lyon financial vs hfs financial lyon financial vs hfs financial

If youve got excellent credit and would qualify for a low-interest personal loan (unsecured loan), that might be the better option. 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. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile. What Credit Score Does Lyon Financial Use - tourisme83.com HFS makes the application process easy with a user-friendly website and document upload process. As a company in business since 1979, we have honed the Lyon Financial loan process to perfection. But just how do you go about doing that? 5 Excellent Sources for Pool Construction Loans - Aquascapes Pools Swimming Pool Financing from Lyon Financial | Lyon Financial 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. And all of this comes at no cost to you! Conditions and limitations apply. It all depends on your individual circumstances and preferences. The technical storage or access that is used exclusively for anonymous statistical purposes. Conditions and limitations apply. Lyons only pulls your credit once. Our team of experts will work with you to help ensure that your experience with us . Exact interest rate determined by credit profile. 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. A score of at least 680 is frequently required to obtain a home equity loan or home equity line of credit (HELOX). Subject to credit approval. 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. Your credit score may take a dip after taking on new debt, but it should rebound as you make regular, on-time payments. HFS was super response to our initial request. 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. 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. Make sure they know that with HFS Financial theres no need to worry about checking on financing. Financing also allows customers to dream bigger. Advertised rates and terms are subject to change without notice. We greatly appreciate the opportunity to earn your business! Future clients dont need to search for financing after visiting our page, they can click on the spot and find out. Financing Your Pool. What kind of rate and term can I get for my home improvement project? Get estimates from multiple pool companies so you have a better idea of what options exist. Your APR may differ based on loan purpose, amount, term and your credit profile. We make memories. We understand that an effective process is one that: Through every business technological advance over the years to each swimming pool innovation, we have stood firm on the principle of helping people get what they want. The information you provide to HFS Financial is not an application for a loan from HFS Financial. A swimming pool can offer hours of enjoyment, and add value to your property. Conditions and limitations apply. 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. It was not disclosed directly to me that they add on this fee, it was slipped into the fine print. APR, terms, and loan amounts may differ based on loan purpose and credit profile. For a better experience, please enable JavaScript in your browser before proceeding. get same day answers, Get instant loan answers OR speak with a loan consultant, Securely upload some basic documents for loan verification, If youre looking for smart, fast swimming pool financing, home improvement loans, or a loan for a backyard renovation project, youve come to the right place at HFS Financial. 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. Before you dig into your pool financing options, you should be clear on what monthly payment you can afford. What credit bureau does Lyon Financial use? 253 followers . Thanks, HFS!, HFS has provided loans for customers in a prompt timely manner for us. Train your sales team to discuss financing with every single client. Conditions and limitations apply. We really appreciate it. Please consider. Lyon Financial also offers a lower interest rate for loans that are used for tuition and fees, while Lightstream does not. Lyon Financial Vs Hfs Financial. ), No origination fees or prepayment penalties. Subject to change. After weve received your application information, one of our team members will be in touch with you. Program unsecured rates start at 12.25%-17.99% terms up to 15 years (NO EQUITY REQUIRED) Personal loan terms generally range from about two to 12 years though some pool loans can have terms up to 20 years or more. I would recommend LendKey Financial backed by Xcel Federal Credit Union. It is being practiced by thousands of pool owners just like you. I was contacted promptly by Adam with answers to my questions. . Term of 30 years requires a minimum FICO of 780. Advertised rates and terms are subject to change without notice. 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. We handle all of the paperwork and process each application quickly and securely. Adam and Jonathan were easy to work with, professional, and courteous. Application process was easy and decisions arrived on-time. However, with HFS Financial, that worry is gone as soon as they visit your website or meet with you in person. Lyon Financial offers financing solutions for swimming pool and home improvement loans nationwide. Whether your company offers a service or provides a product, process is everything. Was searching for a good company to finance a pool project. I would highly recommend this team when looking for a pool loan. HFS has three types of loans available. Financing is offered by third party lenders for pool renovation projects and new pool construction. 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. Interest rates can start around 3% and go up to about 36%. 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. We are a registered 501(c)3 non-profit that is funded by user donations. BBB is here to help. 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. They can afford larger projects, higher quality materials, and dont have to wait on building their project in phases. HFS Financial Home Improvement Lending Made Simple, offering 100% No Monday Down Financing from $10,000-$100,000, equity not required. We hold a steadfast position to never allow a customers credit to take more hits than it should. For over 40 years, Lyon Financial has provided personalized, hassle-free financial solutions to bring backyard dreams to life. 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. You dont have to worry about whether or not a customer will be eligible or if the bank will approve their loan. This quick and convenient button will take customers to your personalized HFS Financial page. Learn how your comment data is processed. A credit score of 600 or higher is generally required to use a personal loan to cover pool fees. Our simple and easy-to-use Check My Rate quickly allows them to get an idea about what their terms will be and estimate their payment. We will arbitrate between you and the contractor, should any conflicts or misunderstandings arise. All loan programs found at www.hfsfinancial.net have no fees or penalties for prepayment. 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. Unlike other types of loans, the payback period on this type of loan typically lasts two to ten years, and monthly payments are lower. 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. Your APR and monthly payment may differ based on loan purpose, amount, term, and your credit profile. 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. Will I have any hidden costs associated with my loan? Benefits of working with HFS. Conditions and limitations apply. 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.. HFS Financial specialize in helping homeowners with loans to finance a new swimming pool, outdoor kitchen . As we head into another busy season, if you are not on board yet, then now is the time to take advantage of this successful program. Instead of only learning the overall project price, they can focus on the monthly price and make quicker decisions. While we are located in Maryland, we do conduct business in all 50 states. Does contractor financing impact my credit score? To see if you qualify, call Lyon Financial at 877.754.5966 or apply online today. You may be able to use a competitors lower offer to get a lender to reduce their offer even further. There may be different income requirements for different lenders. This data includes information on creditworthiness, employment history, and other financial factors. Lyon Financial: Our Pool Loan Process & Frequently Asked Questions Swimming Pool Financing: What to Know and Best Pool Loans The interest rate on these loans is higher than on other types of loans. Privacy Policy and Terms of Service Gone are the days of bank approvals and outrageous credit card interest rates. For Customers. Dont forget that we also specialize in helping our clients secure home improvement loans too! Easy to apply. We rely on the expertise of TransUnion, but our lenders may use any of the Big Three reporting bureaus: Equifax, Experian, and TransUnion. HFS is our top choice for financing. 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. They offer incentives ranging from 20-year loan terms to electronic documents and rapid approval. Lyon Financial has specialized in swimming pool financing since 1979, making them leaders in their field. Pool Financing - Ask the Pool Guy People seem to really like the company and appreciate the service they provide. Talk with pool builders to get estimates on the total cost of your desired pool project. When a customer sees just how little their monthly payment could potentially be, many customers choose to increase the scope of their project. 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. You will get much more visibility by. LIghtstream was EASY. APR, terms, and loan amounts may differ based on loan purpose and credit profile. 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. Anyone can write a Trustpilot review. 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. The builder is paid in stages, according to the progress of the project. Every customer can rest assured that when they choose your contractor financing, they are getting a reliable and secure solution from a trusted partner. I would definitely recommend HFS to anyone needing a home improvement loan. Look no further than HFS, their team is simply the best!, We love sending our clients to HFS. Thats where our excellent customer service begins. You can easily incorporate contractor financing into your sales process without any hassle or additional work on your end. It is common for borrowers with low credit scores to have lower interest rates, though this is not always the case. You can finance a pool over 20 to 30 years, depending on the type of financing you secure. We are clear and upfront about every aspect of your loan. FICO score of 850 required for 4.99% APR. The company has been in business for over 20 years and is headquartered in California. You can get loans from $1,000 to over $200,000 to fund simple above-ground pools or elaborate in-ground pool projects. HFS Financial Reviews | Read Customer Service Reviews of hfsfinancial.net Subject to credit approval. Your APR may differ based on loan purpose, amount, term and your credit profile. 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. 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. Lyon Financial | Better Business Bureau Profile Lyon Financial recognizes that there may be differences in interest rates based in loan amount, credit history, geographic location, and other factors. We are financing experts who provide the means to fulfill your backyard dreams. Approved within hours. Their well-earned reputation is hard to deny! Here are some of the other reasons homeowners like working with HFS. By using this data, businesses can make more informed decisions . Here are 8 tips for writing great reviews. This place charges a $800 origination fee on home improvement loans. All customers have to do is make their payments as scheduled and enjoy their new home improvement. 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. How many years can you refinance a pool for? As soon as the hard inquiry has been completed, a lender will provide you with a pre-approval. 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. I had the loan open a month, and this fee was added on top of interest. Lyon Financial acts as an Account Manager and is not a lender or a broker. Every day, over 90,000 businesses use Birdeye to get more reviews and manage all customer feedback. Personal loans ranging in size from $20,000 to $25,000 are available from a number of lenders. The teams are VERY proactive throughout the entire process to ensure we were on track with our project. That makes the APR on their fixed rate of 6.75% about a point higher. Loans 100% Up-Front All information is subject to change without notice. BBB Business Profiles generally cover a three-year reporting period. Two companies we have relationships with are HFS Financial and Lyon Financial. How the Lyon Financial Pool Loan Process Works, A Look at Rates & Terms for Signature Loans, Our Pool Loan Process & Frequently Asked Questions, How to Elevate Your Pool with Water Features, How to Keep Some Summer in Your Winter: Hot Tubs, Announcing 20-Year Terms on Signature Pool Loans, Pool Trends: Five New Pool Construction Materials, How to Find the Pool Shape That Suits You & Your Back Yard, The Top 6 Dos & Donts of Pool Maintenance, What to Ask Yourself Before You Build a Pool, Considers the big picture but accounts for all the small, supporting details, Clearly outlines every phase and every step within those phases, Makes room for adjustments based on client feedback, Is adhered to consistently by all employees, Includes a strong structure to communicate the progress of the process. So easy to work with and great communication. Amounts from $50,000 to $200,000 This post on Budget Planning may be helpful. They are very fast to process new applications and respond promptly to all questions and emails. Give them a shout, they are very responsive and the client controls the funds. Quick online application. HFS's platform loans are . I worked with Jason Sidle for my loan. Nicole Dow is a senior writer at The Penny Hoarder. Lyon Financial Google Reviews are very positive. When a company has such a focused vision, it is easy to cut through the clutter to get the job done. 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. HFS Financial recognizes that there may be differences in interest rates based on loan amount, credit history, and other factors. Conditions and limitations apply. Once the loan documents are signed and returned to Lyon Financial, the builder is given a clear to start and construction can officially begin. Hello , This is an inactive thread. Lyon Financial recognizes that there may be differences in interest rates based in loan amount, credit history, geographic location, and other factors. 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. No ones score should be impacted that dramatically. These loans have a shorter term but can be repaid very quickly. Overview Lyon Financial offers financing solutions for swimming pool and home improvement loans nationwide. This type of financing is the same as applying for a personal loan or pool loan. As a nationwide provider of swimming pool and home improvement loans, were able to access a wide array of financial programs. No more waiting on a bank to approve them or sending in paperwork to apply. Financing - Nails Creek Can I Offer Contractor Financing for ADUs? #Available on approved credit, not all will qualify. The company acts in the capacity of a financial consultant, and partners with a network of lenders to provide multiple loan offers for pool construction projects. Thanks again. Low-Fixed Rates 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. Contact any Key Bank Branch office in Michigan to apply. 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. Did mine through HFS Financial..unsecure loan at around 7% APR took a total of like 3 weeks. We just had to submit everything they asked for. Adam walked us through the process, was extremely responsive and made everything relatively painless for us. 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. Who doesnt love a relaxing dip in the swimming pool on a sweltering, hot day? 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. You wont be required to submit a credit check because these loans are pre-approved and have a lower interest rate. Youll only need additional staff when your business starts to grow in other areas because contractor funding has earned your additional customers and projects. Once they enter their preliminary information, one of our amazing customer care team members will be in contact with them quickly to let them know their loan options for their project. 2023 The Penny Hoarder. He was a great communicator & the loan process was super smooth. 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. Give us a call or visit us to get started today. Here are just a few things you can expect. This experience was amazing. on after all.. Lyon Financial and Lightstream are both companies that offer private student loans. Most credit cards only offer zero-interest periods for the first 12 to 21 months. Does anyone have any recommendations on pool loan companies with competitive interest rates? And, Do you think adding a custom pole barn to your homes property would be a great asset? By discussing financing with every client, your sales grow while your clients get the features theyre dreaming about! Most people who have used this company report satisfaction with the process and the loan itself. Thanks again., We have been working with HFS Financial for a few years now with our clients. Some affiliates of Lyon Financial may offer a rate discount via AutoPay. Couldn't have been easier. Get Paid on Your Draw Schedule, not the Lender's. Get Automated Updates on All Your Customers. If youve built up a ton of equity in your home and want to spread your debt payments over a lot of time, you might lean toward a home equity loan or HELOC. With your handy web widget from HFS Financial, youll be the one-stop shop for your customers. Here at HFS, we dont only exist to help homeowners find financing to bring their dreams to life. Did you pay that fee? It can be difficult to get approved by Lyon Financial due to the companys strict standards. However, if you have good credit and meet all of the requirements, you should have no problem getting approved. We can extend for additional time as needed to complete the pool project, as long as no major changes to credit have been made. Pool Rx works with Lyon Financial and HFS Financial to offer pool financing options for you to finance your backyard dream. More than just a pool loan, because it's so much more than just a pool. What Are the Benefits of Offering Financing to Every Customer? You could also check local credit unions for better rates. The process was painless and fast. Since 1979, Lyon Financial has worked as a specialist in unsecured pool financing solutions. Well guide you through the process. 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. Theres almost no limit to what customers can finance through contractor financing for their residence. | Do Not Sell My Personal Information Our Contractor Resource Center has your widget ready for download. The lowest interest rates are reserved for those with excellent and substantial credit. I had a two Home Improvement loans with HFS and they are the BEST. BBB Business Profiles are subject to change at any time. We use cookies to optimize our website and our service. That lender in turn runs their own check. Highly recommend! HFS Financial offers low fixed rates and flexible payment options with terms up to 20 years. Your email address will not be published. I called Lyon Financial today, the lady I spoke to said that they shop your credit score with 6-8 companies to get you the best loan option out there. 15 Year Term 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. 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. Its not a best practice and its in the worst interest of the client. Each program pays in at least three stages, from excavation to project completion (as defined in the contract). Close the deal by simplifying the lending process. 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. Thats how much PoolCorp has helped finance in less than 10 months with our LightStream Unsecured Consumer Financing Program. 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. In less time than any other home improvement loan process, well have you connected with the project financing you need. With HFS, you can rest assured you will be provided with industry leading loan terms and the best customer service experience possible. BBB Business Profiles may not be reproduced for sales or promotional purposes. *Available on approved credit, not all will qualify. With HFS Financial, your clients dont have to jump through hoops to find their loan and can get started on their project more quickly. 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. 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. 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. As a matter of policy, BBB does not endorse any product, service or business. The infamous small print where all the scary stuff tends to be hidden; thats not how we roll. Each pulls their own credit report on the customer, resulting in many unnecessary hits. 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. Here are some ways that offering financing can help your business grow. With HFS Financial, they can start the financing conversation without worry about how checking on financing will impact their credit score. HFS will check your credit report and income when you apply for a loan. If the client has said they would like to keep their monthly loan payments under a certain amount, and the Check My Rate tool estimates their payment is under that, thats the perfect chance for your salesperson to say, Looks like you can afford to add that kitchen island (marble counter, oak flooring, built-in spa, pool houseyou name the upgrade!) Funds are typically dispersed within 48 hours. Some other things that make us stand out: This is probably our most frequently asked question. Thats right no stage funding. Lyon Financial Lyon Financial Lyon Financial. . Once approved and the loan is closed, they can usually expect their funds within the week and the project can begin on your schedule. Because of their high interest rates, credit cards are usually not recommended as options for financing a new swimming pool. Representatives have always quickly responded to us as well as our customers, answering any questions that we have., When our prospective clients tell us they need financing for their pool projects, we strongly recommend the contact HFS.