Wake Lending Products
Yacht Loans
Adventure is just a loan away!
- Boats over 26’
- Up to 25 years of age, up to $25 million finance, and up to a 25 year terms*
- USCG & Title services available
- Purchase from a yacht broker, dealer, or private party
- Quick response time
Boat Loans
Your purchase success is our priority!
- Boats under 26’
- Up to 20 years of age & up to a 20 year term
- Title services for most states
- Purchase from any boat broker, dealer, or private party
- Quick response time
RV Loans
Fuel your fun with financing that fits your life.
- Class A, Class B, Class C, Diesel Pushers, Toy Haulers, Travel Trailers, Truck Campers
- Up to 20 years old
- Title services for most states
- Purchase from dealer, broker, private party
- Quick response time
Airplane Loans
Take your adventures to new heights with financing that matches your needs.
- Financing for single-engine, multi-engine, jets, turboprops, and light sport aircraft
- We’ll help with the paperwork process
- Purchase from dealer, broker, or private party
- Fast approval and response times
Insurance Quote
Your investment, our insurance, affordable and covered!
- Total Loss Replacement coverage on New
- Personal Effects & Towing coverage standard
- Disappearing deductible available
- Quick issuance
Extended Warranty
Not just fun today, but fun for years to come!
- Engine
- Sport/Fish Package
- Ski Boat Package
- Cruising Package
Ask your Loan Specialist about extended warranty options.
The Wake Lending Advantage
Frequently Asked Questions
How Long does it take to get a loan?
A: In most cases, we can get you approved the same day. Under normal conditions, loan funding can be completed within a week.
Can I get Insurance through Wake Lending?
A: Yes, we’ve partnered with numerous companies to provide a policy tailored to your needs. Simply request an insurance quote from your loan agent.
What kind of Down Payment is required?
A: Banks typically require a minimum down payment of 10%, though this can vary based on the lender and the loan amount.
Do I need to get a survey or sea trial?
A: Marine surveys are typically required for boats over 5 years old. Contact your loan specialist for a list of recommended marine surveyors.
Can you do a LLC loan?
A: Yes! We have banks that specialize in Special Purpose Entity (LLC or Trust) ownership.
Do you offer stated income loans?
A: Stated income loans for well qualified buyers are available up to $250,000.
Do you only do loans for new boats?
A: No. Each situation is unique, but we can generally offer loans on boats up to 25 years old.
Can the taxes, and registration fees be financed?
A: Yes, taxes, title, registration, and can be included in your loan amount, as long as it meets our loan-to-value (LTV) guidelines. Alternatively, you can choose to pay these fees out of pocket, with payment required before closing.
My credit is not great, can I still get a loan?
A: Every situation is unique. We recommend completing the application so we can explore your options together. We also have partnerships with a variety of sub-prime lenders to help meet your needs.