Thank you for electing to use the By Owner Yachts / Russo Marine online application to apply for your boat loan. 

Please read the details below then click HERE for a live application that will get you an approval in minutes.

Your application will be reviewed by loan officers at the Russo Marine Financial Services, Inc. Central Processing Center located at 301 Pier One Road, Stevensville, MD 21666.  The hours of operation are Monday through Friday 8AM to 8 PM and Saturday 8AM to 1PM Eastern Time.

If you have any questions please call toll free 1-866-735-5926.  We would also be pleased to take your application right over the phone if you find that more convenient 

Before you begin to complete the application let’s review some basics;

You are about to complete a formal application for a loan. By completing and submitting this application you are authorizing us to examine your credit bureau and to verify information you have provided about your employment and income. We will review your application and determine the best lender match up for your loan. We will not submit to multiple lenders, to protect your credit score.  We recommend that you do not complete and submit any other applications while we are processing your request. Your loan rate is determined by a combination of your credit score, the amount financed (Not less than $10,000.) and the loan amount compared to the value of the boat.

Loan amounts, details, recommended terms and loan types:

            We offer financing from $10,000. to $10,000,000. in the 48 contiguous United States

            for the purchase of new or pre-owned power and sail vessels bought from dealers,

            through brokers or directly from private sellers.  We also offer refinancing of existing

            loans for the remaining term of the present loan and for the present unpaid balance as

            long as the present unpaid balance exceeds $25,000.

            Recommended down payment is 10% of the total of the purchase price, tax and license.

                        Amount Financed                     Term

                        $10,000.  to  $14,999.                 120 Months

                        $15,000.  to  $24,999.                 144 Months

                        $25,000.  to  $99,999.                 180 Months

                        $100,000.     UP                         240 Months

Loan Types:      Conventional Purchase (New and Pre-Owned), Refinance of present loan

                        Repower / Equipment Upgrade and Optional Deferred First Payment

When you complete your application and put in the boat information you will note a comments section below the boat entry fields.  Please tell us how you wish to be contacted about your application, such as home, work or mobile phone or by email. When you finish the application and click on ‘submit’ wait until you are assigned a transaction number.

PLEASE PRINT THIS PAGE FOR YOUR RECORDS and note the transaction number on it after your application  is submitted.                                                                                                                    (NEXT)