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Boat Loans & Financing
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Explore Boat Loans
Georgia offers so many great places to boat year round from lakes such as Lake Lanier, Lake Oconee, Lake Blackshear and Lake Seminole to the coastal waters around Savannah and St. Simons just to name a few. Georgia’s Own offers great rates and flexible terms for your boat financing and lending needs.
Features
- Low rates
- Terms up to 180 months1
- Convenient financing
Rates
Find a boat loan to meet your needs so you can start enjoying the water whenever you want. Check out our boat loan rates below and apply today!
| Model Years 2013 or newer | Approx. Term (Mos.) | APR* |
|---|---|---|
| No minimum | 60* | 9.94%* |
| $10,000 minimum | 96* | 9.94%* |
| $15,000 minimum | 120* | 9.69%* |
| $20,000 minimum | 144* | 9.44%* |
| $30,000 - $99,999 | 180* | 9.18%* |
| $100,000 - $149,000 | 180* | 9.44%* |
| $150,000 - $300,000 | 180* | 9.19%* |
Details & Disclosures
1All rates and terms quoted are subject to change. Your APR may differ based on your credit worthiness and could be higher than the stated rate. Please ask a loan officer for details on how your rate is determined. Payment example: A 2015 boat financed for 120 months @ 5.44% APR would have a payment of approximately $10.82 per $1,000 borrowed. For additional payment examples, please contact a Georgia’s Own Loan Officer.
Points:
A point is equal to one percent of the principal amount of your mortgage. For example, if you get a mortgage for $100,000, one point means you pay $1000 to the lender. These points are usually collected at closing and may be paid by the borrower or the home seller, or may be split between them.
Annual Percentage Rate (APR):
A rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points and some fees.
Loan Assumptions and Disclosures
These sample rates are published weekdays at 10:00am EST.
The information provided is general and assumes only the following scenario:
- Purpose of the loan: Purchase a property.
- Property location: Atlanta, GA 30303
- Property Type: Existing single family home
- Property Use: Primary residence
- Estimated property value: $200,000
- Estimated down-payment: $40,000
- Loan amount: $160,000 (80% Loan to Value)
- Credit Score: 740
- Escrow (impound) account is required.
- Rate lock period is 45 days.
- Fees: $3000 to estimate closing costs in order to approximate an APR.
Georgia's Own Credit Union Loan Options
Mortgage Type:
5/5 ARM
Advantages:
- Interest rate stays fixed for first 5 years. Adjusts every 5 years thereafter.
Best Choice If:
- The benefits of both a Fixed and ARM product.
Disadvantages:
- Interest rate and monthly payments will adjust in the future.
- Interest rate can rise above the current fixed rates over time.
ARM Features:
- Fixed for 1st 5 years, adjusts every 5 years after.
Georgia's Own Credit Union Loan Options
Mortgage Type:
30-Year Fixed
Advantages:
- Level principal and interest payments for the full term of the loan.
- Allows for higher loan amount qualification and enhanced buying power.
- No risk that changing market conditions will increase your monthly payments.
Best Choice If:
- You plan on staying in the home long-term.
- You need your monthly payments to remain fixed over the life of the loan.
Disadvantages:
- Benefits of the fixed rate are not realized until after the 10th year. (10/1 ARM is a better option if loan is paid-off within 10 years.)
Georgia's Own Credit Union Loan Options
Mortgage Type:
15-Year Fixed
Advantages:
- Level principal and interest payments for the full term of the loan.
- No risk that changing market conditions will increase your monthly payments.
- The loan balance will decrease more rapidly than a 30 Year mortgage.
Best Choice If:
- You plan on staying in the home long-term.
- You need your monthly payments to remain fixed over the life of the loan.
- You would like to pay-off the loan balance quickly.
Disadvantages:
- Monthly payments are higher than a 30-year mortgage
Sample Payment:
- Please click on the P&I link at