Boat Financing in Florida -
Resources for AFYS Buyers

Loan amounts vary by lender, vessel age and condition, and borrower qualification. Most marine lenders finance vessels in good condition that are not too old. An AFYS broker can help you focus on vessels that are likely to qualify based on your situation.

Requirements vary by lender. Generally, a score above 680 gives you more options and better rates. Lower scores may still qualify with some lenders but may face higher rates or require a larger down payment. We recommend exploring your options with the financing resource AFYS recommends before you begin seriously looking at boats.

Down payment requirements vary - often between 10% and 20% depending on the loan size and lender. Knowing your down payment available helps your AFYS broker identify vessels in the right price range.

Older vessels can be harder to finance through traditional marine lenders. Vessel age, condition, and documentation history all affect eligibility. An AFYS broker can help you evaluate a vessel's financing prospects before you get attached to a specific boat.

Pre-qualification can happen relatively quickly. Full financing approval typically moves in parallel with the purchase process. Starting early is always better. Ask your AFYS broker to connect you with financing resources at the start of your search, not the end.

No. AFYS is a licensed yacht brokerage - we connect buyers with financing resources through our partner Diverse Offerings Finance. All lending is provided through that resource and its affiliated lenders.

Lenders often require USCG documentation or clear Florida title before closing. AFYS Marine Documentation Services handles this step - and AFYS brokers coordinate timing with documentation to make sure the deal closes smoothly.