A typical down payment is 20% - however, each lender varies based on loan amount and collateral value.
Fixed rate program Term limits vary based on loan amount. Typically loan amounts over $100k can go to 20 years and loan amounts under $100k can go to 15 years.
Once your loan officer has a complete package including a signed loan application and financials, a bank decision will take 2-4 days.
Most lenders lock rates for 30-60 days.
Most lenders require a boat for an approval decision, however, we can provide pre-approval based on financials and credit analysis.
Rates are based on several criteria: