Boat Refinancing

Boat Refinancing

We search nationwide for the best boat refinancing programs.


We search nationwide for the best boat loan rates and terms for you. Even if you have past credit problems.


Sign and submit your documents right from your smart phone and we can have your application funded in as little as 48 hours!


With our hands on approach and pre-qualification process, we reduce the number of inquires from lenders by only sending you to lenders that match your needs.

How to Refinance a Boat Loan

You might get a sense of deja vu when you refinance a boat loan, as the process of refinancing is very similar to the process of getting a loan the first time around. Here's what you do:

  • Find out how much you owe on your current loan: You'll use the proceeds from the new loan to pay off the existing loan, so you need to know how much you still owe. You can usually find this information on your loan statement. Your lenders can also provide you with a pay-off amount, which is the principal plus interest you'd need to pay the loan in full.
  • Apply for a loan: You can find My Financing USA's refinance loan application at
  • Use the principal of the new loan to pay off the current loan: Once the refinance goes through, My Financing USA, we work directly with your lender to pay off your old loan.
  • Update the Title: The final step to refinancing your boat loan is to change its title. My Financing USA works directly with your local or state title offices to complete the title change for you.
  • Start making payments on the new loan: My Financing USA will let you know when your first loan payment is due. From then on, make payments as agreed until the loan is paid in full or you decide to refinance again!

Why Would You Refinance a Boat?

You can enjoy many benefits when you refinance your boat loan. The top reason people look to refinance is to reduce their interest rates. With a lower interest rate but the same loan term, you'll be able to make lower payments each month on your boat. 

There may be other reasons you want to refinance your loan as well. Some people want a longer term to repay the loan. If your current term is five years, for example, you may be looking for a more extended payback period. You could refinance with a 10-year term and enjoy a lower monthly payment because you have more time on the loan. 

Other advantages of refinancing your boat loan include: 

-Increased flexibility: A longer term or lower rate will allow you to put the money you had been paying on your loan toward something else. 
-Lower payments: Refinance to a lower rate and you could end up with a lower monthly payment!
-Outstanding support: When you work with My Financing USA, you'll get a partner that will help you understand every step in the process. We'll give you the details you need to make informed decisions. 

Seas The Day

Find or Refinance Your Boat Loan With My Financing USA

Getting a loan can help you buy the boat of your dreams while refinancing an existing boat loan can make your dream purchase a little more affordable. My Financing USA can help you get a boat loan whether you have bad credit or good credit. Apply online today to get fast and easy approval on a boat loan. If you're interested in refinancing a boat loan, contact us today to learn more about how we can help you.

Our Process Is Easy


Apply Online

Use our DigiCert Secured website to submit your information.


We Find Your Match

We verify your information and match you with the right nationwide boat refinance program.


Sign & Sail!

Sign your closing docs right from your phone then pick up your boat with a check in hand.

Our Customers Love Us

We love our customers...

Because customers like you keep referring friends and family, we keep growing!


Years In Business

$12 Billion

In Applications



Our Boat Refinance Programs By State

(Refinancing not offered in Alaska or Hawaii)

Residents of IN, KY, MD, MI, OH, VA & WV

  • Must Be Above $10K
  • Rates start at 7.99%
  • 670 Minimum Score
  • No Bankruptcies
  • No Recent Late Payments
  • Debt Ratio Under 45%
  • Recreational Use Only
  • No Full Timers

Residents of All Other States in the USA

  • Must Be Above $75K
  • Rates start at 7.89%
  • 700 Minimum Score
  • No Bankruptcies
  • No Recent Late Payments
  • Debt Ratio Under 45%
  • Recreational Use Only
  • No Full Timers

A Company You Can Trust

National Marine Lenders Association Logo

National Marine Lenders Association

We are a contributing and accredited member of the NMLA.

5 Star TrustPilot Rating

5 Star Rated On Trustpilot

We are the highest rated RV & boat lender in the USA.

Better Business Bureau Logo

Better Business Bureau

We have the highest possible rating from the Better Business Bureau.

Additional Readings:

Guide to Financing a Boat

Guide to Financing a Boat

If you are a first-time boat buyer, you likely will need to get financing for your new or used boat. This guide covers how to secure financing for a boat, regardless of your credit situation or the boat you choose to purchase.

Read More

Guide to Refinancing Your Boat

If your current loan isn't working for you, you can refinance a boat loan to get terms that are a better fit for your current financial situation. Learn more about how a new or used boat refinance works and the numerous benefits of doing it.

Read More
white boat boating through the water

How Hard Is It to Finance a Boat?

Many people wonder if it is hard to finance a boat and easy to get boat financing. The answer depends on many variables, and My Financing USA can help you through the different options. Learn more!

Read More