Fulltimers RV Loan Dilema

[wandering]

Has anyone used Essex Credit, Beacon Credit or Etrade to finance a MH since all these rules have changed in the last 2 years or so? Or anyone else that caters to fulltimers without all the stipulations?
We are working on a "new to us" MH. We have never had a problem getting a loan ever, but now that we are fulltimers, things are not so good even though we have excellent credit, plenty of income & assets. Our former sources now require that you have "stick and/or bricks" property somewhere in the continental US! The ones that will accept us as we are, have much higher rates. (10.0 - 11.75!!!) One outfit even wanted us to start drawing from our IRAs (!!!!???!!) so we would have more income even though we don't need or want it & they couldn't give a good reason why except that fit their model better. The credit union is now going shorter term & therefore higher payments (which we don't want), but the interest rate is acceptable. We are also licensed in SD & 2 places flat out said they don't deal with SD Alternative Resources folks!! We had no idea how limiting a spot we have gotten ourselves into! Any ideas? Help please!

["007"]

Here is a link to a Full Timers web site with RV Loan companies. Maybe you have been there.
Read some theads didn't say they wouldn't offer loans.

[bigdomino]

We are in the same position. I have found that Essex Credit seems to do full timers. When I spoke to them they said yes. At the time a loan was 6.12% for non-full time and 6.5% for full timer. I notice today the rate has lowered to 5.87 for non-full imer.

Steve___

[LindaH]

We have been fulltimers since 1998 and during that time have purchased several RVs and automobiles all with loans. Never have we ever had a problem getting a loan because we were fulltimers. The last RV loan we got was in May 2009 for a slide-in truck camper.

We don't advertise the fact that we are fulltimers, and none of the loan companies have ever asked us if we were fulltimers (we would have told the truth if we'd been questioned about our status).

We've also never had problems with using our mail forwarding address for loans (or new credit cards or bank accounts). We always use "#" when writing our address, never "PMB" and, just like our fulltimer status, we don't advertise the fact that the address is a mail forwarding service and not a sticks and bricks house. Again, we've never been questioned about the address.