RV Financing

RV Financing FAQ's

1. Can I apply for credit online?
Absolutely, simply visit our online rv financing credit application and “Submit”. If you prefer to apply by mail or fax, print out the fax rv financing application and submit via fax to: (740) 931-3282 or via U.S. postal service to:

Diversified RV Financing
Attn: RV Financing Application Dept
5151 S. Julian Drive
Tucson, AZ 85706.

2. What if I do not wish to apply without knowing what my rate will be?
If you are shopping rates and would like more information about our lenders current rates for the make and model RV you are interested in, simple complete our loan application and a representative will contact you to discuss rates and financing options. There is no obligation and the application is free.

3. Is my RV loan going to be tax deductible?
For more information, you can contact your tax professional or the IRS.. It is possible that the interest on your RV loan is deductible as second home mortgage interest. To qualify, the RV must be used as security for the loan and must have basic sleeping, cooking and toilet facilities. Many motor homes, travel trailers, fifth wheels, truck campers, and even some tent trailers are equipped with these facilities.

4. What will my interest rate be?
Your interest rates are determined by several factors including the loan amount, finance terms, and your credit history. Interest rates do change often due to bank portfolios and changes made by the Federal Reserve. D RV Financing offers the lowest interest rates and most favorable finance terms on the market.

5. Am I required to have a down payment?
Most often a 10% minimum down payment is required by the lender to show good faith in your commitment. The lender will finance up to 90% of the total purchase price including the sales tax on the vehicle.

6. How long does it take to get a response from the RV lender?
A lenders response time with a decision is usually within 24 to 72 hours after receipt of your completed application.

10. Do I have to have the RV of choice chosen prior to receiving a loan?
No, you can get pre-qualified for an RV loan amount. Many customers obtain a pre-qualification approval prior to shopping for their vehicle.

11. What types of RV’s can I finance?
Included in the RV category of lending are new and used motor homes, van conversions if used for pleasure purposes only, travel trailers and 5th wheels.

12. Are there loan processing or originating costs associated with an RV loan?
Our lenders do not charge an application fee or points that would otherwise be associated with closing on your loan. However, there could be a small lien-recording fee.

13. Do you also grant loans for refinancing my existing RV?
Yes, refinancing is a great option if you wish to lower your original interest rate or monthly payment.

14. How will I receive my funds if I am approved?
Once you have completed all of the necessary loan documents and everything has been verified and approved the funds will be issued to you and to the seller if appropriate, or in the case of a refinance of your existing vehicle, the funds will be disbursed directly to the current lien holder.

15. Do you offer payment through automatic checking account deductions?
Yes, if you wish to have your loan payments deducted directly from your checking account each month you will simply complete a short form at the time of loan acceptance and closing.

17. Do I have to have insurance prior to getting accepted for an RV Loan?
RV insurance is necessary at the time of closing on your loan to show the lien holder. Please contact your insurance company, or look online for a reputable insurance broker to help you with your insurance needs.