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RV lending

  • 1.  RV lending

    Posted Jul 28, 2020 09:56 AM

    Good morning! Just doing a quick survey to see what kind of financing terms various credit unions around the country are offering on RV's- new and used.  If you have a moment and wouldn't mind sharing, that would be great.  Thank you in advance!

    (For example, rate, term, LTV)




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    Debra Evans
    President/CEO
    Embark FCU
    Great Falls MT
    406.791.2861
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  • 2.  RE: RV lending

    Posted Jul 29, 2020 12:56 PM
    Our terms are from 36 months to 180 months. Our rates are about the same as our boats rates. Currently  6.25 to about 8.00. We offer discounts for members for additional products and services of about 1% off. We typically will go 90% LTV but that is flexible based on member profile and credit score. Hope this helps.

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    Jack Click
    President/CEO
    Associated CU of Texas
    League City TX
    409.945.4474
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  • 3.  RE: RV lending

    Posted Jul 30, 2020 05:49 AM
    Rates range from 3.09 to 6.09 with terms from 48-120 months.  Our LTV max is 120%, but only for the A tier.

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    Felicia Langley
    AVP Consumer Lending
    Enrichment FCU
    Oak Ridge TN
    865.482.0045
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  • 4.  RE: RV lending

    Posted Jul 31, 2020 02:59 PM
    At VyStar CU, Jacksonville, FL the following applies:

    NEW
    Up to 60 months 4.50%
    61 -72 months 4.50%
    73 - 84 months 5.25%
    85 - 96 months 5.25%
    97 - 108 months 5.25%
    109 - 120 months 5.25%
    121 - 144 months 6.75%
    145 - 180 months 7.75%
    USED
    Up to 60 months 4.99%
    61 -72 months 4.99%
    73 - 84 months 5.75%
    85 - 108 months 5.75%
    109 - 120 months 6.75%
    121 - 144 months 7.75%
    145 - 180 months 8.00%
    Trust this helps.

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    Kem Siddons CCD
    Treasurer/Board
    VyStar CU
    Jacksonville FL
    904.252.2826
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  • 5.  RE: RV lending

    Posted Jul 30, 2020 08:29 AM
    Good morning Debra- We offer our recreational vehicle product through our direct and indirect channels. Our structure is outlined below.

    Terms: 72 months - 180 months
    Credit scores: 750+ - 500
    Rates: 4.39% (tier 1)-13.14%
    LTV: 120% (tier 1)- 100%

    Hope this helps.
    Robyn Mannone
    Aberdeen Proving Ground FCU
    SVP of Consumer Lending
    410-612-2330

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    Robyn Mannone
    VP/Retail Lending
    APG FCU
    Aberdeen MD
    410.272.4000
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  • 6.  RE: RV lending

    Posted Jul 31, 2020 12:44 PM

    We have a grid for our RV lending so terms vary based on credit and term of the loan.  We go up to max 15 years and 110%LTV, and rates are as low as 3.49%.

     

    Kim Westphal

    President/CEO

    HomeTown Credit Union

    2400 W Bridge St, Owatonna, MN 55060
    (507)455-6728


    www.hometowncu.coop

     

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  • 7.  RE: RV lending

    Posted Aug 10, 2020 08:45 AM
    Debra - in addition to my original reply, although we will do 100% based on members overall profile, we generally require 10% down payment on RVs.  Trust this helps.  Regards, Kem

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    Kem Siddons CCD
    Treasurer/Board
    VyStar CU
    Jacksonville FL
    904.252.2826
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