Financing a RV for fulltime use

I'm just guessing but you would probably have to buy homeowners insurance and have a permanent spot for the RV. Lenders are not very good about lending money to the uninsured.

I wouldn't tell them. Most RVs are built with materials that stand up to average use, but full-timing is really hard on an RV. I did it for three years and I pretty much beat up two travel trailers in the process.

They're worried about their investment. If you full time in it for three years and destroy it, then quit making payments and they reposess it, they're left with a spent vehicle and they won't recoup their losses when they sell it.

If they ask if you're going to full-time in it as part of the application process, it would be illegal to lie, but its not a lie if you actually go away from it for a while. Let's say you're parked in FL and you fly home for a couple weeks when your new grandson is born. Technically you aren't living in it full-time

Nope, its a vehicle. If its a trailer, some states don't even require insurance since the trailer is covered by the liability of the vehicle towing it. Most states do, so the lender would require appropriate insurance, but its not a house so it wouldn't be homeowner's. Just normal motor vehicle insurance. No need for a permanent spot. The longest I stayed in one place was 6 months. Sometimes I didn't stop for months at a time. As long as you have an address somewhere and someone to get your mail so you don't miss the bills, drive on.

Most RV lenders will not approve a loan for a full timer. My suggestion would be to buy the RV just before you finalize the sale of your home. That way you are not being dishonest. You do still own the home.

Many full timers "rent" a house with family members for a "very small price", if you know what I mean.