Financing a Disney Vacation Club Resale Purchase
Vacation Club Loans is a sponsor of DVCNews.com and a trusted vendor in the Disney Vacation Club resale community. Note that rates and terms are subject to change. Click on any of the links below to visit their site for additional details regaring the resale financing process.
Whether you are a seasoned Disney pro or a first-time buyer, understanding your upfront costs is the first step toward ownership. When it comes to financing a DVC resale through Vacation Club Loans, down payment structures are simple and transparent so you can plan your budget with ease.
Here is everything you need to know about Vacation Club Loans' two down payment programs available to help you start making magical memories without paying in full immediately.
Can You Buy DVC Resale with a Low Down Payment?
YES, with as little as 10% down! Your down payment is determined by your credit profile/score. There are two straightforward paths to ensure everyone can find a way to finance their dream vacation membership.
For Credit Scores 600 and Above: The 10% Program
- If your FICO score is 600 or higher, you qualify for our most popular financing tier. With this option, the required down payment is only 10% of the purchase price, allowing you to preserve more cash while still securing your Disney Vacation Club contract.
- Additionally, if your FICO score is 600 or higher, you may also be able to finance up to 90% of Disney’s $500 Contract Administration Fee (CAF).
What this means for you:
- Your required down payment is still 10% of the purchase price.
- However, $450 of the CAF fee (90%) can be added to your loan instead of being paid up front.
As a result, the total amount you need to bring to closing is reduced, since a portion of the CAF fee is being financed rather than paid out of pocket.
For Credit Scores 599 and Below: The 20% Guaranteed Approval Program
If your score is 599 or below, you can take advantage of our "no credit check" option. For this program, the required down payment is 20% of the purchase price, and no additional fees may be financed.
Can you put more down and borrow less than the maximum?
YES, of course, you can always put more down if you’d like to reduce your loan amount. Borrow as little as you like.
How do I know what my 10% down needs to be?
The 10% deposit is based on the selling price of the DVC property you are purchasing. We recommend reviewing listings from a reputable DVC resale broker like our trusted friends at The Timeshare Store, Inc.®
How Your Deposit Works
It is important to remember how these payments fit into the overall resale financing process:
- The Escrow Deposit: When you sign your contract, you will need to put down a 10% good-faith escrow deposit with the broker/ title company handling the closing.
- Applying the Deposit: For those in the 600+ FICO tier, this 10% escrow deposit typically covers your initial down payment, as these loans are often financed at 90%.
- FICO scores of 600 +: 10% down payment required.
- FICO Scores of 700 +: 10% down, but add back closing costs to the loan!
- FICO UNDER 599: 20% down payment is required, and no fees are added.
- Flexible Terms: All buyers can finance up to 10 years with no “extended term penalty” meaning we do not charge higher interest rates for longer terms.
- For those with scores over 600, you may even have the flexibility to add your fees and closing costs to the loan, further reducing your immediate out-of-pocket expenses.
- With either the 10% or 20% down payment option, your deposit is applied directly toward the purchase of the DVC package. Any applicable closing costs and annual dues would be paid separately at closing.
Peace of Mind with ROFR
One of the biggest questions buyers have is: "What happens to my down payment if Disney buys the contract?"
Under the Disney Right of First Refusal (ROFR) process, Disney typically takes up to 30 days to review the sale. If Disney chooses to exercise their right and take the contract, your escrow deposit is 100% fully refundable. This means you can take that money and immediately start the process again on a different listing or walk away without any financial loss.
Ready to get started?
Whether you are aiming for the 10% down option or the accessible no-credit-check program, Vacation Club Loans is ready guide you through every step of the journey.
