Join Date: Oct 2006
Location: Callao, VA
Thanked 18 Times in 18 Posts
Rep Power: 11
good luck on finding those terms, and someone willing to lend more than the value for added items.....
IN this market, expect 20% down, good FICO, means to pay back the loan, and some degree of net worth.
It matters not to them that you will live in it, that may actually be a negative to many lenders.
Then there is the insurance issue of live aboard...you may want to get a firm commitment and binder, not a quote...
all the best