Hfsfinancial Reviews

HFS Financial - Swimming Pool Loans - Home Improvement Loans

hfsfinancial.net
3.83
116 reviews
Great Rating
Based on 116 user experiences

Rated 3.83 out of 5 by 116 Happy Customers

51.7%
17.2%
7.8%
5.2%
17.2%
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B

I wouldn t say they are a bad Company

I wouldn t say they are a bad Company but I wouldn t say they are the top pick as I have dealt with several as I do my own research on each company and business So to be exact my first time calling HFS I spoke to a female who claimed to me and that me and my wife had to make up to 100 000 together in order to obtain a loan I then called back and spoke to a completely different person who said that was untrue and that it goes by credit score and other factors Well me and my wife on all 3 credit bureaus have a credit score of 740 and 766 I was told for 50 000 dollar pool loan at a 7 99 rate would run us about 528 00 a month They were honest which I respect but as the only area I find interesting is this was a soft check and not a hard check as they claimed my wife s score was low Plus the payment was off and I told the gentleman about this and I was told there are 3 scores the bureau s use I find this true but again our scores with another business was on point and our payment was made for 380 00 Well that s ok I won t argue on there end as there are 3 different checks on credit scores But what I do find hilarious is when I spoke with the guy and he said be careful if I go with another business because once the funds go to a contractor that s it and I can t get the funds back Well this is many reasons why you never let the right hand know what the left hand is about to do That s why you make sure who the business is how much each project is and read the contract thoroughly I also have two attorneys that I hired to insure that they read each contract where I would not have to worry or overlook anything For this guy to make a statement like this was a joke as he assumed I don t realize how life works I know more about contracts and reading everything to include the small print so you are fully covered For this business to make statements and claims about how mch income is needed for a small loan credit scores and contractors was interesting enough for me to stay away Glad to see it worked out for others
M

Communication

Communication is key If your lender does not review docs completely you need a new lender
M

Hidden fees

Service was 5 star but they failed to tell us about the 2 thousand dollar fee for their services that they took off the top of the loan
W

Slow process

Was not fast told us that different lenders approved our loan come to find out that it didn t go through so we needed to look at more lenders Once everything on NASAs end was finally done the loan was completed in 3 days
R

Alan did a good job but charged to much in fees

Alan did a good job though the origination fees were excessive and should have been half of there cost I would not redo the loan again with the same cost and just go straight to the source in the future If the fees were more reasonable I would have given 5 stars
F

We used HFS to obtain a pool loan

We used HFS to obtain a pool loan We ultimately had to obtain 2 pool loans after the HFS financial representative advised us to request 2 loans and one wasn t ultimately serviced by HFS This was not what we originally was told and it was not appreciated when we had to find this out after we applied It all worked out but I am not sure I would use HFS again knowing they changed what was said from the beginning I don t like games so this wasn t my ideal transaction
C

HFS was ok

HFS was ok but our loan took way too long and the online experience is not great Where my actual loan got fed to has ended up being a problem as well Their automated payment system is terrible and originally our loan didn t even show on the statement In today s electronic world these things are not acceptable The only real positive is that the money got deposited into my account and not the contractor
H

500 Administration Fee and 2 100

500 Administration Fee and 2 100 Underwriters Fee Ridiculously High prices and they don t warn you about these I had to cancel my project due to town regulations and found out these were the amounts I still owe hsf After contacting one of their Senior Consultants he somewhat plain and simple and reluctantly I may add sent me an email response with these amounts What a disappointment and bunch of bs
J

Loan application process is slow and cumbersome

While the people I worked with at HFS were all very professional and seemed eager to assist me their process for obtaining a loan is slow and cumbersome I understand the need for complete documentation but when their underwriters asked for information on the vendors I was planning to use it got to a point where every day they were asking for more and more information They wanted business license information - which I understand - and they said that they needed me to do the research for the business licenses because they were unable to locate the information themselves A simple 5-minute search of the state licensing board provided me with all of the information they could have found themselves One of the contractors doesn t have a business license because for their business it s not required in the state that I live in The contractor does have all of the required insurance yet HFS said I still needed to get information on their business license I noted to HFS that this particular business is listed in the drop-down menu on their website but apparently that didn t matter After more than 2 weeks of going back and forth with the loan processor and underwriting I decided to withdraw my loan application as I will pay for the project myself I had submitted the loan application because I wanted to finance the project for tax purposes The loan process I underwent with HFS was significantly more difficult that the mortgage loan process we went through to purchase our house and with a credit score of over 800 I don t understand why the process had to be as complicated as it was

About Hfsfinancial

HFS Financial offers the easiest home improvement financing and swimming pool loans with up-front funding. You Dream It, We Finance It.

United States

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Frequently Asked Questions

HFS Financial is not a direct lender but a specialized lending connector service. It operates an online platform that facilitates loans for specific, high-value purchases. The company's core services include connecting borrowers with lenders for timeshare financing, manufactured and mobile home loans, home improvement financing, and medical financing for elective procedures.

The process begins with completing a single online application form on hfsfinancial.net. Applicants provide personal, financial, and loan-specific details. HFS Financial then matches this application with potential lenders in its network. Importantly, the initial application involves a 'soft credit pull,' which does not affect the applicant's credit score. A formal credit check typically occurs only if the applicant chooses to proceed with a specific lender's offer.

Key benefits include the convenience of submitting one application to potentially receive multiple loan offers from different lenders, saving time compared to individual applications. The service provides access to a network of lenders specialized in niche loan types like timeshares and manufactured homes. The platform also offers educational resources on relevant topics and is accessible nationwide with customer support via phone and online channels.

The initial application process with HFS Financial involves a 'soft credit inquiry' or 'soft pull.' This type of credit check is used for pre-qualification and does not impact your credit score. A 'hard' credit inquiry, which can affect your score, would only be conducted by a specific lender if you decide to move forward with their formal loan offer.

HFS Financial specializes in connecting borrowers with lenders for several specific loan types. These include financing for purchasing, refinancing, or renovating timeshare properties; loans for new and pre-owned manufactured or mobile homes; home improvement financing for renovation projects; and financing for elective medical, dental, and veterinary procedures not fully covered by insurance.

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About Hfsfinancial

HFS Financial: A Comprehensive Overview

HFS Financial operates as a specialized lending connector service through its online platform at hfsfinancial.net. The company has established a clear niche in the financial marketplace by focusing primarily on facilitating loans for specific, high-value purchases. Their core mission appears to be simplifying the financing process for consumers seeking to borrow money for defined goals, acting as a bridge between borrowers and a network of potential lenders.

Core Services and Specialization

The website clearly positions HFS Financial not as a direct lender, but as a matching service. Their expertise is concentrated in several key lending verticals:

  • Timeshare Financing:This is a prominently featured service. HFS Financial connects individuals looking to purchase, refinance, or renovate timeshare properties with lenders who specialize in this unique type of secured loan.
  • Manufactured and Mobile Home Loans:The company assists with financing for both new and pre-owned manufactured homes, which often have different financing requirements than traditional site-built houses.
  • Home Improvement Financing:They offer options for funding renovation projects, including solutions for homeowners who may need to access equity or secure a loan for upgrades.
  • Medical Financing:HFS Financial provides a service to help patients arrange financing for elective medical, dental, and veterinary procedures that may not be fully covered by insurance.

The Application and Matching Process

The process as outlined on hfsfinancial.net is designed for user convenience. It begins with a single, online application form. Prospective borrowers provide details about themselves, their financial situation, and the specific loan they are seeking. HFS Financial then utilizes this information to match the application with potential lenders within its network. A significant point of emphasis is the claim of a "soft credit pull" for the initial application, which means this preliminary step does not impact the applicant's credit score. A formal credit check would typically only occur once the applicant proceeds with a specific lender's offer.

Key Features and Value Propositions

The website highlights several benefits for using their service:

  • One Application, Multiple Offers:The core value is the ability to potentially receive multiple loan offers from different lenders through a single application, saving time and effort in comparison to applying separately to numerous institutions.
  • Specialized Lender Network:Their focus on niche loan types suggests their connected lenders have experience with these specific products, which can be advantageous for approval chances and terms.
  • Educational Resources:The site provides basic information and guides on topics like timeshare ownership and understanding loan types, helping inform consumers before they apply.
  • Accessibility:The service is presented as being available nationwide, with customer support accessible via phone and online channels.

Overall Positioning

HFS Financial caters to consumers seeking structured financing for particular major expenses. Its website functions as a streamlined portal for these specialized loan needs. By aggregating lender options, the service aims to reduce the complexity and legwork typically involved in shopping for niche financing. It is important for users to understand that HFS Financial is a connector service, and final loan terms, rates, and fees are determined solely by the lending partner that extends the offer. The platform’s strength lies in its focused approach on specific financing categories that are not always easily addressed by conventional banks or generic loan comparison sites.