Get a Mortgage in the Dominican Republic

A major international bank is now offering mortgages for residents of the UK, Canada and the US who are buying a second home in the Dominican Republic. This is a new program but we have had several clients who have successfully purchased homes using this mortgage program.

Following is some information from the bank concerning their mortgages:

Loan Information:

Maximum loan amount is 75% of appraised property value.
Maximum finance term is 25 years.
Interest Rate is 8% annually.
Minimum age to apply is 21 years of age

Documents required:

Copy of passport
Last 2 income tax statements
Authorization to issue a Credit Bureau Report from the customer's country of residence
Income letter, if an employee
Evidence of assets in your country of residence (must be US, Canada or UK)
Insurance assignment
Property Appraisal from an authorized appraiser.
Copy of Offer of Purchase & Sale
Proof of down payment.

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Get a Mortgage in the Dominican Republic

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