And if you dont have tens of thousands of dollars upfront to spend on a pool construction project, theres always pool financing. By offering financing through HFS, you speed up the process and put the power in your customers hands to find out their loan terms quickly. 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. Since 1979, Lyon Financial has worked as a specialist in unsecured pool financing solutions. 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 particularly enjoy the quick turn-around times for the loans and the excellent communication we receive. Once the loan documents are signed and returned to Lyon Financial, the builder is given a clear to start and construction can officially begin. 6.99% (good credit) and 4% lender processing cost rolled into loan. HFS Finacial experts, The Pros and Cons of Adding an Accessory Dwelling Unit. Lyon Financial works with Central Bank to provide qualified borrowers with unsecured pool financing. What Credit Score Does Lyon Financial Use - tourisme83.com Lyon Financial | Better Business Bureau Profile With a HELOC, you can pull out funds as needed to finance your pool construction and other home improvement projects. I also used hfs financial which brokered the deal to a credit union for a fee of 1500.00 if I remember correctly. 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. 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. 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. It is also possible that lenders have income requirements that differ from one lender to the next. 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! During regular business hours we answer the phone every time! A cash-out refinance might make sense if youre able to get a lower interest rate than your current mortgage. No. Tourisme83 is both a tourist guide of the Var, but also a directory. The final step to get your pool project financed is to complete any additional paperwork and sign off on the dotted line. Lyon Financial - A Trusted Financial Services Company Advertisement. Application process was easy and decisions arrived on-time. So easy to work with and great communication. Krystie proactively sent us updates on process and projected timelines and never left us wondering exactly where we were at any given point. A swimming pool can offer hours of enjoyment, and add value to your property. People seem to really like the company and appreciate the service they provide. The benefit is that you get a one-stop-shop experience instead of having to reach out to lenders individually. Conditions and limitations apply. It is common for borrowers with low credit scores to have lower interest rates, though this is not always the case. So happy to work with them and would recommend to anyone. 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. HFS financial is the perfect partner for getting a swimming pool loan and it's not a complicated, time consuming process. Adam Sidle and Krystie McMahon were an awesome team and great from start to finish. The downside is that you could potentially miss out on a better deal by only getting quotes from the pool companys partnered lenders. 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. With HFS Financial, your clients dont have to jump through hoops to find their loan and can get started on their project more quickly. Local Contact, Brighton, MI: Terry Tipton 810-494-4888, terry_e_tipton@keybank.com. Your credit score may take a dip after taking on new debt, but it should rebound as you make regular, on-time payments. Subject to change. When you offer financing through HFS Financial, it comes complete with one incredible perk its completely free to you! We rely on the expertise of TransUnion, but our lenders may use any of the Big Three reporting bureaus: Equifax, Experian, and TransUnion. Very easy to work with and fast approval. There are a few key differences between Lyon Financial and HFS Financial. Easy to do business with. Please don't hesitate to contact us for financing assistance at (904) 223-4050. 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. However, there can be situations where itd make sense. Nicole Dow is a senior writer at The Penny Hoarder. After working with contractors for so long, we know what a game-changer that is. The builder is paid in stages, according to the progress of the project. Simply put, you provide the financing service through your partnership with HFS Financial, and we connect your customers with the right loan for their needs. 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. For more information visit HFS Financial. Pool construction typically costs anywhere from $17,971 to $46,481 with the average cost being around $32,059, according to HomeAdvisor. 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. With direct-to-consumer financing through HFS, customers have complete control of their money. 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. We also look for any recent negative marks, such as bankruptcies or tax liens. The worlds cultural corporate capitals: where best combines art and business? Lyon Financial Google Reviews are very positive. Additional benefits of financing with HFS Financial: No Impact on Credit to Apply With HFS Financial, you dont need to worry about hiring additional accounting staff to handle loan paperwork or collect on loans. Exact interest rate determined by credit profile. We hold a steadfast position to never allow a customers credit to take more hits than it should. Advertised rates and terms are subject to change without notice. Privacy Policy and Terms of Service 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). Maximum loan amount of $75,000. I dont remember the loan type but I know we did not have any closing costs. Customers can get approved funds fast, so they can start their project on time. The company is a member of the Better Business Bureau and has an A+ rating with the organization. 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. To download promotional materials or a widget for your website, visit our Contractor Resource Center. We offer the LONGEST terms in the industry, Lyon Financial imposes NO prepayment penalties. A credit score of 600 or higher is generally required to use a personal loan to cover pool fees.

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