful and I will reach out to the few places recommended by everyone. You can get loans from $1,000 to over $200,000 to fund simple above-ground pools or elaborate in-ground pool projects. FICO score of 850 required for 4.99% APR. Youll close more (and sometimes larger) sales, see contracts signed faster, increase your cash flow, and grow your bottom line. Once the loan documents are signed and returned to Lyon Financial, the builder is given a clear to start and construction can officially begin. 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! The information you provide to Lyon Financial is not an application for a loan from Lyon Financial. Since most homeowners rely on financing to complete their home improvement project, simply talking to them about the overall price isnt enough. 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. 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 . Richard and Joe were fantastic. Thanks again. The interest rate on these loans is higher than on other types of loans. If my customers use the widget, how do I know if my customer is approved for their loan? We hold a steadfast position to never allow a customers credit to take more hits than it should. 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. How Do I Set Up the HFS Widget on My Website? Thank you! A cash-out refinance might make sense if youre able to get a lower interest rate than your current mortgage. Lyon Financial - Swimming Pool Financing Specialists Since 1979 Their rate is low, but they have a $1995 "processing fee" paid to them out of the loan proceeds. Youll only need additional staff when your business starts to grow in other areas because contractor funding has earned your additional customers and projects. We dont abandon you just because construction has begun. Quick online application. Texas Blue Lake Pools works with HFS Financial and Lyon Financial to offer you pool financing options to finance your backyard dream. Maximum loan amount of $75,000. We have over 75 years of hands on pool loan experience so you have come to the right place. 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). It is a type of loan that is approved for people who are ready to buy a home and have a good credit score. The downside is that you could potentially miss out on a better deal by only getting quotes from the pool companys partnered lenders. 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. *In Canada, trademark(s) of the International Association of Better Business Bureaus, used under License. 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. People seem to really like the company and appreciate the service they provide. This was last July. HFS financial is the perfect partner for getting a swimming pool loan and it's not a complicated, time consuming process. Signed contract with Lyon financial in 12/2019 unbeknownst to us or never explained that ********** would own the loan. This post on Budget Planning may be helpful. The loan options are based on your income and creditworthiness. Financing is offered by third party lenders for pool renovation projects and new pool construction. That means that customers can find the right loan for their needs and budget. Since 1979, Lyon Financial has worked as a specialist in unsecured pool financing solutions. Were here to help you grow your business and build relationships that last. You could put off your pool construction project for a few years and save up for the expense in cash. Adam Sidle and Krystie McMahon were an awesome team and great from start to finish. Then theyll wait through a lengthy application process to find out if theyre approved before they can sign on your dotted line. Lyons Financial is a highly respected financial institution, and as such, they have high standards for who they approve for loans. Unlike most home improvement loans, you the consumer get all the money funded directly to you, upfront. Our Contractor Resource Center has your widget ready for download. Should you need copies of documents you were sent and signed please dont hesitate to request this information.We are sorry to hear that you feel loan information was not disclosed. After the conditional approval, income verification documents need to be submitted. You must log in or register to reply here. Does anyone have any recommendations on pool loan companies with competitive interest rates? This includes loans for people with bad credit and loans for people who are self-employed. A borrowers credit score, credit history, income and existing debt load all affect the interest rate. With HFS Financial, your clients dont have to jump through hoops to find their loan and can get started on their project more quickly. HFS has one-of-a-kind loan programs and world-class service as shown by 1,500 + 5-star Reviews. We have heard nothing but great things from our clients in terms of ease of use, the process is simple, and the funds being made very quickly are all things that they love. Our aversion to this approach is just one of the things we do to act in the consumers best interest. They did a great job on approving us without any issues. There are several ways to go about getting a loan for a pool. To boost your credit score before applying for a pool loan, follow these steps. Funds are typically dispersed within 48 hours. 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). 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. Thousands of 5-Star Reviews. Replies to negative reviews in < 24 hours. Can I Offer Contractor Financing for ADUs? HFS will check your credit report and income when you apply for a loan. With direct-to-consumer financing through HFS, customers have complete control of their money. Call 877-754-5966 today! Do I need equity, money down, or a home appraisal? We got a loan from a local bank for 5.5%. It only takes 60 seconds, and your credit will NOT be pulled. Here at HFS, we dont only exist to help homeowners find financing to bring their dreams to life. HFS has three types of loans available. Central Bank. Subject to change. When you want to grow your business, talking to your customers more about financing should be at the top of your business plan priorities. With affordable payment plans and fast approvals, HFS Financial makes it easy to begin your dream home remodeling project today. 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. Terms, amounts, and APR may differ based on loan purpose and credit profile. Call us at 877-754-5966 for all the information you want. I also enjoy how responsive your company is with me as well., "HFS Financial has been awesome. If approved for an unsecured personal loan, you can usually receive funds within a couple of days, much quicker than some other financing options. HFS Financial Home Improvement Lending Made Simple, offering 100% No Monday Down Financing from $10,000-$100,000, equity not required. I worked with Jason Sidle for my loan. Home equity loan rates as low as 3.2 for 4 years up to 5.0 for 20 years. And all of this comes at no cost to you! We have served over 100,000 customers since 2004 and are trusted by over 25,000 contractors to help their clients with their financing needs. Verification can help ensure real people write reviews about real companies. 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. 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. When they get funded through HFS Financial, each customer is essentially a cash buyer. Heres what a few top lenders are currently offering. HFS motto is You Dream it, We finance it and there motto is exactly on point, I dreamed it and they helped me finance it! Adam sidle and Jamie Cole were beyond amazing. Advertised terms are subject to change without notice. I had the loan open a month, and this fee was added on top of interest. I have since used them directly for car loans etc great bank. Dear Penny: Am I Nuts to Take Out a Mortgage on the Home I Just Paid Off. Once the process is started, it is a very quick turn around and the customer has the money directly in their account ready for the pool build to begin.. The final step to get your pool project financed is to complete any additional paperwork and sign off on the dotted line. Lyon Financial APR (interest rates) As low as 2.99% Maximum loan amount $200,000 Loan terms Up to 25 years HFS Financial Best for Large Pool Loans 4 out of 5 Overall Key Features Provides loans up to $500,000 Most loans are funded within 48 hours No prepayment penalties Get Details Some pool companies may directly provide you with pool financing offers, so you dont have to search for financing on your own. Up to 30 Year Terms If you have any questions about swimming pool loans or home improvement loans call 1-800-254-9560 and press 5. - All rights reserved. We take care of all that for you, meaning your staff can focus on what they do best providing the best home improvement experience possible. Subject to change. 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. HFS assists thousands of customers every month in funding their home improvement dreams. 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. 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. Follow-up was direct and complete. Advertised rates and terms are subject to change without notice. Advertisement. HFS is our top choice for financing. I couldnt have done it any better. Some other things that make us stand out: This is probably our most frequently asked question. So easy to work with and great communication. I was looking at HFS too for an unsecured loan. Exact interest rate determined by credit profile. Please don't hesitate to contact us for financing assistance at (904) 223-4050. BBB Business Profiles are provided solely to assist you in exercising your own best judgment. Lyon Financial has specialized in swimming pool financing since 1979, making them leaders in their field. If you want to add a pool to your property, but dont have the cash upfront, you have several options. That lender in turn runs their own check. Thanks again., We have been working with HFS Financial for a few years now with our clients. All loan programs found at www.hfsfinancial.net have no fees or penalties for prepayment. 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. When you apply, we will do a soft credit check to view your credit profile and narrow down your options for securing a loan. 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. These loans have a shorter term but can be repaid very quickly. Lyon Financial will never access or sell your credit card information. 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. It would have been better if they had waited a week before the event. Additional benefits of financing with HFS Financial: No Impact on Credit to Apply Not all will qualify. We do one thing and we do it better than anyone. I will definitely be using them for any future projects and will be referring them to friends. I recommend HFS to all my customers., Working with HFS gives us a great tool that enables us to close more of our contracts. Ideally, your credit score should be 700 or above.