Eligibility
Here’s what most marine lenders look for. Pre-qualification is quick and has no impact on your credit.
Basic requirements
- U.S. resident, age 18+ (or state minimum)
- Valid government-issued ID
- Verifiable income and U.S. bank account
- Minimum down payment typically 10–20%
- Insurance required before funding
Boat guidelines (typical)
- Most popular types supported (sail, cabin cruisers, pontoons, PWCs, etc.)
- Age, length and value limits vary by program
- Surveys/bill of sale may be required for certain used boats
- Dealer or private-party purchases supported
What impacts your offer
- Credit profile and history
- Debt-to-income ratio
- Down payment and term
- Boat type, age/condition and usage
- State taxes, title and registration requirements
What you may need
- Driver’s license
- Recent paystubs or other income verification
- Insurance binder (prior to funding)
- Purchase agreement / bill of sale
- For used boats, survey or inspection (when requested)