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Guide to financing a Disney Vacation Club resale purchase

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Disney Vacation Club Resale
Lake Buena Vista, Florida, USA – August 19, 2015: an entrance of Walt Disney World Resort. Some cars are visible.

When you buy a Disney Vacation Club membership directly from Disney, you can obtain financing from them, as well as other lending institutions. When you buy resale, you do not have the option of getting financing from Disney – but you do have other excellent choices.

Here’s a guide on how you can obtain financing for a Disney Vacation Club resale purchase.

Loans from banks

The most popular form of financing for a DVC points resale is through a small home equity loan or signature loan from your local bank.

When your home is worth more than what you owe on the mortgage, you can borrow from the bank with your home as security. Small home equity loans often come with lower interest rates, and approval for one is generally easy to obtain.

A signature loan may be obtained with only the borrower’s signature and promise to pay as security. This type of loan typically comes with a higher interest rate because of the lack of actual collateral.

Timeshare financing

There are several lending institutions that specialize in timeshares and offer attractive financing options for DVC points. These include:

  • Vacation Club Loans

One of the leading vacation and timeshare financing institutions in the country, Vacation Club Loans offers an interest rate discount for DVC resale purchases. They can finance up to 80% of the purchase price at low interest rates, starting at 9.9% for DVC points only. Loans are payable up to 5 years.

  • Monera Financial

This company offers financing solely for DVC home resorts located within Florida. You get automatic approval without credit checks or any required financial information. Interest rates range from 9.9% to 15.9%, with loans payable up to 120 months.

  • Timeshare Lending

Offering resale financing for top vacation clubs, Timeshare Lending can finance DVC point purchases in properties outside of Florida only. DVC financing applications are approved automatically without credit checks. Interest rates are between 9.9% and 13.9%, and loans are payable up to 120 months.

  • Lightstream – A Division of SunTrust Bank

This institution boasts the lowest APR (Annual Percentage Rates) starting at 6.94%, with up to 60 months to pay. The company reviews applicant’s’ credit history and ability to pay.

Important points to consider in getting financing for DVC resale purchases

  • You are buying points, which determine where you can book your stay. Various Disney resorts have different point requirements, and the price per point depends on your choice of “home resort,” or where your points are deeded. You are not limited to staying only at your home resort, however. As long as you have enough points, you can stay at other DVC resorts. You do have the privilege of booking 11 months in advance at your home resort, compared to only 7 months at other resorts.
  • You pay a nominal closing fee for a resale purchase.
  • You pay an annual maintenance fee which is based on your “Home”resorts annual budget.  The annual fees vary between $5.86 to $8.53 per point.

If you need help in finding the right financing for your DVC resale purchase, we can help you! Get in touch with us at 1-800-550-6493 or 407-239-8899, or contact us through this website.