Research All DVC Financing Providers
Unlike some brokers, Magic Resales does not endorse and is not affiliated with any financing provider. The information provided below is based on our own research and experiences, is intended for educational use only, and varies substantially based on individual circumstances.
Sample of Financing Providers
Based on reported rates at the time this page was published, the providers listed below offer DVC financing ranging from 5.73% – 17.9%, depending on personal credit history, down payment, and term of the loan.
Lightstream is unique among the companies listed below in that they can issue an unsecured loan. These loans are based almost entirely on your income and credit history, and can sometimes have lower rates. On the other end of the spectrum, some other providers can issue a mortgage with no credit check for as little as 5% down, but the financing terms tend to be less favorable.
| Lightstream | http://www.lightstream.com | Online Application Only |
| Vacation Club Loans | https://www.vacationclubloans.com | 800.334.2334 |
| Monera Financial | https://www.monerafinancial.com | 855.382.3863 |
Consider Paying Cash or Taking out a HELOC
Depending on your individual capacity, average investment returns, and/or home equity, it may make more sense to borrow from a retirement plan or take out a Home Equity Line of Credit to pay for your DVC purchase. These options, if available, can result in substantially lower interest payments, reducing the overall cost of your DVC purchase.
If It’s Needed, Make Sure Financing Is Secured Prior to Signing a Contract
In the case of both secured and unsecured financing, approval can and should be attained prior to signing a contract to purchase. Unlike many home purchases, our DVC sales contracts are not contingent on financing. Accordingly, to protect their deposit, buyers should have cash or financing secured prior to entering into a contract to purchase.