Lyon Financial is proud to be the preferred financing partner of Latham!
Since 1979, Lyon Financial has worked as a specialist in pool financing solutions. Unlike many banks and credit unions, our experience is unique to swimming pools, not just any type of loan. Your call will always be answered by a live, knowledgeable representative, eager to offer solutions. Partner with the industry’s leader to make your backyard dreams come true!
- Low, fixed rates
- Loans up to $200,000
- Multiple programs with terms up to 30 years
- Direct cash to consumer loan programs now available
- No consulting fees
- No prepayment penalties
- No equity or appraisals for signature loans
- Electronic documents for fast approvals
- Partner with homeowner and pool professional until project is complete
Start your Lyon Financial pool loan process by completing an online application. A member of the loan team and one of Lyon’s lenders will review your application. You’ll get a personalized response from a loan team member who will review all terms, conditions and work to pair you with a loan program that best works for your needs. You’ll receive a conditional approval within 24 to 48 business hours.
To qualify for financing with Lyon Financial, Lyon will evaluate your overall credit health. Typically, it looks for a debt-to-income ratio (DTI) of 50% or less, which will include the pool loan amount you are requesting. Lyon also looks at any negative blemishes on your credit report, including recent bankruptcies or liens. Lyon Financial will review your credit through a TransUnion report, however, its lenders may look to any of the other major reporting bureaus, including Equifax and Experian.
To ensure your credit does not take hit after hit, Lyon streamlines the qualification process by first running its credit check through TransUnion, then determining which of its lenders may best suit your needs. From there, that lender will run their own credit check. This is in contrast to other competitors who will run concurrent credit checks across multiple lenders, resulting in unnecessary hits to your credit score due to multiple inquiries.
To make sure your pool is proceeding as-planned, payments are disbursed to builders in stages, based on project milestones. Before Lyon Financial issues a payment, you’ll be required to complete a short electronic form to confirm that all work for a specific stage of your project has been completed. Typically, there are at least three stages to every pool project. Once the finishing touches have been put on your pool and you confirm that you’re happy with the work, the final funds are then paid out to your builders. Should any conflicts arise throughout the process, Lyon Financial will arbitrate between you and the builder.