The State Farm Federal Credit Union (SFFCU) benefit helps members finance more than autos and trucks – we provide loans for boats, motorcycles, RVs, trailers and other vehicles.
Before hitting the road, trails or waterways, check out our guidelines prior to submitting your loan application.
Guidelines
- Total financing may include boat motors and trailers. We will also finance tags, tax & title.
- Financing limited to watercraft that are 32 feet or less in length.
- Note: any watercraft requiring Coast Guard documentation & Marine Mortgage (Ship Mortgage) filed in lieu of state titles or Uniform Commercial Code (UCC) filings is ineligible, regardless of length. Financing of commercial watercraft is prohibited.
- Boats used as a residence are strictly prohibited.
- Outboard motors are only financed in conjunction with a boat.
- Maximum Loan Amounts are based on the Loan-to-Value (LTV)%. The LTV% used in the final approval amount factors in the collateral type, loan type, and an evaluation of the applicant(s) credit.
- Cash out loans using free & clear titles as collateral are not available.
- Loans are intended for personal use vehicles and trailers only. Vehicles or trailers intended for commercial use are excluded.
- Maximum Loan Amounts are based on the Loan to Value (LTV)%. The LTV% used in the final approval amount factors in the collateral type, loan type, and an evaluation of the applicant(s) credit.
- Cash out loans using free & clear titles as collateral are not available.
- Recreational vehicles used as a residence are strictly prohibited.
- Maximum Loan Amounts are based on the Loan to Value (LTV)%. The LTV% used in the final approval amount factors in the collateral type, loan type, and an evaluation of the applicant(s) credit.
- Cash out loans using free & clear titles as collateral are not available.