rv loan process once approved
Once I am approved for the rv loan, what documents do
you require to finalize the loan?
. Upon approval, we will require
- title (copy of
front and back )
- seller contact
Information (name, address, phone #)
- lien pay-off (as
applicable)
- copy of all
applicants’ driver's license
- proof of full
coverage insurance with a minimum of $500 deductible
- other documents
from Southeast Financial
- proof
appropriate lien holder information will be recorded
Another question we get asked alot is
How lengthy of a term can I get a rv loan for?
A. The terms will differ dependent upon the unit selected, amount
you request to finance and credit profile. Typically on a RV, financing
above $25,000.00 you can receive up to a 180 month term (15 years) in some
cases extended terms maybe available. If you financing rv over
$10,000.00 you can receive up to a 120 month term (10 years) and in some cases
extended terms maybe available.
How much down payment is required?
A. With the fluctuations in today's economy and market, more times
than not the lenders are demanding a minimum of 10% down on new
units, but with excellent credit there are some no-money down programs
available.
Types of RV’s:
Travel Trailers
Heavier units with rigid sides designed to be towed by most
vehicles by means of a bumper or frame hitch.
Fifth Wheel Travel Trailers
Designed to be towed by a pickup truck equipped with a special
hitch in the truck bed.
Campers
Campers of all types, excluding folding or "pop-up"
camper trailers with sides that collapse for towing and storage.
Motorhomes