steelpony5555
Copperas Cove Texas
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Joined: 10/26/2007
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I agree try a credit union first if all else fails try the financing dept at Good Sam. Interest is a little higher but when all else fails they may help. I had the same problem when I bought mine. I retired and also moved back to Texas so even though I made more money retired then I did working all the banks didn't want to loan me a cent. I finally found a credit union to work with now and have not had a problem with them.
03 Alpenlite Valhalla
07 Dodge 2500 Lone Star Edition 5.9 diesel
07 Honda Goldwing Burnt orange of course! (My new Baby)
06 Chrysler 300 Touring
Margarita machine---nothing better then sittin in the shade on a hot day sippin a Margie!
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mynetdude
Grants Pass, OR
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Joined: 10/04/2009
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houtrz wrote:Don't go to a bank. Join a credit union or at least ask about it. I have a house in Texas but bought a new fiver so I can live in it while working in Ohio. The credit union could have cared less if I"m living in it or just camping as long as I make the payments and its fully insured. Banks are just trying to cover their back sides after years of loaning money to just about anyone.
I perfectly understand that, but if someone walks up to you and says that they get double the income of the average mean income and they can cough up an instant $20k why should any lender care, as you said if they have income and job security is not an issue (in my case I have no job, but I have a pretty damn sure secure income).
One thing I do know that not owning a house doesn't help my case here either. But I honestly do not really want to own a house, FWIW I have more income by not owning a house yet a bank will think that if you own a house you can buy anything else you want.
BTW... I should have been clear, it is a CU they are just being sticklers. I faxed them some data they needed, so we'll see what they have to say.
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mynetdude
Grants Pass, OR
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steelpony5555 wrote:I agree try a credit union first if all else fails try the financing dept at Good Sam. Interest is a little higher but when all else fails they may help. I had the same problem when I bought mine. I retired and also moved back to Texas so even though I made more money retired then I did working all the banks didn't want to loan me a cent. I finally found a credit union to work with now and have not had a problem with them.
I'll try good sam, they are worth a shot.
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mynetdude
Grants Pass, OR
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Brent and Gina wrote:How much less than 100K a year? If close, buy 5W straight out and live off of the other $50K. I agree with a couple. It seems confusing and a little odd.
Well if I knew you personally I'd be able to tell you  , I have the documents to prove what I say. I wouldn't go running around saying I have XX when I don't.
It isn't quite that easy to just save for a year then turn around and buy something (or maybe it is). I don't give exact figures in public, what I will tell you it is certain life guaranteed and its actually closer to $70k/yr with 4% annual increase
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mynetdude
Grants Pass, OR
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Good sam online isn't working, tried to call they are closed will try Monday.
Hey thanks everybody for all the info, advice and suggestions 
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avan
Sioux Falls, SD & Livingston,TX
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Joined: 11/02/2002
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I also think you talk too much. Apply (at a different place) for a loan for your recreational vehicle. Give them your tax returns if they wish for income verification. Keep your mouth shut about full timing and all the other things than keep you from looking normal to bean counters. None of their business.
If you insist on talking about FTing, then finance it with a lender that understands FTing. Go to the Escapees RV Club's website and click on commercial members and look at the lenders. Issues like your fulltiming, living in the rig, traveling back and forth across the country won't bother them.
Click for more pics of our FT home, our snowbird digs and our summer trips
The puller - International 4700LP (530E) - Wiers Towmaster; Trailer-Saver Air Hitch
The pusher - 40' Travel Supreme Fifth
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smkettner
Southern California
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Joined: 03/21/2005
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mynetdude wrote: my equity score is only 577 so its less than stellar the FACT
Pay all your bills on time for a year or two. Get your credit report and get the stuff paid in full. With good steady income close to 100k there is no reason to have a 577 score. You could make a million a month but if you do not pay the bills on time the bank does not care.
I am not trying to put you down and you may have reasons for the score. My point is to get stuff paid so the score will increase soon and fast.
2001 F150 SuperCrew
2006 Keystone Springdale 249FWBHLS
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mwebber78
Maine
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Joined: 08/07/2005
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I just picked up on the the quote from the previous poster. Since the market woes of last year all banks are cautious in lending money right now. You can carry a high balance credit card and a high debt to income ratio so long as you have a perfect payment record and a good score and get a loan. However, you could have NO credit card debt, good debt t0 income ratio and have a poor credit score (sub-700) and they won't even touch your loan.
Becuase of a lost laptop a few years ago I was enrolled for free by the corporation I work for into Equifax Gold Credit Watch/Scoring plan for life. I watch my reports and scores and you'd be amazed what changes your score.
I agree with the previous person, pay ontime and build your report back up. My credit score, per the Equifax is 728 and that, according to their scale, is good but not great!
Michael 
2 DD's and my DW 
6 Acre's in Southern Maine
2009 Crossroads Cruiser CF31SB
2008 Chevy 2500HD LT 4X4
Camping Pictures
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Gunpilot77
Killeen, Tx
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Joined: 10/06/2000
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If the loan officer is savvy to the quality of toyhaulers in general and WW in particular I can see why he doesn't want to loan any money for one. I've hauled a lot of RVs around the country and my opinion is that the only TH on the market that would function as a full time unit is built there in Oregon, La Grande to be specific. WW and most other toy haulers won't last the lifetime of the loan.
Fifth wheel pulled with a pick-up
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