Many RV financing companies allow you to apply online or over the phone.
Whether you're looking for an RV loan for a new or used unit, or possibly looking to refinance an existing RV, you may be able to save hundreds or thousands of dollars by applying online.
One advantage provided by online companies is the speed of application approvals. You can apply online and often receive approval for your RV loan in less than a day. Upon approval, you will often be sent a check that you may use to purchase your new Recreational Vehicle. Read on for more advice.
RV Loan Tips
In order to receive RV financing, most lenders will have similar requirements. For initial approval, you should be prepared to provide:
Be prepared to provide 20% of the cost as a down payment on the RV loan.
Expect an RV loan term length of about 12 years (although they can be shorter, if you wish, and sometimes they can be longer)
RV specifications (Year, Make, Model, Length, Gas or Diesel, Mileage, Engine Make, Horsepower, etc...)
Good credit record/history. If you're not sure about your score/history (and even if you think you are), you should probably check to make sure that there are no mistakes. You can get a free credit report here
Two years of tax returns and W-2 forms (if you're self-employed, you will probably be required to also provide two years worth of company tax returns)
