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 your DVC resale through Vacation Club Loans, we keep our down payment structures simple and transparent so you can plan your budget with ease.
Here is everything you need to know about the two down payment programs available to help you start making magical memories.
YES, with as little as 10% down! Your down payment is determined by your credit profile, and we have designed 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. Under this program, your required down payment is just 10% of the purchase price. This allows you to keep more cash in your pocket while still securing your contract.
- For Credit Scores 600 and Above: But Wait, There’s MORE!
If your FICO score is 600 or higher, you can also ADD 90% of the DVC CAF fee of $500 into the financing side. Meaning your down payment is now lower than 10% of the purchase price alone because we’re adding another $450.
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- For Credit Scores 600 and Above: But Wait, There’s MORE!
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 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
We believe everyone should have the opportunity to own a piece of the magic, regardless of their credit history. 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 like to decrease your loan. Borrow as little as you like.
How Your Deposit Works
It is important to remember how these payments fit into the overall ” LINK How DVC resale financing works.docx” 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.
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 WWW.DVCSTORE.COM . Click here to review their best deals! ” LINK https://www.dvcstore.com/dvc-listings/
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 our accessible no-credit-check program, we are here to guide you through every step of the journey.
See our CALCULATOR for down payment options!