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Can I Get a Mortgage in the Dominican Republic?

For foreign buyers, getting financing in the Dominican Republic is not an easy task. Fortunately, we are here to help you as much as we possibly can!

 

Many buyers choose to obtain a line of credit from their home bank which is the best option because this is generally where you will obtain the lowest interest rates.

 

If financing from your home bank is not an option, there are two types of financing options available in the DR. Seller financing, where the seller/developer is willing to provide the buyer with a mortgage, or traditional bank financing.

 

SELLER FINANCING

Some of our sellers are willing to offer owner financing to buyers. Usually they require at least a 50% down payment and require repayment within 3-5 years. You can see a full list of our properties below where the sellers are willing to offer some financing.

 

 

BANK FINANCING

Scotiabank 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.  

 

Scotiabank Mortgage Information:Home Loan to buy property in the Dominican Republic

  • Maximum loan amount is 70% of appraised property value.
  • Maximum finance term is 25 years.
  • Interest Rate is 5.95%% annually.
  • Loan applicant must own a first home in Canada, US or UK
  • Minimum age to apply is 21 years of age

 

 Documents required to apply: 

  • 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.

 

Contact us today if you would like some further information!

Search Our Dominican Republic real estate listings by clicking here!!


Properties With Owner Financing Available


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PhotoAddressLocationNeighborhoodPriceSizeStyleType
28 photos
Beach House for Sale(New Construction)
Luxury Villa on Beach Sosua $1,500,000 USD 545 sq. m."5864 square feet" 2 Storey Residential
18 photos
Beach Hotel for Sale - MOTIVATED - MAKE AN OFFER!!
Cabarete beach front hotel for Sale Cabarete Bay $1,195,000 USD Commercial Commercial
15 photos
House with pool in gated community
Villa with panoramic views Sosua Hills $999,000 USD 460 sq. m. Single Story Residential
21 photos
Luxury Villa in exclusive hillside gated community
Stunning Haciendas el Choco El Choco $595,000 USD 350 sq. m. Single Story Residential
29 photos
Small Hotel Steps to Beach - Amazing Ocean Views
B&B for Sale Cabarete Beach Cabarete $595,000 USD 560 sq. m. Commercial Commercial
25 photos
Cabarete "Seahorse Ranch" Villa Zen
Puerto Plata Sea Horse Ranch $579,000 USD 450 sq. m."4550 square feet" Bungalow Residential
23 photos
Beach Front House for Sale - 6 Bedrooms Including Guest House
Ocean house for sale Las Canas $575,000 USD 5,700 sq. ft. 2 Storey Residential
14 photos
House with Ocean Views for Sale
House for Sale views of Encuentro Cabarete $380,000 USD 210 sq. m. 1 1/2 Story Residential
25 photos
Stunning Villa in Exclusive Gated Community
Executive home for sale Sosua $379,000 USD 250 sq. m."2690 square feet" Single Story Residential
13 photos
Luxury Villa for sale 10% Rental Return Guaranteed!(New Construction)
Sosua Homes for Sale Sosua $359,800 USD 274 sq. m."2949 square feet" Single Story Residential
19 photos
Las Olas, Perla Marina
Beachfront Apartment for Sale Cabarete $350,000 USD 196 sq. m. Apartment Condominium
26 photos
4 Bed Villa in gated community UNDERVALUED
Amazing Villa with Pool Fully Furnished Sosua $340,000 USD 1,022 sq. m. Single Story Residential
15 photos
House in Perla Marina Steps to Beach - UNDERVALUED
Home with beautiful outdoor living areas Cabarete $330,000 USD 314 sq. m."3380 square feet" Single Story Residential
17 photos
Beachfront B&B Fixer Upper - Financing Available
Beachfront hotel for sale Las Canas $298,000 USD Commercial Commercial
12 photos
Villa - Stunning Ocean Views in Casa Linda REDUCED!
House with pool in Sosua Casa Linda $280,000 USD 2,200 sq. ft. Single Story Residential
<< Prev  1  2  3  Next >>

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#2A HVB Plaza | Carretera Sosua-Cabarete km 4 | Sosua, Puerto Plata | Dominican Republic

 

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