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Old 03-07-2013, 08:31 PM   #1
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financing

I am looking into going fulltime. I will retire from teaching after 34 great yrs.
We have to sell our home in order to afford a decent dieselpusher. That our dilemma. After months of researching I finally discussed financing at a dealership. They informed me that banks no longer loan to fulltimers. Will I need to put my 80 yr old mother's residence in another as my new permanent residence? I really don't want to deceive the bank. My pension is good enough to make payments and live comfortably. Are there banks that will loan to fulltimers? Is there a age of coach that they will no longer make loans on?
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Old 03-07-2013, 09:11 PM   #2
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Good Sam thru Essex will finance Full Timers.
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Old 03-07-2013, 09:36 PM   #3
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Credit union.
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Old 03-07-2013, 11:35 PM   #4
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Your better off , if your going to / have to finance , to do so before you become a full timer. While some lenders do lend to full timers they do so at a higher interest rate and with larger restrictions on loan to value and age. Without a hard address they see you as a higher risk ( where can they find you? )
Your moving in to " moms " could also be a red flag as you just moved ..most people I know buy the rig before they sell the house too bad that's not possible in your case.
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Old 03-08-2013, 02:22 AM   #5
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Definitely look at your local credit union. I financed my coach with LGE Community Credit Union here in the Atlanta area and they were the most flexible. They lent me $ at 90% of the Average NADA value and since my coach price was well under this cap, it was a piece of cake to get the loan.
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Old 03-08-2013, 04:03 AM   #6
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Originally Posted by esfritzi View Post
Definitely look at your local credit union. I financed my coach with LGE Community Credit Union here in the Atlanta area and they were the most flexible. They lent me $ at 90% of the Average NADA value and since my coach price was well under this cap, it was a piece of cake to get the loan.
Did the same years ago and was pre approved, just found what I wanted and done deal. Check out your local credit union.
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Old 03-08-2013, 05:37 AM   #7
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Alliant Credit Union also caters to FTers
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Old 03-10-2013, 08:13 PM   #8
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Quote:
Originally Posted by dragondana View Post
I am looking into going fulltime. I will retire from teaching after 34 great yrs.
We have to sell our home in order to afford a decent dieselpusher. That our dilemma. After months of researching I finally discussed financing at a dealership. They informed me that banks no longer loan to fulltimers. Will I need to put my 80 yr old mother's residence in another as my new permanent residence? I really don't want to deceive the bank. My pension is good enough to make payments and live comfortably. Are there banks that will loan to fulltimers? Is there a age of coach that they will no longer make loans on?
By no means should you deceive your bank...think how honest they've been with you over the years...Lol
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