Boat and yacht financing covers the purchase of a new or used vessel, secured by the boat itself, with amortization matched to the vessel and how you plan to use it.
Share a few details and our team can Tell us the vessel and how you will use it — we will outline the terms available.
Prefer to talk now? 954-590-8464Marine financing works like an auto or mortgage loan: the vessel serves as collateral, which lets the lender offer rates well below unsecured credit. Underwriting considers the vessel age, type, condition, and appraised value alongside your credit.
Programs cover everything from small runabouts to cruising yachts. Terms commonly run from five to twenty years, and the amortization is matched to the vessel so the loan is not still running when the boat is well past its useful life.
Financing the vessel keeps capital free for the costs of actually owning it.
The boat is collateral, so pricing beats an unsecured personal loan.
Programs cover dealer purchases and private-party sales alike.
Amortization matched to the vessel age and type.
Yacht programs reach the amounts that larger vessels require.
Lock a predictable payment for the life of the loan.
Keep reserves free for moorage, insurance, and maintenance.
These are typical marine financing guidelines. Your exact scenario is reviewed one-on-one by a specialist.
Generally 640-700 minimum, with stronger scores improving terms and LTV.
Commonly 10-20% for new vessels, and more for older or higher-value boats.
Age limits vary by program; newer vessels generally receive longer terms.
A marine survey establishes condition and value for the lender.
USCG documentation or state registration, plus proof of insurance.
Runabouts, cruisers, sailboats, and yachts, subject to program limits.
Complete one application and tell us about your goals and timeline.
We review your file, check BOAT guidelines, and lock your rate.
We handle the details with your agent and title team — keys in hand.
Typically 10-20% for a new vessel, and more for older boats or larger loan amounts. The exact figure depends on the vessel age, type, and appraised value.
Yes. Used vessels are widely financed, though age limits apply and generally fall in the 15-20 year range depending on the lender and the vessel type.
Terms commonly run from five to twenty years, with the amortization matched to the vessel age and value so the loan does not outlast the boat.
Submitting the contact form does not trigger a credit inquiry. If a credit pull is needed, we explain the process and get your permission first.
Talk to an Eagles Funding Group specialist about your BOAT options — we'll guide you from application to keys.
