A list of Banks or loan brokers for Truck Conversions.

[Patrick-TC]

List your lending institution here.

 

[Weramongo]

5/3 Bank in Ohio (through Rusty who works with Concept Haulers and HTS - www.racerigs.com)
And yes, is really is 5/3 not 3/5

Sean P. Clarke
WERA Motorcycle Roadracing

 

[Patrick-TC]

Rusty did Warpaths loan also. He is currently making (fingers crossed) mine happen. His # 1-630-553-7002.

 

[Patrick-TC]

YEEHAW!!!! Rusty is da man!! My loan will also go through 5/3 Bank. Got a great rate too! RVLendingtree.com (Kevin) also could have done it but I would have had to tolerate his RV salesmanlike arrogance and paid 7.04% OUCH!! Rusty makes it happen!

 

[Doug-TC]

Rude personal question: What percentage down was required? What was the term for the balance?

 

[Patrick-TC]

Doug, I'm unsure of the down required for 5/3 Bank but most lending institutions want 20%. I paid for the truck up front which was about 26%. The term is 15 years. Do a google search for a loan or mortgage calculator if you want some hard payment figures.

 

[Warpath-TC]

Doug -

I suggest you call Rusty and talk with him a bit. You would be amazed at what he can do and how easily you can slip into one of these conversions.

Bill

2003 28' Show Hauler Motorhome on a 1995 FL 120 www.showhauler.com

 

[Patrick-TC]

Here is Rusty Otts cell phone # 630-267-6201

He got me 5.3% and is going to assist in making sure I get registered as a 2004 Motorhome instead of a 1998 Truck.

 

[Doug-TC]

I had been planning on 20% or more, and can do it through my Credit Union. Due to some professional opportunities that did and did not arise, I had to make a choice and had to get another house. This is going to be a long term plan for me, and I will probably due it all custom from the start, using the tips collected from the experiences posted here. I am expecting to want the ability to live in the conversion as a (near) full timer, although with the path that seems to be opening up, I may not have to do that (I had been considering doing government civil stuff on the other side of the state if the right opportunity came along, and waiting to buy until then). I want to get out of the apartment for tax and other reasons, and due to time constraints, a house is more practical now. (I can finance it really easily, among other things.) I suspect I will want to save and be able to plan from the start, using a truck speced for this purpose etc, as a long term "keeper". There are too many variable right now to take the risk.