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Old 02-18-2015, 10:19 PM   #1
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Nomad Mike's Avatar
Winnebago Owners Club
Join Date: Nov 2014
Location: Nomadic - Currently Near Lassen NF
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Financing and Location

I'm not sure which way to go on this, so I thought I would ask before I just took the possibly wrong step.

I'm shopping for a Class A and would prefer to get pre-approval on the financing. I hope to buy within the next month, but I also have the opportunity to relocate to MT from my high tax state of CA and can do so in the next couple of weeks. By summer I would be full time and keep my MT residence - it's free rent for helping a friend in need. I'm retired and rely mostly on SSAN, so tax relief is a big benefit.

The question is do I move first or apply first? If I move I will have a new address only days old but if I apply first, I live in my long term residence which I own part of - no mortgage though so I don't know if it even shows financially.

Would there be an issue with lenders if I move and registered in a state where I did not reside when I applied?


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Old 02-18-2015, 10:35 PM   #2
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Damon Owners Club
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Your Banking address and billing address do not have to be the same as your Montana resident address.

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Old 02-18-2015, 10:43 PM   #3
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Sure, but the loan application asks for residence address and if less than 3 years your previous address.

I've read that lenders like your residence to be long term - at least 2 years and not two weeks as it would be if I moved first.

Maybe I'm over-thinking it and should just apply and get my move done while hunting the RV and let the dealer deal with my address change.
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Old 02-19-2015, 08:16 AM   #4
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Location: Silver Springs, FL. USA
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Lenders love stability. I would apply first.
Gary Brinck
Former owner of 2004 American Tradition
Home is in the Ocala Nat'l Forest near Ocala, FL
Summers in Black Mountain, NC
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