https://www.revolutionreport.net/author/sophia-anthony/, This Site Is A Participant In The Amazon Services LLC Associates Program, An Affiliate Advertising Program Designed To Provide A Means For Sites To Earn Advertising Fees By Advertising And Linking To Amazon.Com. 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? What is your credit score? I would highly recommend them to anyone. One of the best Financial Services, Finance business at 118 Morlake Dr Suite 202, Mooresville NC, 28117 United States. AMS Financial. Here's a closer look at Viking Capital vs Lyon Financial: Viking Capital is a direct lender, meaning they provide financing directly to consumers. Conditions and limitations apply. Homeowners with higher credit scores are more likely to be approved for a pool loan and be offered better loan terms, such as lower interest rates. Viking Capital was the answer to our dream of adding a pool to our backyard living environment. If so, you may be wondering about the best way to finance this project. >>> Lyon Financial >>> HFS Financial >>> Viking Capital Once homeowners have decided which option is best for them, they can reach out to their lender of choice to see what the next steps are to get a home improvement loan for a pool. Submit your loan application and Viking Capital helps you select the best loan for your needs and qualifications. 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. We have invested in state-of-the-art technology to keep your information secure and to make our process as efficient as possible. How to Qualify for a Pool Loan with Bad Credit He was responsive, knowledgeable and clearly a subject matter expert in his field and the best part, no high sales pitch or pressure! We fit you with the best for your needs and qualifications. However, there are lenders who specialize in loans for people with less than perfect credit. For instance, Lyon offers loan terms ranging from 12 years to 25 years, giving borrowers ample time to repay their loan amountwhich can be as high as $200,000. Youll also need to have some collateral to put up against the loan. 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. HomeFlex100 Line of Credit allows for flexible options for those with little or no equity, borrow up to 100% equity. Includes family by adoption and marriage). Conditions and limitations apply. 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. A: Most fundings involve paying the pool builder directly in stages, according to the progress of the project. Great Service - you will feel like the valued customer that you are. Talk with different lenders about what might work best given YOUR unique financial situation before making any decisions . We would love it if you could tell us what you think. Find Reviews, Ratings, Directions, Business Hours, Contact Information and book online appointment. Exactly the way it should be. Companies that dont treat pool financing as a dedicated loan product may require borrowers to pay back their loans in a much shorter time frameas little as 2 years in some cases. And finally, dont forget to factor in the costs of installation and ongoing maintenance when budgeting for your new pool! When shopping around for quotes, be sure to inquire about any origination fees or prepayment penalties so there are no surprises down the road. Your Viking Capital Loan Representative will go over all your loan options and their respective terms and payment amounts. With an ARM, your interest rate will fluctuate over time along with market rates. Your APR may differ based on loan purpose, amount, term and your credit profile. Subject. As long time members of the community, we try to do whatever we can to help our customers get the pool of their dreams. 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. However, some lenders may require a higher score, such as 700 or 720. Lyon Financial, financing available 877-754-5966. lyonfinancial.net. Very easy to sign all the paperwork. A higher credit score indicates a lower risk of default and makes you more likely to be approved for financing. The model is leaning Over, and it says one side of the spread has all the value. Some borrowers may qualify for an APR as low as 4.99 percent, which can help save them money on interest over the length of the loan. The average cost of an inground pool is $51,833, and prices could go even higher depending on the pools design, size, and materials. Central Bank Light Stream Viking Capital HFS Financial Lyon Financial Credit Union Apply online for a secured pool loan with Central Bank. Find out how easy a pool financing could be from the company who knows pools inside and out! Loans up to $75,000 Apply Viking Capital. We don't have enough equity in our home to take out a HELOC, so we're looking into pool specific loans. 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. Swimming Pool Loans Desirable loan options and personal attention every step of the way! Every team member has the determination and know-how to provide you with a 5-Star worthy experience. There was never high pressure sales on anything like that. This can be beneficial because it allows you to work with just one company throughout the entire process. HFS has one-of-a-kind loan programs and world-class service as shown by 1,500 + 5-star Reviews. 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. They were easy to work and had everything completed quickly. Before lenders extend a pool loan, they will first review the borrowers financial status and ability to manage debt. Loan programs offered are available nationwide for terms of up to 30 years. A: Yes, the applicant must be listed as the owner of record on the deed to the property where the pool is to be constructed. With their easy-to-use platform and quick approval . In some cases, borrowers may also be eligible for same-day funding, allowing them to access the funds needed to break ground on their new pool as quickly as possible. Submit your loan application and Viking Capital helps you select the best loan for your needs and qualifications. 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. 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. They may find that lenders using personal loans to finance pool installations have wider APR ranges and higher minimum APR options than lenders that specialize in pool loans. First and foremost, youll need to have strong credit. APR, terms, and loan amounts may differ based on loan purpose and credit profile. You can check your rates with NO IMPACT TO YOUR CREDIT. AMS Financial : Viking Capital: Lyon Financial: Lightstream. Once the loan is funded, though, borrowers who stay current with their repayment plan could receive some perks. He even suggested my husband co-signing which after fixing 1 thing on my husbands credit report got us approved for funding. 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. Through our solid relationships with more than 3,000 pool contractors and our continued commitment to putting our clients first, we have built a reputation as the first choice in providing pool financing solutions. We are able to offer financing solutions for most applicants with a credit score of 625 and above. Will update as the pool is installed.! The terms of your loan will be determined by the amount you are borrowing, your credit score, and the lender you choose. Accepting scores above 650 Loan Amounts Less Than $15,000 Rates as low as 5.99% No Fees No Credit Pulls Apply Now Multiple Offers in under 2 Minutes! Maximum loan amount of $75,000. Well also email you the link so you can view at anytime. Below you'll find answers to some of the most commonly asked questions pertaining to Lyon Financial and the services we offer. Terms, amounts, and APR may differ based on loan purpose and credit profile. Luxury Pools Viking Capital is a family-owned business that has been in operation since 1999. We strive to be a trusted employer, business partner and service provider and to conduct business with transparency, integrity and fairness. Viking Capital offers a variety of loan products to meet the needs of its customers. We couldnt have. i would recommend them for anyone looking to build a pool. Im at the beginning phase of the pool build but so far everything has been an easy process..From application to signatures to the ok to start construction. Lyon Financial is not responsible or liable for any products, services, information or other materials displayed, purchased, or obtained as a result of or in connection with this web site, including, without limitation, any agent referrals, loan recommendations, application, approval, pre-qualification, load or interest rate analysis. Your contractor charges your shopping pass at milestones stated in your pool contract with a required 30% draw at completion. We provide 30, 20, 15 or 10 year fully amortized loans and offer low Fannie Mae conforming conventional fixed interest rates. Viking Capital, established in 1999, is your one-stop-shop for desirable pool financing options. We gave our Best Overall award to LightStream due to its low starting APR, autopay discount, Rate Beat Program, and same-day funding option. The company also supports a dedicated mobile app that customers can use to manage their loans, including scheduling payments, updating account information, and checking the progress of their repayment schedule. We are proud to offer these great loan options We strive to provide a 5-Star worthy experience to every customer. TXOCCC# 10929-47787 It was definitely the answer for us. Branch of service: Air Force, Coast Guard, Army, Navy, Marine Corps or reserves for these branches. Name * First. Awesome work by this professional group! Although some companies may charge lender fees like origination and application fees, the single largest expense borrowers will pay on a pool loan is interest. As an example, you could pay 20% at Excavation, 30% at Gunite, 20% at Decking and 30% at Completion. If you are looking for financial assistance to build a pool (or anything else I Guess), look no furtherthis is it! But some people might prefer to tap into their home equity rather than take out a dedicated pool loan. Because some lenders treat pool loans as a dedicated loan product and others provide pool installation funding through personal loans or home improvement loans, loan terms can vary quite a bit. Lending Uncomplicated. 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. There are many factors to consider when taking out a loan for a pool. We were pre approved for a loan. 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. If your score is lower than this, it means that you have a history of making late payments or skipping payments altogether. A bad credit score is generally considered to be any score below 630. APPLY AT LYON FINANCIAL. The first step is to find a lender who works with people in your situation and compare their offers. State License: CPC1457499 2119 Global Ct. Sarasota, FL, 34240. Unemployed borrowers can defer their monthly payment for 3-month intervals and up to 12 months total. . JACKSON POOLS ALL RIGHTS RESERVED. Additionally, borrowers must have at least two years of verifiable income and asset documentation. Branch of service: Air Force, Coast Guard, Army, Navy, Marine Corps or reserves for these branches. We fit you with the best for your needs and qualifications. Viking Capital. No Hassles - No Excuses - Quick Answers. One option is an adjustable-rate mortgage (ARM). Sophia Anthony is a freelance writer and blogger, covering health and fitness topics through visual representation. Some affiliates of Lyon Financial may offer a rate discount via AutoPay. Our staff and business partners are proud to offer our lowest rates to those with military affiliation. 500,000+ Happy . You need JavaScript enabled to view it. The Bright Way to Borrow! If you dont think youll qualify for a personal loan or if you want to avoid taking on more debt another option is to finance your pool with a home equity line of credit (HELOC). Solved! 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. If you have bad credit, you may think that you cant get a loan to finance your pool. The financing you need to make the memories you deserve. Lyon Financial offers loans nationwide up to $150,000 with terms up to 25 years! Because there is so much variance from lender to lender, it may be a good idea to check the APR range offered by each pool loan provider before making a final decision. Best Customer Service! We may earn money or products from the companies mentioned in this post. From pools to pergolas and everything in between, we understand that each and every loan is unique just like you, which is why we take the time to listen. Viking Capital. With that in mind, a persons credit score can be one of the most important criteria used to determine loan eligibility. Viking Capital APR (interest rates) As low as 5.49% Maximum loan amount $125,000 Loan terms Up to 20 years Home: Products. Water Falls Expert recap and game analysis of the Detroit Lions vs. Minnesota Vikings NFL game from September 25, 2022 on ESPN. All information is subject to change without notice. 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. As we researched the best pool loans, we focused on lenders offering competitive interest rates, flexible financing terms, generous discounts, and quick application and funding time frames. We partner with a network of lenders so you have access to multiple loan options. Why It Made the Cut: Lyon Financial specializes in pool loans, with low APR options and a wide range of lengthy loan terms, making this lender a good choice for homeowners who want to work with an experienced pool loan specialist. Additionally, Viking Capital offers fixed-rate loans, which can give you peace of mind knowing that your interest rate will never increase. Viking Capital is a direct lender, meaning they provide financing directly to consumers. Many of the best pool loans are unsecured loansthat is, they dont use any assets as collateral. Both Karen and Kevin were absolutely delightful to deal with, so grateful. Their multiple loan options have low rates and longer terms than common unsecured loans offering more affordable monthly payments. Call our in-house pool experts, and we ill help you make the best decision for you. *Viking Capital offers a variety of loans that vary in rate, term, loan limits and approval conditions. Qualifying for a loan with bad credit can be tricky, but its not impossible. Includes family by adoption and marriage). These secured loans often have lower interest rates, but they will likely take much longer to approve and fund. Quick and easy to work with. We have our loan with Lyon Financial and are very happy with their services as well as their outstanding customer service. That's why we have partnered with Lyon Financial to offer incredible financing rates! Robert our consultant was great. NC #B-151024 Your assigned loan consultant (your go-to person) will contact you shortly to discuss your loan options. He even suggested my husband co-signing which after fixing. We refinance your current mortgage plus the cost of the swimming pool, closing costs and prepaids into one low interest loan. Loan limits on pool loans can vary quite a bit because some lenders finance these home renovations through basic personal loans, while others have dedicated financing products tailored specifically to the requirements of a pool installation. Thank you for the kind words and for taking the time to leave feedback for us. Apply Now and we will schedule your FREE Loan Consultation! We strive to be a trusted employer, business partner and service provider and to conduct business with transparency, integrity and fairness. Family members must be lineal (spouse or direct-line ancestors and descendants. 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. Already a customer of ours? David was great to work with and made sure that we were aware of everything that would happen along the way. In this case, it may make more sense to choose a different type of loan with a higher interest rate but lower monthly payments. Wondering how much it costs to install a pool? And, their customer service is top-notch! When considering the best pool loans available, homeowners may want to reflect on their own preferences regarding loan length to find the right balance between low monthly payments and paying down debt in an expedient manner.
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