This expertise is reflected in various aspects of the companys loan options, which are geared toward the logistics of financing backyard pools. Viking Capital. GENERAL INQUIRIES. 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. This can be advantageous because it gives you more options to choose from and may help you get a better rate. Lyon Financial is a broker, which means they connect borrowers with multiple lenders. 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. Monthly payment amounts are for demonstrative purposes only and are not guaranteed to match final payment amounts for all borrowers. When determining the best pool loan companies, we considered how much money homeowners might be able to borrow from each lender and if that amount would be enough to fund an inground pool. i would recommend them for anyone looking to build a pool. Super simple process. The terms of your loan will be determined by the amount you are borrowing, your credit score, and the lender you choose. LightStream offers pool loans at very competitive rates, with eligible borrowers potentially receiving an APR as low as 4.99 percent. Taking advantage of this network can also help customers spend less time searching for one of the best pool installation companies. Lyon Financial offers Swimming Pool and Backyard Living loan amounts of up to $500,000. Then youve come to the right place! A: We work across the 48 contiguous states of the United States. FREE Loan Consultations and payment details for all applicants! Multiple Loan Options - including 10 and 12 year loans only available through Viking Capital. Thank you for the kind words and for taking the time to leave feedback for us. Copyright 2023 Acton Media Inc. All rights reserved. Why It Made the Cut: SoFi supports various financing optionssuch as same-day funding and payment defermentfor eligible borrowers. Youre in control of the loan process with LightStream. The applicant or co-applicant (or Family Member*) is active duty, military retiree, reservist, or veteran. Business Details Location of This Business 118 Morlake Dr STE 202, Mooresville, NC 28117-9540. Other companies may require several days to fund approved loans, so its good to know what their funding time frames look like beforehand. Viking Capital Loan Specialists give personal attention to every borrower and take the time to understand their financing needs and qualifications. Home Improvement Loans with competitive rates, borrow up to $25,000, unsecured (no lien filed), and no appraisal required. We have invested in state-of-the-art technology to keep your information secure and to make our process as efficient as possible. You control the terms of your LightStream swimming pool loan, repaying your fixed-rate home improvement loan in as little as two years, or take up to 12 years. FREE Loan Consultations and payment details for all applicants! Since a borrowers credit score could impact the availability of different financing options, homeowners may want to consider lenders minimum credit score requirements early in the selection process. 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). information secure and enable our Top-Notch A: We rely on the expertise of TransUnion, but our lenders may use any of the Big Three reporting bureaus: Equifax, Experian, and TransUnion. We strive to provide a 5-Star worthy experience to every customer. In most cases, 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. Installing one of the best above-ground pools is a major investment, and it would be difficult for many homeowners to afford such a large expense without the help of separate financing. Lyon Financial is located at 118 Morlake Drive Suite 202, Mooresville, NC 28117. With backyard pool costs rivaling the price of some luxury cars, this renovation project may seem like a pipe dream. Our swimming pool loans are designed to spread the cost of the project over many years, so the monthly payments are affordable. Advertised terms are subject to change without notice. One of the more common discounts homeowners might encounter while vetting pool loan companies is an autopay discount. Borrowers must have a minimum credit score of 580 and a maximum debt-to-income ratio of 50%. One option for financing your pool is to get a personal loan from a bank or credit union. 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. Conditions and limitations apply. Definetly a great experience! 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. If so, you may be wondering about the best way to finance this project. For instance, after customers have paid 12 consecutive monthly installments without a single missed or late payment, they have the option to defer their payment for 1 month without accumulating any additional interest. Credit score requirements can vary from lender to lendersome lenders may not have any set minimum credit score at all. LightStream delivers a revolutionary swimming pool loan experience that allows customers to focus on their home improvement purchase, rather than on their financing. Both Karen and Kevin were absolutely delightful to deal with, so grateful. 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. Here are some things to consider if youre looking for a pool loan with bad credit. Phone. 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. Terms and conditions are based on borrower (and co-borrower if applicable) needs and qualifications, are subject to change, and may expire without notice. Conditions and limitations apply. 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. A cash-out refinance, for instance, could provide funds to pay for a new pool. But there are financing options available that can help homeowners shoulder these costs and build a pool to their specifications. FICO score of 850 required for 4.99% APR. 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. 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. Voted Best Service by Capital Region Living readers, we put our members first with unique products that make life easier. There are no prepayment penalties so you can pay off your loan early if you want to save on interest. Are you interested in adding a pool to your property? Once you know your credit score, start shopping around with different lenders to see who can offer the best terms. Please wait while flipbook is loading. Build your furure with our help! When comparing different lenders, its important to pay attention to more than just the interest rate. Expert recap and game analysis of the Detroit Lions vs. Minnesota Vikings NFL game from September 25, 2022 on ESPN. Lowest rates with military affiliation (applicant or lineal relative). Talk with different lenders about what might work best given YOUR unique financial situation before making any decisions . We also look for any recent negative marks, such as bankruptcies or tax liens. 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. TXOCCC# 10929-47787 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. So easy a caveman can do it. Available on approved credit, not all will qualify. TX-SML# 42691 We highly recommend them. Flexible and varied loan terms so borrowers can pay back their pool loan at a pace that feels right for them. We then reach out directly to you and go over the details and next steps in the loan process. CONTACT . No Hassles - No Excuses - Quick Answers. Our investments in technology keep your Learn more about Birdeye, SEO for small business 2021 - Online reviews are the latest strategy. *********************** is awesome!! Your APR may differ based on loan purpose, amount, term and your credit profile. The calculator will then show you your monthly payment amount and total interest costs. Subject to change. If you are considering financing a swimming pool, be sure to shop around for the best rates and terms. 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. Birdeye helps millions of local businesses to be found online with all their reviews and accurate business information. Depending on how quickly a homeowner wants to get started on a pool installation, the time needed for funds to be disbursed could be a major concern. 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. All Rights Reserved By Revolution Reports 2023, Student Loans for Undergraduates Without Cosigner. Lyon Financial offers loans nationwide up to $150,000 with terms up to 25 years! I turned them down and will get a loan elsewhere. There are many loan calculators available online, but we recommend using the one from Bankrate.com. Viking Capital's swimming pool loans are designed to spread the cost of the project over many years, so the monthly payments are affordable. We partner with a network of lenders so you have access to multiple loan options. We refinance your current mortgage plus the cost of the swimming pool, closing costs and prepaids into one low interest loan. In this blog post, well take a look at the best pool loan companies out there, as well as some things to keep in mind when choosing a lender. The best way to find out is to use a loan calculator. Quick funding time frames to give homeowners the money needed to pay for pool installations. NMLS# 42691 *Viking Capital offers a variety of loans that vary in rate, term, loan limits and approval conditions. There are a few different options available, and each has its own set of pros and cons. 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. Repay your fixed-rate home improvement loan in as little as two years, or take up to 12 years. I would highly recommend! Why It Made the Cut: As a lender that focuses on pool loans, Viking Capital can offer extremely high loan amounts to eligible borrowersnot to mention a user-friendly application process and rate discounts for service members. Apply Now. . 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? Other loan providers may not have any credit score limitations at all, even offering pool loans for bad credit. Then, enter the interest rate and loan term (in years). If youre considering a Viking pool, youre probably wondering how much it will cost. 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. . HFS has one-of-a-kind loan programs and world-class service as shown by 1,500 + 5-star Reviews. Archived post. David was great to work with and made sure that we were aware of everything that would happen along the way. Well also email you the link so you can view at anytime. Lenders will use your credit score to determine your likelihood of defaulting on the loan. 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. Prospective borrowers may want to be aware that SoFis rates can be somewhat high in some cases, as the maximum APR can reach 22.73 percent. Name * First. Checking lenders APR ranges can help customers avoid higher pool loan rates, but they may want to consider the impact their own credit history and financial status will have on the APR that they are ultimately offered. If you are looking for a flexible financing option with competitive rates, then Viking Capital Pool Loan is a good choice for your business. When you have good to excellent credit, the choice is yours. Water Falls A FINANCING PARTNER LIKE NO OTHER:Since 1999, Viking Capital has been providing swimming pool financing services, with personalized customer attention, to ensure that every pool loan is a perfect fit.We offer highly desirable swimming pool loan options for your clients and FREE advertising support for you! SoFi is a major player in the lending industry, supporting a wide variety of loan products for customers to choose from, including a home improvement loan for pool installations. Address. Lyon Financial and Viking Capital both specialize in swimming pool financing. 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. If youre considering a pool loan, you may be wondering about the difference between Viking Capital and Lyon Financial. Ready to get started, click the button below to request a fee consultation! Highly recommend them. By taking all of these factors into account, you should be ableto find the best loan for your needs. Loan amount $50,000Rate 7.99%Term 20 YearsMonthly payment $418/mo. I was so impressed a REAL human being (Karen) always answered the phone and directed me to proper person. Homeowners who do not need the large loan amounts offered by pool financing specialists may want to consider Marcus by Goldman Sachs as an alternative option. Will update as the pool is installed.! We don't have enough equity in our home to take out a HELOC, so we're looking into pool specific loans. We would love it if you could tell us what you think. If youre not sure where your credit stands, check your free annual credit report from each of the three major credit bureaus Experian, Equifax and TransUnion for errors or negative information that could be dragging down your score. Viking Capital Pool Loan is a great way to get the money you need for your business. We are proud to offer these great loan options All loan decisions are at the discretion of our lending partners. 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. However, because HELOCs are secured by your home equity, they usually come with lower interest rates than unsecured loans making them another good option for financing a pool. Lyons Financial is an outstanding and reasonable financial company that offers great rates especially if you're trying to get financing for an in ground pool! Let us help you find the best funding option. Sunmark Credit Union Game summary of the Detroit Lions vs. Minnesota Vikings NFL game, final score 24-28, from September 25, 2022 on ESPN. We offer long-term loans with low rates, catered for home improvements. Advertised rates and terms are subject to change without notice. She is very passionate about general health and beauty. Wondering how much it costs to install a pool? 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! Federally Insured by NCUA Equal Housing Opportunity. Fill out the pre-application and take one step closer to swimming in the pool of your dreams. 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. Concord Pools partners with Viking Capital to offer highly desirable financing options. Edward Jones - Financial Advisor: Brian Mathis, Edward Jones - Financial Advisor: Robert W Winkler. By Jeff Keleher Published Sep 8, 2022 11:46 AM. The information you provide to Lyon Financial is not an application for a loan from Lyon Financial.
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