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
