Mobile Home and RV Loans

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AMOUNT

$50K - $10M

INTEREST RATE

From 4.09%

TERMS

6 - 60 Months

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AMOUNT

$20K - $100M

INTEREST RATE

Varies

TERMS

12 - 60 Months

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AMOUNT

$50K - $100M

INTEREST RATE

From 4.09%

TERMS

6 Months - 10 Years

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Mobile Home Financing and RV Loan Options in Canada:

Financing through a dealership (Secured Loan):

Auto Loan (Secured Loan):

Online Lender (Secured & Unsecured):

Mobile Home Refinancing:

How to Compare Your Mobile Home or RV Financing Options:

The brand of RV or Mobile home you are buying. Do they keep their value and are desirable on the market
What type of home or vehicle you want
What's the total cost of it, including financing and maintenance
Do you want to get it new or used
Are you fine with using it as collateral
Who is the lender that you'll choose, are they reputable
What amount can you qualify for and can you afford payments
What would be the interest rate and term length of the loan
Are there any additional fees associated with financing
How much will insurance cost
How will you pay the loan back (direct deposit, cheque etc)

How to improve your chances of getting approved for RV or Mobile home Financing?

Make sure you are employed, and have consistent income
Payoff existing debt
Save for a healthy down payment of 20% or more
Check to see if your credit score is high (650+) and that there are no errors on your credit report
Budget for monthly payments and unforeseeable circumstances

How to budget for RV or Mobile Home Ownership in Canada:

Initial Down Payment:

Financing Cost:

Gas/Propane:

Insurance:

Driver's License:

Repairs/Maintenance:

Utilities:

Mobile Home or RV Financing with Bad Credit:

Home Equity Loan:home equity loanGuarantor Loan:Car Title Loan:Car title loans

Alternative to Buying a Mobile Home or RV:

Frequently Asked Questions about Mobile Homes and RV Loans:

What documents do I need to obtain a Mobile home or RV loan?

While the exact requirements can vary by lender, the baseline requirements are:

Class-D License, and Class-A if the size of mobile home is large
Government-issued ID (e.g. driver's license)
Insurance documents
Mobile home/vehicle registration
Proof of employment
Proof of income (e.g. bank statements and/or employment pay stubs)
Credit report

Where can I get a mobile home or RV loan?

You can get financing for a mobile home from a dealership, bank, credit union, or an online lender. Rates will vary based on the option that you choose.

Is employment necessary for a mobile home loan?

While employment is not a stringent criteria, it is the most commonly checked factor to ensure that the loan will be repaid in time. Alternatively, if the borrower is not employed, then he/she will need to use the mobile home or RV as collateral.

Can I get a mobile home or RV loan with bad credit?

How much should my down payment be for a mobile home?

Expert Review & Editorial Standards

This page was researched, written, and reviewed by financial professionals with expertise in Canadian lending regulations. All information is regularly updated to reflect current rates, terms, and regulatory changes.

Reviewed By

Jenna West

Financial Writer & Content Director

Jenna has covered the Canadian FinTech and consumer lending industry since 2017. She specializes in regulatory updates, consumer protection, and helping Canadians navigate complex financial products.

8+ years analyzing Canadian consumer lending
Monitors FCAC and provincial regulatory changes
Specializes in personal loans and alternative lending

Written By

Amy Orr

Financial Content Specialist

Amy is a financial writer with 10+ years covering Canadian, U.S., and U.K. financial markets. She holds a Masters in Finance from the University of Edinburgh Business School and formerly worked in the hedge fund sector.

Masters in Finance, University of Edinburgh
Former hedge fund professional
Published in major financial publications

About Smarter Loans

Canada's independent lending comparison platform since 2016. Trusted by over 2 million Canadians and recognized by the Toronto Star as "the GPS of FinTech Lending." Featured in the National Post and major Canadian publications.

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Verified Lenders Only All lenders verified for proper licensing and regulatory compliance

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Editorial Independence Content created independently from business relationships

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Regular Updates Content monitored and updated for rate changes and new regulations

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2M+ Canadians Served Helping Canadians compare loans since 2016

Our Editorial Process

Every page undergoes research, expert writing, fact-checking, and review by our Financial Content Director. We verify all rates, terms, and regulatory information against official sources including FCAC guidelines and provincial lending regulations.

Last Updated: October 17, 2025 | Next Review: Ongoing monitoring

Transparency

Smarter Loans is free for consumers. We may earn compensation from lenders when users apply, but this doesn't influence our editorial content or which lenders we list. All lenders must meet our standards for licensing, transparency, and customer service.

Consumer Protection

Need help with a lending issue?

Financial Consumer Agency of Canada: 1-866-461-3222
Your provincial consumer protection office

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