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Russo Marine Financing Online
Thank you for electing to use the YACHTSMART / Russo Financial online application to apply for your boat loan. Your application will be reviewed by loan officers at the Russo Marine Financial Services, Inc. Central Processing Center located at 8166 Shore Drive, Norfolk, VA 23518 (@ Taylor’s Landing Marine Center). The hours of operation are Monday through Friday 8AM to 6PM and Saturday 9AM to 1PM Eastern Time. If you have any questions please call toll free 877-899-8166 or 757-583-1418. We would also be pleased to take your application right over the phone if you find that more convenient Before you begin to complete the application let’s review some basics; You are about to complete a formal application for a loan. By completing and submitting this application you are authorizing us to examine your credit bureau and to verify information you have provided about your employment and income. We will review your application and determine the best lender match up for your loan. We will not submit to multiple lenders, to protect your credit score. We recommend that you do not complete and submit any other applications while we are processing your request. Your loan rate is determined by a combination of your credit score, the amount financed (Not less than $10,000.) and the loan amount compared to the value of the boat. Loan amounts, details, recommended terms and loan types: We offer financing from $10,000. to $10,000,000. in the 48 contiguous United States for the purchase of new or pre-owned power and sail vessels bought from dealers, through brokers or directly from private sellers. We also offer refinancing of existing loans for the remaining term of the present loan and for the present unpaid balance as long as the present unpaid balance exceeds $25,000. Recommended down payment is 10% of the total of the purchase price, tax and license. Amount Financed Term $10,000. to $14,999. 120 Months $15,000. to $24,999. 144 Months $25,000. to $99,999. 180 Months $100,000. UP 240 Months Loan Types: Conventional Purchase (New and Pre-Owned), Refinance of present loan Repower / Equipment Upgrade and Optional Deferred First Payment When you complete your application and put in the boat information you will note a comments section below the boat entry fields. Please tell us how you wish to be contacted about your application, such as home, work or mobile phone or by email. When you finish the application and click on ‘submit’ wait until you are assigned a transaction number. PLEASE PRINT THIS PAGE FOR YOUR RECORDS and note the transaction number on it after your application is submitted Please use the Russo Marine Loan application link on the menu on the left side of this page.
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