Federally Insured by NCUA Equal Housing Opportunity. 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. You will also only be responsible for paying back the principal amount of the loan plus interest. 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. team to work efficiently and spend more quality APR, terms, and loan amounts may differ based on loan purpose and credit profile. I was able to get the problem fixed and get a 2% better loan rate and improve my credit score because of this education. Subject to change. Viking Capital Loan Specialists give personal attention to every borrower and take the time to understand their financing needs and qualifications. One option is an adjustable-rate mortgage (ARM). Backyard Resort Pools 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. Heres a closer look at Viking Capital vs Lyon Financial: New comments cannot be posted and votes cannot be cast. Very easy to sign all the paperwork. * Loan terms and availability vary based on borrower qualifications and are subject to change without notice. Address. There are other options available if you have bad credit and want to finance a pool. 588 customer reviews of Lyon Financial. Every team member has the determination and know-how to provide you with a 5-Star worthy experience. Ready to get started, click the button below to request a fee consultation! Being self employed and having complicated taxes i was less then enthused to start the process. Home: Products. Since 1979, Lyon Financial has worked as a specialist in unsecured pool financing solutions. SoFi does offer some flexibility for borrowers who fall on hard financial times, though. As homeowners review their options and weigh the strengths and weaknesses of each lender, its important to know what features or capabilities to prioritize above other considerations. The unsecured LightStream loan has no fees or prepayment penalties. TX Branch ID# 1286451 Viking Capital. Our team of Pool, Spa, and Backyard Specialists are here and ready to help transform your dream into a reality. i would recommend them for anyone looking to build a pool. The terms of your loan will be determined by the amount you are borrowing, your credit score, and the lender you choose. A lower total cost may not make sense if the borrower will struggle to make loan payments each month. This can be beneficial because it allows you to work with just one company throughout the entire process. So easy a caveman can do it. Viking Capital is a family-owned business that has been in operation since 1999. They offer a wide array of loan options and have the ability to work with borrowers in all credit tiers. They are not the lender, but they do work with multiple lenders nationwide in helping customers find financing. We couldnt have. As one of the leading lenders in the swimming pool industry, Paramount Capital has funded a substantial amount of inground pools for our customers. You choose your funding date, and you can even have funds deposited into your account as soon as the same day you apply. Send us a message today! viking capital financing click here: lyon financial click here ~ we autograph our work with excellence ~ roc 300590 / 300592. home about us gallery construction video packages contact us financing landscape selections . The financing you need to make the memories you deserve. Viking Capital offers a variety of loan products to meet the needs of its customers. Some lenders offer specialized pool loans to finance installations, but borrowers may also be able to use personal loans for these renovation projects. Credit score requirements can vary from lender to lendersome lenders may not have any set minimum credit score at all. It can only be used with your approved contractor. We have invested in state-of-the-art technology to keep your information secure and to make our process as efficient as possible. Unlike banks, credit unions, and online lenders, our experience is unique to pools, not just any type of loan. 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. Loans up to $75,000 Apply Viking Capital. AMS Financial. 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. In this case, it may make more sense to choose a different type of loan with a higher interest rate but lower monthly payments. What is your credit score? 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. We use cookies to optimize our website and our service. 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. 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. Once they receive your pre-application, they will help you through the process of choosing a lender program that best fits your needs. Robert our consultant was great. Easy, done. If youre not sure what your credit score is, you can check it for free on websites like Credit Karma or Credit Sesame. 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. JACKSON POOLS ALL RIGHTS RESERVED. 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. 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. 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. Taking advantage of this network can also help customers spend less time searching for one of the best pool installation companies. Name. Youll also need to have some collateral to put up against the loan. Thank You for all your help. Both Karen and Kevin were absolutely delightful to deal with, so grateful. The lender provides pool installation funds through personal loans, so loan amounts are capped at $40,000. 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. Because financing a pool installation is such a large investment, Lyon requires homeowners to submit a scope of work before funds will be disbursed. 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. 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. With backyard pool costs rivaling the price of some luxury cars, this renovation project may seem like a pipe dream. He was responsive, knowledgeable and clearly a subject matter expert in his field and the best part, no high sales pitch or pressure! You can also contact her on Facebook, and Instagram. APR, terms, and loan amounts may differ based on loan purpose and credit profile. Why Choose Viking Capital for Swimming Pool Financing? When you have good credit, you deserve a low-interest, fixed-rate loan. Loan amount $40,000Rate 5.49%Term 15 YearsMonthly payment $327/mo. The applicant or co-applicant (or Family Member*) is active duty, military retiree, reservist, or veteran. Conditions and limitations apply. If you have loan needs, Viking Capital is your answer. A: No, all of our services are absolutely free to builders. var year = new Date();document.write(year.getFullYear()); Our loan options are unsecured, meaning there are no appraisals or equity required. *********************** is awesome!! However, some lenders may require a higher score, such as 700 or 720. In 2022 Loan Requests. We have invested in state-of-the-art technology to keep your information secure and to make our process as efficient as possible. Another option is a home equity line of credit (HELOC). Copyright 2023 Acton Media Inc. All rights reserved. If your credit score is below 620, you may still be able to get approved for financing, but you may have to pay a higher interest rate. As an example, you could pay 20% at Excavation, 30% at Gunite, 20% at Decking and 30% at Completion. 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). This can be advantageous because it gives you more options to choose from and may help you get a better rate. We are able to offer financing solutions for most applicants with a credit score of 625 and above. We couldnt have been happier. . There are lenders who work with people with less than perfect credit and can offer loans with more flexible terms. *Viking Capital offers a variety of loans that vary in rate, term, loan limits and approval conditions. Finally, youll need to have a solid business plan. 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, Inc. is a family-owned business that has been offering the most desirable financing options available in the industry since 1999. A bad credit score is generally considered to be any score below 630. He was responsive, knowledgeable and clearly a subject matter expert in his field and the best part, no high sales pitch or pressure! This is a great option if you need quick funding for your business. 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. Let us suggest the right program for you to make your swimming pool dream come true. Build your furure with our help! There are many factors to consider when taking out a loan for a pool. Water Falls Do you have a project in mind? 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 could move forward with our dream pool project. LYON Financial. Advertised rates and terms are subject to change without notice. Viking Capital was the answer to our dream of adding a pool to our backyard living environment. Viking Capital Pool Loan Credit Requirements are designed to help small businesses get the financing they need to grow and succeed. 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. Less than a week turn around. 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. David was great to work with and made sure that we were aware of everything that would happen along the way. How much can you afford to borrow? Again, keep in mind that if housing prices drop after taking out this type of loan, you could find yourself underwater on your mortgage balance owed versus what your home is currently worth in the marketplace . HELOC vs. Home Equity Loan. Once you know your credit score, start shopping around with different lenders to see who can offer the best terms. Lyon Financial is located at 118 Morlake Drive Suite 202, Mooresville, NC 28117. 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. Lenders will use your credit score to determine your likelihood of defaulting on the loan. By taking all of these factors into account, you should be ableto find the best loan for your needs. One of the more common discounts homeowners might encounter while vetting pool loan companies is an autopay discount. Some of the best pool loan providers offer discounts that help eligible customers lower the total cost of their loan and owe less on their monthly payments. 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. Monthly payment amounts are for demonstrative purposes only and are not guaranteed to match final payment amounts for all borrowers. Being able to check the status of their loan at any time and from any location can be convenient for some borrowers, making it easier to track the progress theyve made repaying their loan. We strive to be a trusted employer, business partner and service provider and to conduct business with transparency, integrity and fairness. 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. Submit your loan application . Other loan providers may not have any credit score limitations at all, even offering pool loans for bad credit. Unlike many banks and credit unions, our experience is unique to swimming pools, not just any type of loan. You get one more interest-only payment but can no longer affect the payment going forward. Viking Capital Loan Specialists give personal attention to every borrower and take the time to understand their financing needs and qualifications. All information is subject to change without notice. If you would like to learn more about the products or services offered by Concord Pools & Spas, please fill out and submit the form to contact our sales department. 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. 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! Additionally, borrowers must have at least two years of verifiable income and asset documentation. [CDATA[ A: Lyon Financial is a respected financing consultant, in business since 1979. Both are well-known and respected lenders in the industry, but there are some key distinctions between them. Edward Jones - Financial Advisor: Brian Mathis, Edward Jones - Financial Advisor: Robert W Winkler. . Building a pool is often an expensive proposition, however, as its one of the most costly home improvement projects that a homeowner can tackle. Fast, accurate and truthful information. In general, companies that specialize in pool loan financing offer much longer loan terms, with borrowers repaying their loan amount over the course of a decade or more. Maximum loan amount of $75,000. Even fiberglass pool costs, which are often lower than the price of other pools, can run $29,178 on average. We may earn revenue from the products available on this page and participate in affiliate programs. Not all will qualify. The decision to build an inground swimming pool is a big one. As such, borrowers with excellent credit scores (750+) can expect to qualify for the best rates and terms on their loans. Unemployed borrowers can defer their monthly payment for 3-month intervals and up to 12 months total. Once you have a better understanding of where your score needs improvement, take steps to boost it by paying down debts and making timely payments on all future bills. are. Central Bank Light Stream Viking Capital HFS Financial Lyon Financial Credit Union Apply online for a secured pool loan with Central Bank. Our investments in technology keep your Viking Capital was the answer to our dream of adding a pool to our backyard living environment. First and foremost, youll need to have strong credit. These loans may come with higher interest rates, but they can still help you achieve your goal of owning a pool. TXOCCC# 10929-47787 Thanks Ed! This is because the loans from these pools are typically for high-risk ventures, so lenders will want to see that youre a low-risk borrower. Homeowners may also want to consider how funds are disbursed. However, its important to remember that not all brokers are created equal some may charge higher fees than others. Bnit Mulindwa gave Viking Capital, Inc. a 5 star Review on Facebook. This feature can help homeowners temporarily prioritize and allocate more money toward other financial obligations. The average cost of an inground pool is $51,833, and prices could go even higher depending on the pools design, size, and materials. Well also email you the link so you can view at anytime. 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. Never any problems. Shop around and compare rates to ensure youre getting the best deal possible. explained everything and answered all my questions. All Rights Reserved By Revolution Reports 2023, Student Loans for Undergraduates Without Cosigner. You can check your rates with NO IMPACT TO YOUR CREDIT. Quick funding time frames to give homeowners the money needed to pay for pool installations. Before lenders extend a pool loan, they will first review the borrowers financial status and ability to manage debt. That's why we have partnered with Lyon Financial to offer incredible financing rates! You can be confident thats what youll get with LightStream, because we back our low rates with our Rate Beat Program. CONTACT 941-371-2252. 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. Need financing? The model has simulated Vikings vs. Lions 10,000 times and the results are in. Loan amount $50,000Rate 7.99%Term 20 YearsMonthly payment $418/mo. Ideally, we like to see a DTI of 50 percent or less (including the amount of the loan you're requesting). Renovations. Such lengthy loan terms can make it easier for borrowers to budget for their monthly payments and pay back their loan in full. There are many loan calculators available online, but we recommend using the one from Bankrate.com. NC Branch ID# 1446463, This profile is powered by Birdeye. There are some mortgage options available that could allow homeowners to build pool installation costs into their refinance. Our focus on pool financing means that unlike most banks, credit unions and investors, we develop loan products specifically designed for pool construction. 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! To that end, it may be worthwhile to explore how longer loan terms could lower monthly installments and make it easier to budget for those payments along with other recurring housing costs and financial obligations. Game summary of the Detroit Lions vs. Minnesota Vikings NFL game, final score 24-28, from September 25, 2022 on ESPN. Lyon Financial is a broker, which means they connect borrowers with multiple lenders. Its this commitment to exceptional customer service that sets us apart in everything we do. Submit your loan application and Viking Capital helps you select the best loan for your needs and qualifications. The decision to build an inground swimming pool is a big one. Already a customer of ours? A: We look at your overall credit health, including your credit score and debt-to-income (DTI) ratio. The Bright Way to Borrow! 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. Business Details Location of This Business 118 Morlake Dr STE 202, Mooresville, NC 28117-9540. Loan amount $40,000Rate 5.49%Term 15 YearsMonthly payment $327/mo. APPLY AT LIGHT STREAM FINANCIAL. I was so impressed a REAL human being (Karen) always answered the phone and directed me to proper person. What is a Bad Credit Score? Lyon Financial has successfully funded over 200,000 swimming pool loans. Dive right into planning and desigining your pool with simple, low interest rate financing through our financing partners. We are proud to offer these great loan options Email * Question * Submit. If so, you may be wondering about the best way to finance this project. You can also see how much money you would save by making bi-weekly payments instead of monthly payments. When shopping around for quotes, be sure to inquire about any origination fees or prepayment penalties so there are no surprises down the road. 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. Below you'll find answers to some of the most commonly asked questions pertaining to Lyon Financial and the services we offer. Lyon Financial recognizes that there may be differences in interest rates based in loan amount, credit history, geographic location, and other factors. Commercial Pools 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! Articles may contain affiliate links which enable us to share in the revenue of any purchases made. 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. Other companies may require several days to fund approved loans, so its good to know what their funding time frames look like beforehand. How to Qualify for a Pool Loan with Bad Credit SoFi can also provide same-day funding in some cases, helping many borrowers get their pool installation funds as quickly as possible. We partner with a network of lenders so you have access to multiple loan 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. Apply Now and we will schedule your FREE Loan Consultation! Luxury Pools He even suggested my husband co-signing which after fixing 1 thing on my husbands credit report got us approved for funding. Rate discounts to help lower the total cost of the loan and make pool financing more affordable. Youre in control of the loan process with LightStream. 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. While many pool loan companies deposit funds directly into the borrowers bank account, some will want to send funds directly to the contractor. 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. 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. He gave me ideas on areas to improve my credit score so I could get approved for funding. 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! We are proud to offer these great loan options Apply Now. After 6 months, the card expires and your payment is locked in. 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. Through Viking Capital, our mission is to help other hard-working physicians like you to achieve the freedom you deserve and to create the . I was almost ready to give up on the possibility of getting a pool but Ryan worked with me for months. Visit Lyon Financial for More Information. After 40 years in the business, we still put people first. 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. They offer financing for all credit types, including those with bad credit. We work with multiple lenders, so we have multiple options. Branch of service: Air Force, Coast Guard, Army, Navy, Marine Corps or reserves for these branches. This could save you thousands of dollars over the life of the loan. If you have good credit, you may be able to qualify for a low-interest rate loan. More Loan Approvals - because we find the loan that's right for you. Although Viking does charge some up-front lender feesand those fees will vary from borrower to borrowereligible service members may be able to lower their loan costs by taking advantage of the lenders military rate discount.
viking capital vs lyon financial
viking capital vs lyon financial
viking capital vs lyon financial