Finally, youll need to have a solid business plan. are. We would love it if you could tell us what you think. What is a Bad Credit Score? Depending on the lender and type of financing, a pool loan could run anywhere from 24 months to 25 years. Always very easy to work with. . 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. That can provide some peace of mind for homeowners who would rather not put up any of their possessions or assets as collateral to finance their pool installation. This is a great option if you need quick funding for your business. We also look for any recent negative marks, such as bankruptcies or tax liens. By Jeff Keleher Published Sep 8, 2022 11:46 AM. Save my name, email, and website in this browser for the next time I comment. It was definitely the answer for us. A: We can work with most pool builders. Lyon Financial is a broker, which means they connect borrowers with multiple lenders. We have invested in state-of-the-art technology to keep your information secure and to make our process as efficient as possible. Viking Capital, Inc. Jul 2022 - Present10 months Marketing Director Lyon Financial May 2015 - Jul 20227 years 3 months Lyon Financial specializes in financing solutions for swimming. You'll feel like the valued customer you are. In that case, it may be worth looking into local banks that offer pool loans. Financing | OC Poolscapes The technical storage or access that is used exclusively for anonymous statistical purposes. Other companies may require several days to fund approved loans, so its good to know what their funding time frames look like beforehand. GC Residential Unlimited license #80889 5984 Six Forks Road Raleigh, North Carolina 27609. Apply For Your Pool Loan - Viking Capital Pool Financing Viking Capital was the answer to our dream of adding a pool to our backyard living environment. 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. 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. Pool Financing - Gulf Coast Pool Financing Experts Southern Poolscapes CONTACT . Very happy with the process. We gave our Best Overall award to LightStream due to its low starting APR, autopay discount, Rate Beat Program, and same-day funding option. New comments cannot be posted and votes cannot be cast. Viking Capital's swimming pool loans are designed to spread the cost of the project over many years, so the monthly payments are affordable. Monthly payment amounts are for demonstrative purposes only and are not guaranteed to match final payment amounts for all borrowers. Concord Pools & Spas. 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. Submit your loan application and Viking Capital helps you select the best loan for your needs and qualifications. 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. You can also contact her on Facebook, and Instagram. SoFi can also provide same-day funding in some cases, helping many borrowers get their pool installation funds as quickly as possible. Wondering how much it costs to install a pool? Your contractor charges your shopping pass at milestones stated in your pool contract with a required 30% draw at completion. Can't say enoughThank you, ******* (and crew) for making this process a pleasant one!! After understanding our loan needs, he shopped around for best fit, best price, best terms and was quick to close the deal. Super simple process. 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. JACKSON POOLS ALL RIGHTS RESERVED. FICO score of 850 required for 4.99% APR. Concord Pools partners with Viking Capital to offer highly desirable financing options. Lions 24-28 Vikings (Sep 25, 2022) Game Recap - ESPN TX Branch ID# 1286451 The best pool loans offer large loan amounts, relatively quick funding time frames, competitive interest rates, and flexible repayment periods so borrowers can comfortably finance a pool installation. Customers can also explore a wide range of other loan products from this lender. If the pool builder of your choice has not worked with us before, there is a brief setup process. Here's a closer look at Viking Capital vs Lyon Financial: Viking Capital is a direct lender, meaning they provide financing directly to consumers. Apply Now and we will schedule your FREE Loan Consultation! FREE Loan Consultations and payment details for all applicants! Financing Gary's Pool and Patio The first step is to find a lender who works with people in your situation and compare their offers. 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. Family members must be lineal (spouse or direct-line ancestors and descendants. Swimming Pool Financing & Home Improvement Loans | Viking Capital You should also look at things like fees (origination fees, prepayment penalties), repayment terms (how long do you have to pay back the loan? 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. You are only required to pay interest on the funds charged during the first 7 months of the loan. Their multiple loan options have low rates and longer terms than common unsecured loans offering more affordable monthly payments. My representative (Kevin) explained my options perfectly, taught me about negative trade, and helped me fix something on my credit rating which was a mistake I didnt even know existed! He gave me ideas on areas to improve my credit score so I could get approved for funding. Then, enter the interest rate and loan term (in years). Looking into a pool loan, this seems fishy Is it? Banks and credit unions may offer financing options for pools as well, and some homeowners may prefer to work with a local branch rather than a nationwide lender. When it comes time to apply for a pool loan, homeowners may prefer an application process thats quick and easy to complete. When shopping around for quotes, be sure to inquire about any origination fees or prepayment penalties so there are no surprises down the road. Rate discounts to help lower the total cost of the loan and make pool financing more affordable. Fresno Clovis pool builders|Safety pool covers Swim spas Fresno CA Consulting a pool loan calculator could help homeowners determine how much a particular loan will cost when its all said and done. With the help of our financial partners, Viking Capital and Lyon Financial, and the Premier Pool Contractor team, your dream becomes a reality! This can be beneficial because it allows you to work with just one company throughout the entire process. What Is a USDA Home Loan, and How Do You Lower interest rates via the Rate Beat Program, Generous 0.5 percentage point autopay discount, User-friendly loan management via mobile app, Preferred contractor network of highly experienced pool builders, Scope of work information required for fund disbursement, Generous rate discount for military service members, Payment deferment available for unemployed borrowers, Wide variety of other loan types available. 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! When you have good to excellent credit, the choice is yours. Lyon Financial; HFS Financial; Viking Capital; Paramount Capital. Contact him, he's a. a good forex trader who knows the importance of risk management. If you have loan needs, Viking Capital is your answer. See eligibility details. A higher credit score indicates a lower risk of default and makes you more likely to be approved for financing. 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! Your credit score is one of the most important factors lenders will consider when determining whether or not to approve your loan application. He was responsive, knowledgeable and clearly a subject matter expert in his field and the best part, no high sales pitch or pressure! Viking Capital, Inc. | LinkedIn Through our exclusive lenders, we offer financing solutions for swimming pool and home improvement projects nationwide. We were pre approved for a loan. They are not the lender, but they do work with multiple lenders nationwide in helping customers find financing. 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. Funding times are a bit longer as well, with 5-day funding time frames being pretty typical with this lender. Lyon Financial is located at 118 Morlake Drive Suite 202, Mooresville, NC 28117. You choose your funding date, and you can even have funds deposited into your account as soon as the same day you apply. Count on Sunmark Credit Union to help you attain affordable financing that addresses your needs and budget. Name. Before lenders extend a pool loan, they will first review the borrowers financial status and ability to manage debt. Answered all of my questions promptly. And finally, dont forget to factor in the costs of installation and ongoing maintenance when budgeting for your new pool! 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. NMLS# 42691 As such, its important to research the best pool loans available and decide which one makes the most sense for each persons unique situation. 118 Morlake Drive . Our loan options are unsecured, meaning there are no appraisals or equity required. We then reach out directly to you and go over the details and next steps in the loan process. I was so impressed a REAL human being (Karen) always answered the phone and directed me to proper person. Cheap pool loans usually combine low interest rates, generous discounts, and flexible repayment schedules to give borrowers the biggest bang for their buck. Depending on a homeowners circumstances and what theyre looking for in a pool loan, some lenders may stand out more than others. If youre not sure what your credit score is, you can check it for free on websites like Credit Karma or Credit Sesame. and not be charged any additional interest. There are many loan calculators available online, but we recommend using the one from Bankrate.com. We fit you with the best for your needs and qualifications. Viking Capitalacts in the capacity of consultant, working with contractors nationwide to help pair pool buyers with the best swimming pool financingoptions available. This way, potential customers can quickly see if they qualify for a pool loan and, if so, what terms they may be eligible to receive. *Viking Capital offers a variety of loans that vary in rate, term, loan limits and approval conditions. 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. Best Customer Service! The interest rate on this loan is fixed at 5.99% and there are no origination fees. But before you apply for a pool loan, its important to understand how your credit score can affect your ability to get approved and what interest rate youll be offered. Paramount Capital is a free service designed to help customers find and obtain sound financing solutions for their backyard dreams. 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. By taking some time to reflect on what matters most, homeowners can narrow down their options more quickly and find the right fit for their needs. Contact us today! We've partnered with Viking Capital to offer financing for all our customers, at very affordable rates! Fantasy Pools - Swimming Pools Lengthy funding time frames could delay the building process if contractors move on to other jobs because the funds needed for a deposit are not immediately available. Viking Capital, Inc. - Home - Facebook Our staff and business partners are proud to offer our lowest rates to those with military affiliation. My representative (Kevin) explained my options perfectly, taught me about negative trade, and helped me fix something on my credit rating which was a mistake I didnt even know existed! SoFi does offer some flexibility for borrowers who fall on hard financial times, though. Heres a closer look at Viking Capital vs Lyon Financial: Awesome work by this professional group! Beat local competitors. 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. Some affiliates of Lyon Financial may offer a rate discount via AutoPay. Homeowners may also want to consider how funds are disbursed. A: Most fundings involve paying the pool builder directly in stages, according to the progress of the project. Your Viking Capital Loan Representative will go over all your loan options and their respective terms and payment amounts. The applicant or co-applicant (or Family Member*) is active duty, military retiree, reservist, or veteran. LightStream offers pool loans at very competitive rates, with eligible borrowers potentially receiving an APR as low as 4.99 percent. This can be advantageous because it gives you more options to choose from and may help you get a better rate. How much can you afford to borrow? You can be confident thats what youll get with LightStream, because we back our low rates with our Rate Beat Program. 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. . Just began our process with Lyon Financial.. was easy to apply and be approved. We use the after improved appraised value and go all the way up to a 95% loan to value. Lyon Financial offers financing solutions for swimming pool and home improvement loans nationwide. 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. . Generally, youll need a credit score of 620 or higher to qualify for pool financing. Below youll find answers to some of the most commonly asked questions pertaining to Lyon Financial and the services we offer. Your assigned loan consultant (your go-to person) will contact you shortly to discuss your loan options. Backyard Resort Pools Quick and easy to work with. *Available on approved credit, not all will qualify. Here are some things to consider if youre looking for a pool loan with bad credit. Vikings vs. Lions odds, line, spread: 2022 NFL picks, Week 14 We are proud to offer these great loan options Why It Made the Cut: LightStream offers eligible borrowers low APR options, potential rate discounts, and same-day funding opportunitiesas well as a dedicated mobile app to manage their loan payments. A cash-out refinance, for instance, could provide funds to pay for a new pool. If you dont have great credit, however, you may not be able to get a very low interest rate. 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. // ]]> In some cases, homeowners may be able to obtain a 20-year pool loanpossibly even a 25-year loan. Financing Your Swimming Pool - Parker's Pools Once you have a strong credit score in hand, compare offers from multiple lenders before selecting the one that offers you the lowest interest rate and most favorable repayment terms. Our staff and business partners are proud to offer our lowest rates to those with military affiliation. Whether they specialize in this type of financing or not, though, the best pool loan companies can provide numerous advantages to benefit borrowers, including: Homeowners have a lot of options when it comes to financing a pool installation. Advertised rates and terms are subject to change without notice. I was able to get the problem fixed and get a 2% better loan rate and improve my credit score because of this education. 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. 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.
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