You can also contact her on Facebook, and Instagram. Subject to change. I was almost ready to give up on the possibility of getting a pool but Ryan worked with me for months. While the average swimming pool loan is for 10-15 years, you can finance a pool for as little as 5 years or for up to 30 years in some cases. 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! Your APR may differ based on loan purpose, amount, term and your credit profile. The lender provides pool installation funds through personal loans, so loan amounts are capped at $40,000. A lower total cost may not make sense if the borrower will struggle to make loan payments each month. L. Advertised terms are subject to change without notice. [CDATA[ By Jeff Keleher Published Sep 8, 2022 11:46 AM. Well also email you the link so you can view at anytime. He gave me ideas on areas to improve my credit score so I could get approved for funding. Already a customer of ours? 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. You'll feel like the valued customer 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. Homeowners may be able to finance a new pool with a home equity loan, home equity line of credit (HELOC), or even a second mortgage. 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. 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. 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. 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! The type of loan you choose should be based on these and other factors. HFS has one-of-a-kind loan programs and world-class service as shown by 1,500 + 5-star Reviews. Advertised rates and terms are subject to change without notice. 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. 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. 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. APR, terms, and loan amounts may differ based on loan purpose and credit profile. ), and whether or not the lender offers flexible repayment options (like making extra payments without penalty). So easy a caveman can do it. Marcus Franklin Great service, quick and efficient. Solved! We also looked at factors that could impact a borrowers eligibilityminimum credit score requirements, for instance. Maximum loan amount of $75,000. 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. 518.588.3025 This email address is being protected from spambots. Federally Insured by NCUA Equal Housing Opportunity. We may earn money or products from the companies mentioned in this post. If youre considering a pool loan, you may be wondering about the difference between Viking Capital and Lyon Financial. With innovative lending products and proprietary technology, consumers with strong credit profiles can receive highly competitive, fixed rate financing via an easy, fast and virtually paperless loan process. Apply Now and we will schedule your FREE Loan Consultation! Swimming Pool Loans Desirable loan options and personal attention every step of the way! The smiles start here! When you have good to excellent credit, the choice is yours. We don't have enough equity in our home to take out a HELOC, so we're looking into pool specific loans. to our Military Families. 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. This means youll save money on interest over the life of the loan. Financing - Concord Pools & Spas Viking Capital, Inc. | LinkedIn Before lenders extend a pool loan, they will first review the borrowers financial status and ability to manage debt. Viking Capital was the answer to our dream of adding a pool to our backyard living environment. Unlike banks, credit unions, and online lenders, our experience is unique to pools, not just any type of loan. One option is an adjustable-rate mortgage (ARM). Although its rate calculator can be a bit inaccurate due to certain baked-in criteriausers are assumed to have excellent credit, for instancethe tool gives borrowers a good idea of what their loan options look like and what amount they could owe each month throughout the life of the loan. No Hassles - No Excuses - Quick Answers. . Family members must be lineal (spouse or direct-line ancestors and descendants. There are other options available if you have bad credit and want to finance a pool. 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. 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. 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. They offer a wide array of loan options and have the ability to work with borrowers in all credit tiers. This means that your monthly payments could go up or down depending on economic conditions. State License: CPC1457499 2119 Global Ct. Sarasota, FL, 34240. A: Your monthly loan payment amount is dependent on many factors, including your loan amount, term, 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. There are lenders who work with people with less than perfect credit and can offer loans with more flexible terms. We offer a wide range of financing options through our four trusted partners: Lyon Financial, Viking Capital and Paramount. 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. Additionally, Viking Capital offers fixed-rate loans, which can give you peace of mind knowing that your interest rate will never increase. Both are well-known and respected lenders in the industry, but there are some key distinctions between them. If you are looking for a flexible financing option with competitive rates, then Viking Capital Pool Loan is a good choice for your business. This can be beneficial because it allows you to work with just one company throughout the entire process. Multiple Loan Options - including 10 and 12 year loans only available through Viking Capital. A: Lyon Financial is a respected financing consultant, in business since 1979. If you are looking for financial assistance to build a pool (or anything else I Guess), look no furtherthis is it! Pool loan reviews can provide some insight, but homeowners may want to vet the best pool loan companies themselves as well. Swimming Pool Financing: What to Know and Best Pool Loans explained everything and answered all my questions. Loan amount $50,000Rate 7.99%Term 20 YearsMonthly payment $418/mo. Call our in-house pool experts, and we ill help you make the best decision for you. 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? Great Service - you will feel like the valued customer that you are. Other loan providers may not have any credit score limitations at all, even offering pool loans for bad credit. 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. Viking Capital, Inc. | Financing For Swimming Pools & Home Improvement All Rights Reserved By Revolution Reports 2023, Student Loans for Undergraduates Without Cosigner. Exactly the way it should be. Expert recap and game analysis of the Detroit Lions vs. Minnesota Vikings NFL game from September 25, 2022 on ESPN. are. 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. Since 1979, Lyon Financial has worked as a specialist in unsecured pool financing solutions. 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. Are you interested in adding a pool to your property? A: We look at your overall credit health, including your credit score and debt-to-income (DTI) ratio. Lyon Financial offers financing solutions for swimming pool and home improvement loans nationwide. The underwriter will review your entire credit profile, past payment performance, and experience with large secured and unsecured loans. Edward Jones - Financial Advisor: Brian Mathis, Edward Jones - Financial Advisor: Robert W Winkler. Viking Capital Loan Specialists give personal attention to every borrower and take the time to understand their financing needs and qualifications. They have a simple application process and you can be approved for up to $250,000. When shopping around for quotes, be sure to inquire about any origination fees or prepayment penalties so there are no surprises down the road. The average cost of an inground pool is $51,833, and prices could go even higher depending on the pools design, size, and materials. 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. 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. The model is leaning Over, and it says one side of the spread has all the value. Submit your loan application and Viking Capital helps you select the best loan for your needs and qualifications. They were easy to work and had everything completed quickly. NC #B-151024 Our Pool Loan Calculator is a great resource for exploring potential monthly payments, and can be accessed by clicking "Loan Calculator," located in the black bar, towards the top center of the page. Family members must be lineal (spouse or direct-line ancestors and descendants. All loan decisions are at the discretion of our lending partners. Loan programs offered are available nationwide for terms of up to 30 years. Lowest rates with military affiliation (applicant or lineal relative). Below you'll find answers to some of the most commonly asked questions pertaining to Lyon Financial and the services we offer. Explore Our Financing Options | Vintage Pools This can be beneficial because it allows you to work with just one company throughout the entire process. 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. 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. 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. Home: Products. In this case, it may make more sense to choose a different type of loan with a higher interest rate but lower monthly payments. I highly recommend Lyon Financial if you are in the market for a pool loan. Concord Pools & Spas. We act in the capacity of "consultant", working with contractors nationwide to help pair pool buyers with the best swimming pool financing options available. Lions 24-28 Vikings (Sep 25, 2022) Final Score - ESPN We were pre approved for a loan. First and foremost, youll need to have strong credit. The program offers low-interest loans of up to $250,000 for qualified businesses. Robert our consultant was great. Financing - atlaspoolsofcentralfl.com Viking Capitalacts in the capacity of consultant, working with contractors nationwide to help pair pool buyers with the best swimming pool financingoptions available. Viking Capital's swimming pool loans are designed to spread the cost of the project over many years, so the monthly payments are affordable. 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. Then youve come to the right place! Why It Made the Cut: SoFi supports various financing optionssuch as same-day funding and payment defermentfor eligible borrowers. This ensures that the contractor is receiving the appropriate payments in the appropriate increments. We would love it if you could tell us what you think. You need JavaScript enabled to view it. She is very passionate about general health and beauty. About Viking Capital. You get one more interest-only payment but can no longer affect the payment going forward. 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 an ARM, your interest rate will fluctuate over time along with market rates. Swimming Pool Financing in Forney and Rockwall | Pool Xperts Apply Now. The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user. We then reach out directly to you and go over the details and next steps in the loan process. Our clients know that an actual account manager will always answer the phone when they call. 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. TX Branch ID# 1286451 With backyard pool costs rivaling the price of some luxury cars, this renovation project may seem like a pipe dream. explained everything and. A: We work across the 48 contiguous states of the United States. Your Viking Capital Loan Representative will go over all your loan options and their respective terms and payment amounts. The top loan providers in this space vary quite a bit in terms of the precise benefits they bring to the table.