Find answers to common questions about our loan process, requirements, and what to expect at every step.
To strengthen your application, focus on three key areas:
DTI is the percentage of your gross monthly income that goes toward paying debts (like mortgages, car loans, or credit cards). Lenders generally prefer a DTI under 36%. A lower DTI signals to the lender that you can comfortably afford your new RV payment alongside your existing obligations.
Yes, to ensure we can provide the specialized service and documentation support required for your loan, we have established the following minimums:
Absolutely. Conditional approval gives you a clear budget and significant negotiating leverage at the dealership. It also speeds up the final closing process because much of your financial vetting is already complete.
You will receive an automated email or SMS confirming receipt. This message includes a summary of your request (loan amount, vehicle type) and an outline of the next steps and estimated timelines, helping you prepare necessary documents.
We combine automated digital checks with a brief manual review to validate eligibility criteria like age, residency, and vehicle type. This process is designed to be transparent and is typically completed within business hours on the day of submission.
To assess your affordability and identity, we typically request:
A soft check is used for pre-qualification; it provides a preliminary view of your file and does not impact your credit score. A hard check is submitted to credit agencies during final underwriting and may result in a minor, temporary reduction in your credit score.
Most credit checks are completed within 24–48 hours. If your file requires a manual review due to unusual credit history or identity discrepancies, this may extend to three business days.
Underwriting is a detailed financial evaluation where we review your income, debt-to-income (DTI) ratio, employment stability, and credit history. We use a blend of statistical scoring models and expert human judgment to ensure the loan terms are affordable and responsible for your specific circumstances.
Underwriting typically takes 2–4 business days after all documents are received. If additional information is needed, this may extend to seven working days.
Your formal loan offer will clearly state the loan amount, interest rate (APR), repayment schedule, and any terms or conditions. You should review the total cost of borrowing and ensure the monthly installment aligns with your budget before accepting.
Once the agreement is signed and finalized, funds are sent via secure electronic transfer directly to the dealer or seller’s nominated account. This ensures immediate receipt and allows you to collect your vehicle promptly.
We do not release funds until the customer has either seen the unit or is at the location ready to take possession. Once verification is complete and the agreement is signed and finalized, funds are sent via secure electronic transfer directly to the seller’s nominated account. This ensures immediate receipt and allows you to collect your vehicle promptly.
Ownership transfers to you once the funds have cleared in the seller’s account and the sales invoice is paid in full. At that point, the title documents are transferred into your name.
Ownership transfers to you once the seller has sent Rock Solid Funding all required documentation, the funds have cleared in the seller’s account, and the sales invoice is paid in full. At that point, the title documents are transferred into your name.
A decline usually occurs because current risk or affordability criteria were not met. We encourage you to identify the specific reason (such as DTI ratio or credit history), address it, and potentially adjust your loan amount or repayment term before reapplying. If you do wish to reapply, it is best to let your previously assigned loan officer know so they can link the accounts in our system and avoid having you supply the same information over again.
Yes. You can request a manual review or provide additional supporting evidence, such as a larger deposit or a co-applicant. If you choose to reapply, it is generally recommended to wait at least six months or until specific credit issues have been resolved. If you do wish to reapply, it is best to let your previously assigned loan officer know so they can link the accounts in our system and avoid having you supply the same information over again.
A direct lender has limited programs, whereas we act as a broker to access a wide network of national and regional lenders. This allows us to find a program/lender that best fits your credit history, collateral type and finance amount.
Yes, it is a primary factor. However, we look at the full picture, including your DTI (Debt-to-Income) ratio, employment history, and past financial events. We review applications on a case-by-case basis.
Yes! You can use our online Loan Payment Calculator to get an instant estimate.
Simply input your desired loan amount, interest rate, and the term length (in months) to see a breakdown of your estimated monthly payment.
Pro-Tip: Remember that this tool provides an estimate based on the figures you input. Your actual monthly payment may vary based on your final approved interest rate, the specific tax and registration fees in your state, and any additional coverage products (like an extended service contract) you choose to add to your loan.
We exclusively offer simple interest loans with no prepayment penalties.
A simple interest loan means your interest is calculated only on the remaining principal balance of your loan. As you make your monthly payments, a portion goes toward the interest and a portion goes toward the principal. As your principal balance decreases, the amount of interest charged each month also decreases, which can help you pay off your loan faster if you make extra payments towards the principle.
This gives you the flexibility to pay off your loan early—or make additional payments at any time—without being charged a fee. You are only responsible for the interest that has accrued up to the date you pay off the balance. This structure puts you in total control of your repayment timeline and total cost of borrowing.
Lenders require that the person who will use or own the collateral is on both the title and the loan. If someone else “gifts” the collateral, their credit can only be used if they co-sign. Even if the gifter is approved on their own, adding a co-signer is not guaranteed to be approved, because each application is evaluated separately to ensure both parties meet lending requirements. This prevents straw purchases and protects both the lender and the borrower.
The timing of the seller’s payment depends on the delivery method selected and the specific processing times of the receiving financial institutions. Here is a breakdown of what to expect:
Important Factors to Consider:
Because Rock Solid Funding is your broker and not your direct lender, your payment account will be managed by the specific financial institution that funded your loan. You will receive a “Welcome” email or physical mailer directly from the lender within 7–10 business days after your loan has closed. This communication will include your account number and instructions on how to access their payment portal.
Yes! Most of our lender partners offer and encourage automatic payments through ACH. Once you receive your account credentials from the lender, you can usually set up autopay directly through your loan portal or contract instructions. Setting up automatic payments can help ensure you never miss a due date and, in some cases, may be required to qualify for the best available interest rate.
No. Rock Solid Funding provides the financing for your purchase; we do not collect or remit sales tax, nor do we file tax exemptions—except we do remit sales tax for private party deals. Sales tax and exemption status are otherwise handled by the selling dealership and the DMV in the state where you register the vehicle.
You must inform your dealer before you sign any purchase agreements.
If your loan includes the fees for your license and tags, it means the state-required costs have been “rolled into” your financing. However, the process for receiving your physical tags depends on how you purchased the unit:
Important Note: Keep your Temporary Tag (issued at the time of sale) visible at all times. If your temporary tag is nearing its expiration date and you haven’t received your permanent plates, please contact the selling dealer or our title department immediately to check the status of your paperwork (titles@rocksolidfunding.com). However, Rock Solid can’t issue temporary tags.
Depending on the collateral type, Rock Solid Funding or the dealership (if it’s a dealer sale) usually submits the title and registration paperwork to the state DMV. In some cases, the customer may need to physically appear at their DMV to complete the registration depending on the state and purchase location.
The title will usually be in the customer’s name with the finance company listed as the lienholder until the loan is paid off.
If the vehicle is financed, the lienholder (bank or lender) usually holds the title until the loan is fully paid off. Unless the customer lives in these states:
Kentucky, Maryland, Michigan, Minnesota, Missouri, Montana, New York, and Wyoming
In this case the title is given directly to the customer, the title will show the bank’s name as the active lienholder.
Registration and plates typically arrive within 3–8 weeks after the DMV receives the title work. The exact timing depends on the specific state’s DMV processing times. The DMV should mail the registration and plate to the customer’s address.
If you haven’t received plates after 4-8 weeks, you can contact Rock Solid Funding or the dealership’s title department to track the submission with the DMV.
Once the loan is paid off, the finance company will release the lien, and they will either mail the title to you or update it electronically to show the lien is removed.
A private party sale is when you buy or sell a boat, RV, or trailer directly with another individual instead of through a dealership. Please see our private party resource hub.
Yes! We specialize in private party financing for boats, RVs, and boat trailers across the U.S. Read more about the private party process here.
It allows our Title Department to complete the title transfer and lien process on your behalf, saving you time and avoiding delays. It is applicable to a single transaction.
You’ll need a bill of sale, title (or registration), photos of the unit, and your ID. Your loan officer will guide you through each step, as requirements may vary.
Once we receive your documents, most private party transactions are completed within a few business days.
Looking for a step-by-step breakdown? We’ve created a detailed guide that walks you through the entire private party financing process — from application to funding.
While we offer multiple ways to send funds, a Bank Wire is the preferred choice for Private Party RV and Marine transactions. Here’s why:
Our friendly qualified team is looking forward to make your dream a reality!
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