Boat Loans & Financing
Looking to set sail? Whether you're purchasing a new or used boat, Flagstar can help meet all of your boat financing needs.
Visit us before you get on the water.
Make some waves with a boat loan from Flagstar Bank. Our bankers will work with you to help you purchase a new or used watercraft—or even refinance a current boat loan. And with quick approvals and easy boat financing, you may as well visit the branch with your boat shoes on.
FEATURES OF A BOAT LOAN:
- Competitive interest rates
- No prepayment penalties
- 100% financing available for qualified customers
- Simple loan application
- Low fixed rates
- A variety of terms available on new and used boats
- 0.25% rate reduction for qualified customers1
- 0.25% rate reduction when payments are automatically made from a Flagstar bank deposit account2
We look forward to helping you with your boat financing. Here's what you need to qualify for a boat loan:
- Be 18 years or older
- Be a U.S. citizen or permanent resident alien
- Open to residents in California, Indiana, Michigan, Ohio and Wisconsin only
- Available for individual borrowers only. Other underwriting conditions may apply
FAQs About Boat Loans
Visit any Flagstar branch to apply.
Please see NADA Boat Pricing.
Yes. Take advantage of Flagstar's competitive rates and save.
Loans are available for boat models that are 5 years old or newer. We do not finance:
- Boats built and used exclusively for racing
- Non-production boats
- Wooden boats
- Damaged boats or boats purchased for reconstruction
- ID Verification
- Income verification
- Signed purchase agreement (if applicable)
- Copy of title (if private seller)
- Proof of insurance
- The boat must be titled in CA, IN, MI, OH or WI
At a local branch. We make it easy to find a branch near you and to schedule an appointment with a Flagstar representative.
The funds will be available at the time of closing.
Please see Privacy Notice.
You may also be interested in:
$100 origination fee.
Programs subject to change without notice. Underwriting terms and conditions apply.
1Requires a Flagstar checking, savings, CD, or money market account. Must be established and selected before loan approval.
2Subject to loan approval. Automatic payments must be established and elected at the time of application; subject to change at any time.