DVC Resale Financing Options
Explore financing options from trusted lenders who specialize in Disney Vacation Club resale purchases. Compare rates, terms, and features to find the best fit for your needs.
Financing All DVC Resorts
Interest Rate Range
Loan Terms Available
3 - 10 Years
Understanding DVC Resale Financing
Purchasing a Disney Vacation Club membership on the resale market offers significant savings compared to buying directly from Disney. However, unlike direct purchases where Disney offers in-house financing, resale buyers need to arrange their own financing through specialized lenders who understand timeshare ownership. The good news is that several reputable companies focus exclusively on DVC and timeshare financing, offering competitive rates and flexible terms.
Why Traditional Banks Do Not Finance DVC
Most traditional banks and credit unions do not offer loans specifically for timeshare purchases. This is because timeshare interests are considered a unique type of real estate that does not fit standard mortgage lending criteria. Banks typically require properties that can be easily appraised and sold through conventional means, which does not apply to vacation ownership interests. This is why specialized lenders have emerged to fill this gap in the market.
Comparing Your Financing Options
When evaluating DVC financing options, several factors should guide your decision. Interest rates are naturally important, but they are just one piece of the puzzle. Consider the loan origination fee, which is a one-time charge added to your loan amount. Some lenders charge origination fees while others do not, which can make a meaningful difference in your total cost.
Credit check requirements also vary between lenders. Some lenders offer no-credit-check financing, which can be beneficial for buyers who prefer not to have an inquiry on their credit report or who may have credit challenges. However, loans without credit checks sometimes come with higher interest rates. Lenders who perform credit checks may offer lower rates for borrowers with excellent credit histories.
Key Factors to Consider:
- Total cost of the loan including origination fees
- Monthly payment amount based on your chosen term
- Whether the lender finances all DVC resorts or only specific locations
- Customer service reputation and responsiveness
- Flexibility for early payoff without penalties
Resort Eligibility Differences
An important distinction between lenders is which resorts they will finance. Some lenders provide loans for all seventeen Disney Vacation Club resorts, including Aulani in Hawaii, Vero Beach in Florida, and Hilton Head in South Carolina. Other lenders focus exclusively on Florida-based resorts, which includes the majority of DVC properties at Walt Disney World. If you are purchasing a contract at a non-Florida resort, verify that your chosen lender can accommodate your specific property.
Loan Terms and Monthly Payments
Most DVC financing companies offer loan terms ranging from four to ten years. Shorter loan terms result in higher monthly payments but lower total interest paid over the life of the loan. Longer terms provide lower monthly payments but increase your overall interest expense. Consider your budget and financial goals when selecting a loan term. Remember that all lenders listed here offer no prepayment penalties, meaning you can pay off your loan early and save on interest without incurring additional charges.
Getting Started with Financing
We recommend contacting multiple lenders to compare quotes before making your decision. Each lender listed above is an independent company, and rates and terms may change over time. When you find a DVC resale listing you are interested in purchasing, having financing pre-approval can strengthen your offer and speed up the closing process. Our team at DVC Sales is happy to assist you through the purchase process once you have your financing in place.