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RV Financing in Michigan
RV Loans Starting at $35,000.00 with Refinancing Options Starting at $75,000.00 and up
Credit Scores 690 or Higher Are Required

RV Financing in Michigan - New & Used

As a national lender with over 30 years experience, the team Chesapeake Financial are not only RV financing experts, we’re RV enthusiasts. We make RV adventures on the open road possible with our services every day in Michigan. Our business is built upon treating each customer with respect and helping them achieve financing for the RV of their dreams. You’ll love our services. We work within your budget, protect your credit, and evaluate your income to best match you with a new RV loan that fits your needs.

 

We treat our customers right and prove it everyday. When you contact us, you’ll be speaking with an expert in the field, not an automated system.

 

We’re the number one in recreational vehicle loans nationwide and proud of it. We work to ensure that every possible option is considered before making a loan determination, including your payment term and credit rating. 

Our fast process also ensures that you’ll receive a response within 24 hours. We’ll go farther to qualify you for a new or used recreational vehicle loan than a bank would ever think about doing. We have the expertise in the industry to secure financing for you and if we can’t get you a loan, we’ll let you know why.

Ready to begin?

Apply Online or Give Us a Call and Receive a Response in 24 hours!
Apply Online
(877) 787-6764
Financing Options to Fit Your Lifestyle

Flexible RV Financing in Michigan

Benefits of selecting Chesapeake Financial as your National Lender for New RV loans

 

At Chesapeake Financial, you can receive RV financing, even if you are:

  • Self Employed
  • If you have trouble proving your income, we may just have the solution for you
  • Do you have budget concerns or other worries, let’s give it a shot

We also offer the following benefits:

  • Loans start at $35,000 after down payment
  • Great rates & payment terms
  • Easy & secure online application process
  • Easy prequalification with our simple 5 question phone call
  • 100% financing available (for loans under $49,999 on 2018 models and up with appropriate credit scores and proper valuations)
  • Flexible proof-of-income requirements
5th wheel RV Financing

An RV loan is possible for those seeking RV financing in Michigan. Our experienced crew has worked with various incomes, employment statuses, and more. Chesapeake Financial is equipped to help almost anyone achieve the RV ownership they’ve been dreaming of.

When you’re ready to begin, apply for an RV loan on our website. We are also available to assist you with RV loans over the phone, and we will return your call on the same day if you happen to catch us out of the office. All you have to do is leave a voicemail. We’ll call you back the same day you call us.

With a promised response in 24-hours or less and sometimes even an instant approval, all you need is a high credit score and you’re off to the races. What are you waiting for? Your RV loan is waiting for you, and we want to help you get it.

We do not finance recreational vehicles that are older than 2008. Credit scores 740 or higher are required for RVs older than 10 years or older.

We Can't Finance a Boat Loan if You've Had Any of the Following Events

  • Late Child Support Payments
  • Bankruptcies
  • Foreclosures
  • Credit Score Below 690
  • Forebearances
  • Late Car Payment
  • Late Mortgage Payment
  • Full Timers
(877) 787-6764
RV Financing for campers
Down Payments You Can Afford

New and Used RV Loans in Michigan for Broker, Dealer, & Private Sales

Whether this is your first RV purchase or you’ve been traveling on the open road for a while, Chesapeake Financial can secure funding for your new or used RV purchase. We offer the best loan rates, payment terms, and exceptional customer service that you’ll be hard-pressed to find anywhere else in Michigan. 

The RV loan application process is simple. We protect your credit file and evaluate your income to secure you the best RV loan possible to fit your budget. Our process ensures a seamless transition from online application to funding for your next RV. We even counsel you through the Michigan titling process. If you have any questions at any time, we’re only a phone call away. Check out our loan information below and give us a call to get the process started.

New and used RV loans begin at $35,000 and go as high as $2 Million. We do not finance RVs that are older than 15 years of age. Interest rates vary by credit scores, age of RV, and equity positions. The wholesale value must be $50,000 or higher on used RVs 10 years old or older and it is extremely difficult to finance RVs that are older than 15 years of age.  Please refer to the RV Loans page for what we can and cannot finance and the required down payments section for the size of the down payments needed to proceed.

Minimum down payments options:

  • 10% on RV loans up to $99,999 (we can even arrange 100% financing up to $49,505.00 on 2018 model years or newer with appropriate credit scores and high enough valuations)
  • 15% on RV loans over $100,000
  • 20% on RV loans over $500,000
  • No income verification required on loans under $100K and up to $149,999 on RVs 2018 and newer.
we look at your needs

RV Loan Interest Rates that Work for You

The interest rate on an RV loan is based on the age of the vehicle, the total amount financed, your credit score, and vehicle valuation. We work with you to find the best rate possible for your situation. 

Documents You'll Need

RVs older than 2018 and are over $100,000 normally require full documentation including two years tax returns and a personal financial statement. Exceptions may apply. With proper scores, we can offer loans on 2018 models and newer up to $149,999 with no or minimal documentation. On RVs older than 2018 and over $100,000 your personal financial statement will need enough liquid assets to cover the loan.

RV Loans for Campers and 5th Wheels

Refinancing Your RV Loan

Do you need to refinance your RV? Now’s the perfect time! Whether you’re wanting a lower payment, a better interest rate, modifying your ownership, or simply looking to extend your payment term, you’ll find that refinancing your RV loan is a simple process with Chesapeake Financial. You’ll receive a fast response after submitting your online application through our secure portal. If you have any RV refinancing questions, feel free to give us a call. We look forward to speaking with you soon.

 

Refinancing loan amounts start at $75,000 with proper valuations. 

 

Documents You’ll Need

RVs older than 2018 and over $100,000 normally are subject to full documentation including two years of tax returns and a personal financial statement. Exceptions may apply.

 

Your personal financial statement will need enough liquid assets to cover the new loan. 

 

RV valuations are an important consideration prior to purchasing. Contact us for valuations especially for private sales. We won’t run your credit report until we know that the RV valuation is within the valuation of the sales price.

RV Travel in Michigan

Michigan is known as the Great Lakes State and found in the midwest of the country. Because it is home to over 11,000 inland lakes, it is the ultimate paradise for water lovers in the state. With an impressive 78 state parks, 19 state recreation areas, and six state forests, it is home to the biggest state forest system and state park in the country. Here, you’ll find out that lush greenery and sparkling water are never too far away.

RV on road

White River RV Park & Campground

Located in the beautiful Muskegon County in west Michigan, the White River RV Park & Campground is just minutes away from the sandy beaches of Lake Michigan. You’ll also see many popular attractions here, such as Silver Lake Sand Dunes, Michigan’s Adventure Amusement Park, Pere Marquette Park, and more. This campground has been divided into various sites which all carry hook-ups of varying use. Because the lake is closeby, you’ll find plenty of activities to do here. 

  • 229 full hook-ups 
  • Rustic sites 
  • Heated swimming pool 
  • Camp store 
  • Recreation hall
  • Picnic shelter 
  • Laundry room 
  • Dump station 
  • Wi-Fi 

Harbortown RV Resort

You’ll find Harbortown RV Resort in Southeast Michigan, right on the beautiful Lake Erie, where it will give you the best trip of your life in your new RV! The resort is located close to many of Michigan’s celebrated attractions such as River Raisin Battlefield, Greenfield Village, and the Henry Ford Museum. Offering daily and weekly rates, this campground has plenty of amenities for visitors to enjoy, including: 

  • 50 RV sites with full hook-ups
  • Wi-Fi and cable 
  • Swimming pool
  • Showers and restrooms 
  • Cell reception 
RV financing Michigan

South Haven KOA Holiday

This award-winning campground and RV park is located in the southwest area of Michigan and is home to famous regions such as South Haven, St. Joseph, Saugatuck, and Holland. Just like every other KOA’s, they offer great on-site activities. If you wish to find other places of adventure, you can make your way over to some of the most popular tourist attractions in the state, such as South Haven Light, the Michigan Maritime Museum, Van Buren State Park, and Chocolate Garden. 

  • 95 RV sites with full hook-ups
  • Heated pool 
  • Showers and restrooms 
  • Wi-Fi and cable TV
  • Cell reception 
  • Snack bar
  • Pavillion 
  • New Activity Center 
  • Picnic tables 
Is Your RV Covered

RVs Covered Under Used RV Loans and New RV Loans

Not looking for a new RV? Chesapeake Financial can provide RV loans in Michigan on 2008 model years and newer. We consider diesel model years on a case-by-case basis. The Used RV loans vary depending on the size of the loan, the age of the vehicle, and credit scores. We accommodate broker, dealer, and private sales for RV financing.

We Offer RV Loans For:
  • Motor Homes
  • 5th Wheels
  • Travel Trailers
  • Toy Haulers
  • Towable Campers
We Do Not Finance:
  • Vehicles Not Listed in the NADA Guide
  • Utility Trailers
  • Horse Trailers
  • Truck Campers
  • Park Models
  • Full Timers
  • Short-term Bridge Loans and RVs older than 2008

Why Work With Our Financing Team

Easy Online Application

Utilize our simple online application. This allows you to apply for a new RV loan immediately with a response provided within 24 hours. 

Fast 24hr Response

Chesapeake Financial will provide you a timely response within 24 hours of your online application. Give us a call or get started online so you can stop wondering and start buying. 

Flexible Financing

No matter what your financial background is we will work towards a positive solution. Get in touch today to see what your RV loan options are. 

Years of Experience

Trust a team with over four decades of experience. You want to feel confident moving ahead with your financing, and we will get you there with professional reliability. 

Ready to begin?

Apply Online or Give Us a Call and Receive a Response in 24 hours!
Apply Online
(877) 787-6764

FAQs

How fast can I be approved for an RV loan?

Always within 24 hours and as fast as instantly.

What are the interest rates?

Interest rates are based on your credit score and the value of the RV you’re purchasing. Call us for specifics regarding your situation. We’ll compare options and see what works best.

Can I pay off my loan faster than the payment schedule?

Yes. No Prepayment penalties are ever assessed.

How many years are typical RV loans?

Depending on the age and the amount borrowed, as many as 20 years in term.

How do I qualify for an RV loan?

By having good credit and calling us for valuation.

Chesapeake Financial Services
National Lender based in Annapolis, MD
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