Go Back   iRV2 Forums > MOTORHOME FORUMS > Class A Motorhome Discussions
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
Thread Tools Search this Thread Display Modes
Old 01-28-2013, 08:27 AM   #1
Join Date: Dec 2012
Posts: 42
Rv Financing

We are considering buying our first RV. Does anyone know what the financing requirements are?
Our credit score is 650 due to a couple of years on disability without very minimal income. Our income has greatly increased since I started receiving my VA Disability income. Any suggestions or advice as where to look for financing.

blntln is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 01-28-2013, 08:34 AM   #2
Senior Member
NukeRef's Avatar

Winnebago Owners Club
Join Date: Aug 2012
Location: Horse Country, FL
Posts: 169
Bank of America financed ours last year.

2012 Itasca Meridian 36M
2012 Jeep Wrangler
NukeRef is offline   Reply With Quote
Old 01-28-2013, 08:34 AM   #3
Senior Member
Triker56's Avatar
Fleetwood Owners Club
Join Date: Jun 2009
Posts: 3,697
Check at the bank that your disability check is direct deposited in.
They may require you to put 20% down on the RV.
Triker56 is offline   Reply With Quote
Old 01-28-2013, 12:56 PM   #4
Senior Member
MartinP's Avatar
Rexhall Owners Group
Join Date: Aug 2012
Location: Merrill, Oregon
Posts: 513
I think alot depends on the age of the MH also. We have a very good credit score but due to the age of the MH we were required to put down 30%. The dealer found the finance company (credit union). I would look at credit unions.

Martin Picke'
1998 Rexhall Anthem 34' DP, Cummins ISB, Allison 5 speed, Spartan Chassis, 300 watts solar.
MartinP is offline   Reply With Quote
Old 01-28-2013, 02:36 PM   #5
Senior Member
Dan DeBruin's Avatar
Join Date: Aug 2010
Posts: 268
We have had one financed at a local bank that we had our mortage for our S&B. The second one we got when the dealer hooked us up with M&T. Gave us the best rate. It is not as easy as a few years back with the lending requirements but if you have the income to afford it, you should be able to find someone to finance you. If you are buying from a dealer, the will get you the best rate because of the kick backs for high volume use of the banks. Just my humble opinion.
Dan and Kathryn DeBruin plus dogs
2005 Newmar Dutchstar 4009
Victor NY
Dan DeBruin is offline   Reply With Quote
Old 01-28-2013, 02:40 PM   #6
Senior Member
rvbunz's Avatar
Thor Owners Club
Damon Owners Club
Ford Super Duty Owner
Coastal Campers
Carolina Campers
Join Date: Jul 2012
Location: Jacksonville, NC
Posts: 855
Seems you are a vet, so do you belong to USAA? I applied for a rv loan on-line and it seemed as so as I hit the submit button I was approved. You may want to call them since your credit score is 650, most lenders want it at about 720. If you show your increased income they may help you out. Have you found a MH yet? That would probably help, so you can have an amount ready. Good Luck

Capt USMC (Ret)
2003 Damon Challenger
rvbunz is offline   Reply With Quote
Old 01-28-2013, 03:11 PM   #7
Senior Member
dabrooks's Avatar
Tiffin Owners Club
Join Date: Sep 2012
Location: Maryland
Posts: 800
We bought through a consignment dealer and they arranged financing with M&T. We bought a 2001 class A and put no money down.

dabrooks is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

» Virginia Campgrounds

Reviews provided by

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities

Copyright 2002-2015 Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 07:37 PM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.