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Are RV Loans Hard to Get?

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Last Updated on May 9, 2022 by Jessica Lauren Vine

If you’re thinking about securing an RV loan, you might be asking, “Are RV loans hard to get?” You probably don’t want to try to get an RV loan if you aren’t confident that you’ll come out with an approval, so keep reading, and I’ll let you know the key information you need to know before you try to get an RV loan.

Bottomline Upfront

Are RV Loans Hard to Get?

No. RV loans aren’t hard to get if you know what you need to qualify.

What to Know Before Applying for an RV Loan

If you don’t know how to figure out whether or not you’re likely to get approved for an RV loan, let me help you out.

I remember applying for loans like it was a lottery and crossing my fingers, hoping that I would get approval. When I learned there was a formula to it, I could confidently apply for an RV loan and not have to sweat it.

Debt to Income Ratio

I’m going to talk about debt to income ratio first because this is usually where people trip up. If you have too many loans on your credit, then you won’t be able to get another loan for an RV.

According to the Consumer Financial Protection Bureau, your debt to income ratio is all of your monthly income divided by the income you make before you pay taxes. If you get near 40% of your income going out to bills every month, it’s harder to get a lender to give you the green light for an RV loan.

Pre-Application Thoughts

Yes, your payment history is very important when it comes to getting a loan. But even with a squeaky clean credit history, you won’t find lenders bending over backward to give you a loan if you have too much debt on you compared to your income.

If you feel worried about your debt to income ratio, you could take on a side job and add a little bit of extra money into the mix. Even adding an extra $300-$400 per month could make a lender feel more comfortable about loaning money to you.

If you want to get an RV loan, try not to apply for a bunch of other loans or to open other accounts. If you do that, it shakes things up too much and makes potential lenders feel a little bit nervous about things.


Now you understand a little bit more about getting an RV loan. You have the answer to “Are RV loans hard to get?” and you can start moving forward with your loans.

If you want to get some more insight on RV-related topics, make sure to take a look at these articles:

Will an RV Work without a Battery?

Are RV Mattresses Different Than Regular Mattresses?

What Is the Difference Between Class A B & C Motorhomes?

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