It is a big financial investment, but its also a huge quality of life investment. Lyon Financial offers Swimming Pool and Backyard Living loan amounts of up to $500,000. Unlike many banks and credit unions, our experience is unique to swimming pools, not just any type of loan. That's when we discovered the power of multifamily real estate investments, which allow us to create passive income and build wealth for our families, all while making a difference in local communities. A: We offer lending solutions for your swimming pool and/or home improvement project and will match your request with a program that fits your budget. The disadvantage is that if housing prices fall and your homes value decreases, you could end up owing more than what your home is worth (known as being underwater on your mortgage). Building a pool is often an expensive proposition, however, as its one of the most costly home improvement projects that a homeowner can tackle. We also looked at factors that could impact a borrowers eligibilityminimum credit score requirements, for instance. Some affiliates of Lyon Financial may offer a rate discount via AutoPay. Youll also need to have some collateral to put up against the loan. Additionally, Viking Capital offers fixed-rate loans, which can give you peace of mind knowing that your interest rate will never increase. Fast, accurate and truthful information. Their no fee and no obligation service to find the right lender for you is the reason why they are the leaders in the pool industry. With backyard pool costs rivaling the price of some luxury cars, this renovation project may seem like a pipe dream. COMPARE POOL LOAN COMPANIES Visit the three websites below to compare pricing, and loan terms, for your new pool. We've come across this loan with a 12 year 7.99% (decent for an unsecured pool loan), and no prepayment penalty, but the credit aspect seems suspect and fishy.. What's the catch here? APPLY AT LIGHT STREAM FINANCIAL. Rates as low as 8.49% Terms up to 20 Years Loans up to $225k** Scores as low as 650 (*see details below) Complete The Application Form Lions 24-28 Vikings (Sep 25, 2022) Final Score - ESPN Youre in control of the loan process with LightStream. The first step is to find a lender who works with people in your situation and compare their offers. Lyon Financial was incredible to work with. Applicants are eligible for a free financing consultation and advised of all their loan options and pertaining details with no obligation and based on a soft credit pull that will not hurt their credit. Here, Jackson Pools has comprised a variety of resources to answer some common questions and help home and business owners understand what to expect from the pool construction process. There was never high pressure sales on anything like that. Financing - Carnahan Pools & Landscaping Lyon Financial. The unsecured LightStream loan has no fees or prepayment penalties. Talk with different lenders about what might work best given YOUR unique financial situation before making any decisions . 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. Great Service - you will feel like the valued customer that you are. I listened to him He was patient he would check my debit to credit ratio and explain where I was currently and where I had to be in order to get approved. Viking Capital was the answer to our dream of adding a pool to our backyard living environment. Email. Always very easy to work with. Our pool company wasn't set up in our system but he was able to get them set up in a timely matter so we Super simple process. I would highly recommend them to anyone. The model has simulated Vikings vs. Lions 10,000 times and the results are in. Our investments in technology keep your You should also look at things like fees (origination fees, prepayment penalties), repayment terms (how long do you have to pay back the loan? FICO score of 850 required for 4.99% APR. Loan length can have a major impact on a borrowers monthly paymentfor instance, a 10-year pool loan will be stretched out over more installments compared with a 3-year loan of the same loan amount, resulting in lower payments each month. Call our in-house pool experts, and we ill help you make the best decision for you. Heres how it works: first, enter the amount of money you need to borrow for your Viking pool. Why It Made the Cut: SoFi supports various financing optionssuch as same-day funding and payment defermentfor eligible borrowers. Its also important to remember that just because you have bad credit doesnt mean you should accept the first loan offer that comes your way. Loans for non-pool/standalone home improvement projects may incur different rates and terms based on loan purpose. In fact, homeowners may receive the lowest pool loan rate possible using LightStreams Rate Beat Program, which pledges to beat any competitors APR by 0.1 percentage points. home containur-pools Viking-Capital-Military-Flyer hfs-consumer-backyard American-Heritage-Pool-Corporation-CA-Custom-Flyer. A: We look at your overall credit health, including your credit score and debt-to-income (DTI) ratio. We may earn money or products from the companies mentioned in this post. Such discounts could be an important factor to consider when looking at each lenders APR ranges, as eligible borrowers may be able to lower their rate and save some money on their pool financing. We have our loan with Lyon Financial and are very happy with their services as well as their outstanding customer service. Generally, youll need a credit score of 620 or higher to qualify for pool financing. Solved! What is a Bad Credit Score? Last. The main advantage of personal loans is that they usually have lower interest rates than other types of loans (like credit cards). Lyon Financial is a broker, which means they connect borrowers with multiple lenders. Concord Pools partners with Viking Capital to offer highly desirable financing options. Learn More Of course, our friendly and knowledgeable specialists are always just a quick phone call away to provide updates or answers to any questions you may have. 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. With dedicated pool loans, personal loans, home improvement loans, and home equity loans all on the table, it can feel a little overwhelming at times. Some of the other highlights of working with Lyon Financial: Loans up to $150,000 . L. This loan is best suited for businesses that have been in operation for at least two years and have annual revenues of at least $100,000. 65,000 at 12 years at 7.99% This loan is our most popular because it offers excellent terms, is okay for people with special* circumstances and includes staged funding, where payments are made in installments as the pool is built. You have 6 months from the approval date to use the shopping pass to pay for the pool and any extras you have purchased through your pool builder. Financing Your Pool With Paramount Capital. Birdeye helps millions of local businesses to be found online with all their reviews and accurate business information. Contact Jeff today for more information or to get started: Jeff Miller, VP, Sales and Business Development The lender provides pool installation funds through personal loans, so loan amounts are capped at $40,000. What Type Of Loan Are You Looking For? The total cost of a loan was an important consideration as well, which is why we weighed discounts and fees in addition to each lenders annual percentage rate. Viking Capital. There are lenders who work with people with less than perfect credit and can offer loans with more flexible terms. Lenders will use your credit score to determine your likelihood of defaulting on the loan. Make sure to read the fine print and understand all the fees and charges before signing any paperwork. Highly recommend them. Every team member has the determination and know-how to provide you with a 5-Star worthy experience. Lyon Financial does not do a hard inquiry. But some people might prefer to tap into their home equity rather than take out a dedicated pool loan. Ryan Harris was our Viking Capital representative and we couldnt have been luckier. Working with a single lender for all of their financing needs may be convenient for some homeowners who would prefer not to keep track of multiple loans with different lenders. Homeowners with strong credit scores and little debt will have more options to consider, but there are easy pool loans with minimal credit score requirements available for people with fair credit to qualify for as well. All loan decisions are at the discretion of our lending partners. Repay your fixed-rate home improvement loan in as little as two years, or take up to 12 years. One of the best Financial Services, Finance business at 118 Morlake Dr Suite 202, Mooresville NC, 28117 United States. Then youve come to the right place! I was so impressed a REAL human being (Karen) always answered the phone and directed me to proper person. explained everything and answered all my questions. 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. Ready to get started, click the button below to request a fee consultation! 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. Sunmark Credit Union Once the loan is secured, Viking Capital stays connected to the borrower, the builder and the lender to answer questions, provide status updates and ensure the funding process goes smoothly. Ideally, we like to see a DTI of 50 percent or less (including the amount of the loan you're requesting). 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. Business Details Location of This Business 118 Morlake Dr STE 202, Mooresville, NC 28117-9540. When it comes time to apply for a pool loan, homeowners may prefer an application process thats quick and easy to complete. We may earn revenue from the products available on this page and participate in affiliate programs. The Best Pool Loans of 2023 - Picks by Bob Vila Lending Uncomplicated. Qualifying for a loan with bad credit can be tricky, but its not impossible. This expertise is reflected in various aspects of the companys loan options, which are geared toward the logistics of financing backyard pools. The Runner-Up award goes to Lyon Financial because the lender specializes in this particular type of financing, offers low APR options, and provides lengthy loan terms. LightStream offers pool loans at very competitive rates, with eligible borrowers potentially receiving an APR as low as 4.99 percent. The information you provide to Lyon Financial is not an application for a loan from Lyon Financial. This could save you thousands of dollars over the life of the loan. ), and whether or not the lender offers flexible repayment options (like making extra payments without penalty). While many pool loan companies deposit funds directly into the borrowers bank account, some will want to send funds directly to the contractor. There are many loan calculators available online, but we recommend using the one from Bankrate.com. All rights reserved. Reviews | Viking Capital Home Improvement & Pool Financing If you have bad credit, you may think that you cant get a loan to finance your pool. Do you have a project in mind? Home: Products. This can be in the form of property or other assets. Loan amount $50,000Rate 7.99%Term 20 YearsMonthly payment $418/mo. By taking all of these factors into account, you should be ableto find the best loan for your needs. Subject to change. We greatly appreciate the opportunity to earn your business! Highly recommend! Because financing a pool installation is such a large investment, Lyon requires homeowners to submit a scope of work before funds will be disbursed. This can make it difficult to qualify for traditional loans from banks or credit unions. Robert our consultant was great. 118 Morlake Drive . Some lenders focus exclusively on pool loans, which can provide peace of mind to homeowners, knowing that their financing terms are geared toward pool installations. SoFi can also provide same-day funding in some cases, helping many borrowers get their pool installation funds as quickly as possible. @media screen and (min-width: 600px) {div#wprev-slider-1{margin-top: 10px;}div#wprev-slider-1{margin-bottom: 10px;}}@media only screen and (max-width: 600px) {div#wprev-slider-1{margin-top: 10px;}div#wprev-slider-1{margin-bottom: 10px;}}#wprev-slider-1 .wprevpro_star_imgs{color: #FDD314;}#wprev-slider-1 .wprsp-star{color: #FDD314;}#wprev-slider-1 .wprevpro_star_imgs span.svgicons {background: #FDD314;}#wprev-slider-1 .wprev_preview_bradius_T1 {border-radius: 0px;}#wprev-slider-1 .wprev_preview_bg1_T1 {background:rgb(34,34,34);}#wprev-slider-1 .wprev_preview_bg2_T1 {background:;}#wprev-slider-1 .wprev_preview_tcolor1_T1 {color:#ffffff;}#wprev-slider-1 .wprev_preview_tcolor2_T1 {color:#000000;}#wprev-slider-1 .wprev_preview_tcolor1_T1 {font-size:18px;line-height: normal;}#wprev-slider-1 .wprev_preview_tcolor2_T1 {font-size:16px;line-height: normal;}#wprev-slider-1 .wprev_preview_bg1_T1::after{ border-top: 30px solid rgb(34,34,34); }#wprev-slider-1 .wprs_rd_more,.wprs_rd_less,.wprevpro_btn_show_rdpop{color:#f4f4f4;}#wprev-slider-1 .wprev_preview_tcolor1_T1 { color: #ffffff; font-family: Montserrat; line-height: 1.5em; } a.wprs_rd_more { color: #fff!important; text-decoration: underline;} .wprevpro_t1_SPAN_5 {float: left; }. This way, homeowners can feel confident that their contractor has the expertise, background, and skills needed to build a structurally sound pool and stay on schedule. Borrowers with strong credit may qualify for an APR in the single digits, but pool loan rates can go much higher, especially for homeowners who are using a personal loan. We couldnt have. And finally, dont forget to factor in the costs of installation and ongoing maintenance when budgeting for your new pool! With their easy-to-use platform and quick approval . There are other options available if you have bad credit and want to finance a pool. Easy, done. Robert our consultant was great. 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. Viking Capital is the rare lender that specializes in pool loans, which may appeal to homeowners who want to work with a company that understands which financing terms make the most sense for. Through our exclusive lenders, we offer financing solutions for swimming pool and home improvement projects nationwide. Viking Capital, Inc. | Financing For Swimming Pools & Home Improvement Viking Capital has been operating since 1999, working with contractors nationwide to help pair homeowners with the best financing options available. While some companies provide pool financing through personal loans or home improvement loans, Lyon Financial extends dedicated loans for the express purpose of funding pool installations. For instance, eligible borrowers could qualify for a loan amount as high as $225,000, which is extremely high for this type of financing and would allow them to secure the funding for all but the most expensive pool installations. Please wait while flipbook is loading. We use cookies to optimize our website and our service. They were easy to work and had everything completed quickly. If youre considering a pool loan, you may be wondering about the difference between Viking Capital and Lyon Financial. Lyon announced today that on May 7th, a joint venture between newly-formed Lyon Capital Partners, LLC, (formerly Echelon Capital) and Revere Finance closed on the acquisition of substantially all of the assets of Lyon Workspace Products, LLC, and its affiliates. Thank You for all your help. HFS has one-of-a-kind loan programs and world-class service as shown by 1,500 + 5-star Reviews. Why Choose Viking Capital for Swimming Pool Financing? 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. Monthly payment amounts are for demonstrative purposes only and are not guaranteed to match final payment amounts for all borrowers. I was able to get the problem fixed and get a 2% better loan rate and improve my credit score because of this education. Our loan options are unsecured, meaning there are no appraisals or equity required. The program offers low-interest loans of up to $250,000 for qualified businesses. Very easy to sign all the paperwork. Pool Financing at Swim Incorporated - Pool Contractor in Sarasota We use the after improved appraised value and go all the way up to a 95% loan to value. I was almost ready to give up on the possibility of getting a pool but Ryan worked with me for months. Your Viking Capital Loan Representative will go over all your loan options and their respective terms and payment amounts. If you have good credit, you may be able to qualify for a low-interest rate loan. Multiple Loan Options - including 10 and 12 year loans only available through Viking Capital. Swimming Pool Financing in Forney and Rockwall | Pool Xperts * Loan terms and availability vary based on borrower qualifications and are subject to change without notice. A member of our loan team will personally review your application, ensuring you are paired with the best program for your needs and qualifications. This ensures that the contractor is receiving the appropriate payments in the appropriate increments. Another option is a home equity line of credit (HELOC). Learn more about Birdeye, SEO for small business 2021 - Online reviews are the latest strategy. Cash-out refinances typically have higher interest rates than traditional mortgages but can still be cheaper than taking out separate loans for these larger expenses. Installing an inground or above-ground pool can be a great way to beat the heat during the dog days of summer, entertain guests, and relax after a long day of work. LYON Financial. Getting pre-approved for financing before finding a pool can help make the process smoother and give you a better idea of how much money youll be able to borrow. * Loan terms and availability vary based on borrower qualifications and are subject to change without notice. A HELOC is basically like a second mortgage on your home; it uses your home equity as collateral, which gives lenders some security if you default on the loan. Assessing an applicants credit history can help lenders minimize risk by weeding out potential customers who have struggled to keep up with debt in the past. Consulting a pool loan calculator could help homeowners determine how much a particular loan will cost when its all said and done. Full consolidated financial statements for the year ended December 31, 2022 and 2021 and related MD&A for the same period can be found at www.sedar.com and the Company's website at www . Home- Passive Real Estate Investing If you can meet all of these requirements, then you should be able to get approved for a loan from a Viking capital pool. Need financing? You will also only be responsible for paying back the principal amount of the loan plus interest. Home | Sway Pools Here's a closer look at Viking Capital vs Lyon Financial: Viking Capital is a direct lender, meaning they provide financing directly to consumers. We strive to be a trusted employer, business partner and service provider and to conduct business with transparency, integrity and fairness. Your assigned loan consultant (your go-to person) will contact you shortly to discuss your loan options. To continue the process of Financing for your pool, we will redirect to a website outside of OC Poolscapes.Lyon Financial & Viking Capital are not affiliated with OC Poolscapes, but we do have a finance partnership.To get started on the financing process, click the link below for either Lyon Financial or Viking Capital and submit your customer information. Once the loan is secured, Viking Capital stays connected to the borrower, the builder and the lender to answer questions, provide status updates and ensure the funding process goes smoothly. Then, enter the interest rate and loan term (in years). Viking Capital HFS Financial Lyon Financial Your Bank or Credit Union Click the tabs to the right to learn more about each financing option. How much can you afford to borrow? For many people, taking out a loan to finance the purchase of a swimming pool is a great way to enjoy all the benefits of having a pool without having to pay the entire cost upfront. A third option is called a cash-out refinance which allows homeowners to refinance their existing mortgage and take out additional cash in order to pay for things like renovations or college tuition expenses. The underwriter will review your entire credit profile, past payment performance, and experience with large secured and unsecured loans. After 40 years in the business, we still put people first. *Available on approved credit, not all will qualify. You need JavaScript enabled to view it. However, if you still don't see what you're looking for or require further information, contact us directly at 877-754-5966 and one of our friendly and experienced specialists will be happy to assist you. With 43 years of experience and over half a million satisfied customers nationwide, let Lyon Financial help bring all your backyard dreams to life! Contact. If the pool builder of your choice has not worked with us before, there is a brief setup process. Lyon Financial has a wide variety of loan products to choose from, so you can find the perfect fit for your needs. Exactly the way it should be. Borrowers can further reduce their interest payments by taking advantage of the lenders autopay discount, which can lower a loans APR by 0.5 percentage points if the customer enrolls in autopay. Lyon emerges from bankruptcy - Modern Materials Handling Homeowners who are anxious to get started on their pool installationif they have a contractor ready to begin work, for instancemay not want to wait too long to hear back about their application status. Viking Capital Pool Loan Credit Requirements APPLY AT LYON FINANCIAL. This feature could provide some breathing room for customers who need a little time to sort out their finances and get back on their feet. Swimming Pool Financing: What to Know and Best Pool Loans Our swimming pool loans are designed to spread the cost of the project over many years, so the monthly payments are affordable. Can't say enoughThank you, ******* (and crew) for making this process a pleasant one!! Contact us today! Lyon Financial has a very helpful staff,customer service always answers phone calls and questions or directs me to the right person.Best choice i could have madeHighly recommend them. Lyon Financial | Better Business Bureau Profile * Indicates required field. Once the loan is secured, Viking Capital stays connected to the borrower, the builder and the lender to answer questions, provide status updates and ensure the funding process goes smoothly. You can also contact her on Facebook, and Instagram. Here are some things to consider if youre looking for a pool loan with bad credit. No Hassles - No Excuses - Quick Answers. We gave our Best Overall award to LightStream due to its low starting APR, autopay discount, Rate Beat Program, and same-day funding option. AMS Financial : Viking Capital: Lyon Financial: Lightstream. 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. Taking advantage of this network can also help customers spend less time searching for one of the best pool installation companies. The low rates and longer term loan options offer more affordable monthly payments. Viking Capital Pool Loan Credit Requirements are fairly simple and straightforward. #Available on approved credit, not all will qualify. A: We work across the 48 contiguous states of the United States. Dominate search results. Voted Best Service by Capital Region Living readers, we put our members first with unique products that make life easier. The loan allows business owners to access up to $2 million in funding, with interest rates starting at 4%. Renovations. Your credit score is one of the most important factors lenders will consider when determining whether or not to approve your loan application. In return for setting up automatic payments on their accounts, borrowers may be able to shave a certain amount off their APR, which would mean owing less interest over the life of the loan. . Sophia Anthony is a freelance writer and blogger, covering health and fitness topics through visual representation. $$ info@poolloan.net Closed now 9:00 AM - 5:00 PM Loan Service vikingcapitalinc Photos See all You'll feel like the valued customer you are. Visit Lyon Financial for More Information, Visit Viking Capital for More Information, Visit Sunmark Credit Union for More Information, Both fixed and variable interest rates available, Borrow up to 100% of homes appraised value, No application fee or pre-payment penalty. Expert recap and game analysis of the Detroit Lions vs. Minnesota Vikings NFL game from September 25, 2022 on ESPN. A: No, all of our services are absolutely free to builders. time with each and every customer. We are proud to offer these great loan options Lyon Financial offers financing solutions for swimming pool and home improvement loans nationwide. Your contractor charges your shopping pass at milestones stated in your pool contract with a required 30% draw at completion. Never any problems. We have been wanting to build a pool for many years and now that we have pulled the trigger we need a good loan company. Federally Insured by NCUA Equal Housing Opportunity. If so, you may be wondering about the best way to finance this project. She is very passionate about general health and beauty. It is a big financial investment, but its also a huge quality of life investment. Depending on a homeowners circumstances and what theyre looking for in a pool loan, some lenders may stand out more than others.
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