Hit the open water

In most cases, we can make a decision on your loan application in under 24 hours.  In some cases, we may need to ask you for more details, and then the process takes a little longer.

You’ll need to provide the following information on your loan application: 

• Name 
• Social security number 
• Physical and mailing address 
• Employment information 
• Gross monthly income 
• Date of birth 

In some cases, we may ask for additional information when you submit your application.  

No, you don’t have to be a member to apply, but you do need to become a member if you want to take the loan. But don’t worry—it’s quick and easy to join Alaska USA.  

When you apply for a loan, we ask if you’re already an Alaska USA member. If you’re not, just follow the instructions at the end of the application process to join. 

Normally, we offer boat loans to finance models that are seven years old and newer, but we sometimes make exceptions for qualified applicants. If you want to finance an older boat, give us a call at 800-525-9094 to discuss your options. 

There are no application or origination fees for a boat or vessel loan, but you may need to pay documentation and Preferred Marine Mortgages fees. The exact amounts will be 

disclosed by the documentation company before your loan is funded. These fees can be financed as part of your loan if you wish.  

Yes, we require U.S. Coast Guard documentation of all vessels measuring 5 net tons or more in order to file a Preferred Marine Mortgage. Most vessels that are 25 feet or longer will fall into this category.