How to get a loan for RV
Looking at all the forums, none are a perfect fit so will ask here, my apologies if not the best sub-forum. Trying to figure out how much I can get in a loan. I need some help with loan basics as ...
Forum Discussion
et cetera wrote:toedtoes wrote:
On another thread, you indicated you wanted to buy a 5 acre lot to put the RV on and live. If that's the case, I don't understand why you wouldn't just buy a small house or condo. If you decide to leave the area in 3-5 years, you can sell it. Meanwhile you have a place to live that is not going to get you in another custody battle.
It just sounds like you are putting so much time and effort into trying to make an unconventional lifestyle work for a short time frame.
Why not just be conventional until your son turns 18 and then jump into the unconventional with no barriers? At that time, you can sell the house, buy an RV and go anywhere.
The bank (banks and CU) deny the loan at every point for any amount so buying anything is not an option. At this point anyway. If I can't get a 20 or 40K RV loan, how can I get a 500K loan for a house here? Or, to put it another way, I am way more likely to get a 40K RV loan than a house loan that's 10-15 times as much.
I am likely stuck in DC area for a few more years. Just moving place to place.
Actually that is not true. There are programs out there specifically for first time home buyers with little to no credit histories.
FHA, credit unions and online or smaller lenders are potential sources. And they will look at alternative sources to show worthiness. Getting a record of your rent payment history can help too.
