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Can I Get a Boat Loan with No Money Down?

Monday, January 30, 2023

bass fishing boat

Can I Get a Boat Loan with No Money Down?

Yes!’s loan agents have the industry knowledge to determine if you qualify for a no-money-down boat loan. Zero down programs generally are for loan amounts up to $100,000.

Most lenders require a 10-20% down payment and lend based on the following variables: credit score, loan term and loan to value or LTV%.

Why you benefit from an initial investment:

  1. Lower Payments: Reducing the loan amount lowers your monthly payment.
  2. Bank Options: Most lenders look favorably upon an initial investment (cash or trade equity). A minimum investment opens the door for a greater number of banks that will consider your loan. Zero down limits the number of banks available.
  3. Rate Advantage: has a suite of lenders. Each lender has guidelines for the loan structure and credit quality they consider. Down payment affects your LTV% and your rate, credit score alone does not determine your interest rate. An initial down payment investment is instrumental in obtaining the best possible interest rate.
  4. Future Flexibility: Having some money down will likely make it easier for you to trade-up, trade-down. With an initial investment you will be in a better equity position when if you payoff the loan.

Your experience obtaining a boat loan with our loan agents is top priority. We personally work with you and accommodate your specific needs. Every client is unique as well as their financial situation. Our agents will review all aspects of your profile and place your loan with the right lending option. We do not shop your loan. Boat ownership is a lifestyle and dream come true for many and we want the opportunity to make this happen for you and your family.

Back to the original question, YES, it is possible to obtain a boat loan with no money down based on certain terms. Simply contact a loan agent to guide you. Our service and industry knowledge will make this exciting new purchase memorable.
It’s time to get out on the water, give a agent a call today!

Apply for a Boat Loan with

When ready, apply for your boat loan using our convenient and secure online boat loan application.

Our loan agents have decades of marine financing experience and may place your loan with one of over 15 recreational financing partners. Our programs are national within the USA, but we also offer Canadian resident financing loan options. Inquire with a loan agent regarding Canadian resident loan options.

The best boat loan experience awaits you and we look forward to making your boat ownership dreams come true.

Ready to Apply? Click Here


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