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.



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.




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.  

But keep in mind there are stringent qualifications with an average of 1 in 12 being approved. Also the applicant must own a home in North America, or the UK and have assets totalling at least the value of the mortgage, therefore this is not an option for the majority of buyers.



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

  • Maximum loan amount is 65% of appraised property value.
  • Maximum finance term is 25 years.
  • Interest Rate is 3.75-5% annually.
  • Loan applicant must own a first home in Canada, US or UK or have assets in at least the value of the mortgage.
  • Credit rating of at least 680 for Canadians and 640 for US applicants
  • 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) equivalent to at least the amount of the mortgage.
  • 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!!

Requirements and Forms for Scotiabank Mortgage

Below is the information and application forms required by Scotiabank in order to apply for a mortgage. Please download now and I'll send the documents to your inbox immediately. Please contact me anytime with any questions or concerns 


Telephone: 1-829-648-4141 - clicking the number will dial directly if you are on your cellular phone


Whatsapp Chat: 1-829-648-4141 - clicking the number will take you directly to a Whatsapp Chat.


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Properties With Owner Financing Available

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Homes for Sale in Sosua Oceanfront, Sosua, Puerto Plata $1,050,000
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Luxury Ocean Front Villa in Sosua Ocean Village FINANCING with $570k down - VIDEO!! Exclusive Gated Community Sosua Oceanfront $1,050,000 USD 194 sq. m. Single Story Residential
Homes for Sale in Sosua Hills , Sosua, Puerto Plata $850,000
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Luxury House with pool in Prestigious gated community Villa with panoramic views Sosua Hills $850,000 USD 460 sq. m. Single Story Residential
Commercial Real Estate for Sale in Batey Sosua, Sosua, Puerto Plata $585,000
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Investment Property - 4 Condos plus Owner's Suite - Financing! VIDEO Short Walk to Beach and Town Batey Sosua $585,000 USD Commercial Commercial
Homes for Sale in La Mulata, Sosua, Puerto Plata $499,000
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Executive Villa with Stunning Panoramic Ocean Views FINANCING! Stunning home on large lot La Mulata $499,000 USD 520 sq. m. Bi-Level Residential
Homes for Sale in Casa Linda, Sosua, Puerto Plata $399,000
40 photos
Open Concept Modern Villa on Stunning Ravine Lot FINANCING Casa Linda Custom Villa - With Guest Apartment Casa Linda $399,000 USD 180 sq. m. 2 Storey Residential
Condos for Sale in Cabarete, Puerto Plata $399,000
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Cabarete Beachfront Penthouse For Sale - FINANCING Highest End Condominiums Directly Beachfront Cabarete $399,000 USD 160 sq. m."1,722 sq.ft." Apartment Condominium
Homes Sold in Carretera Sosua - Cabarete , Cabarete, Puerto Plata $360,000
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House in Perla Marina Steps to Beach - UNDERVALUED - VIDEO Home with beautiful outdoor living areas Carretera Sosua - Cabarete SOLD  $360,000 USD 314 sq. m."3380 square feet" Single Story Residential
Homes for Sale in Terramar, Sosua, Puerto Plata $360,000
35 photos
Sunset valley Terramar Terramar $360,000 USD 1,000 sq. m. Bi-Level Residential
Condos for Sale in Cabarete, Puerto Plata $350,000
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3 Bedroom Surf Beach Condos - Financing with 50% Down Spacious Condo Steps to Famous Surf Beach Cabarete $350,000 USD 146 sq. m."1570 Square Feet" Apartment Condominium
Homes for Sale in Carretera Sosua - Cabarete , Cabarete, Puerto Plata $349,000
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House with Ocean Views for Sale House for Sale views of Encuentro Carretera Sosua - Cabarete $349,000 USD 210 sq. m. 1 1/2 Story Residential
Homes for Sale in El Choco , Sosua, Puerto Plata $345,000
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El Choco, Sosua, Suite Vita Vesta El Choco $345,000 USD 22,422 sq. ft. Single Story Residential
Homes Sold in Hispaniola Residencial , Sosua, Puerto Plata $339,000
30 photos
4 Bedroom Villa with Separate 1 Bedroom Apartment - Financing only 30% Down Live in Villa and Rent Apartment to Cover Expenses Hispaniola Residencial SOLD  $339,000 USD 2 Storey Residential
Homes Sold in Casa Linda, Sosua, Puerto Plata $300,000
41 photos
REDUCED! Stunning Ocean Views in Secure Gated Community FINANCING! Beautiful Tropical Villa Casa Linda SOLD  $300,000 USD 199 sq. m. Single Story Residential
Condos for Sale in Cabarete, Puerto Plata $275,000
18 photos
Las Olas, Perla Marina Beachfront Apartment for Sale Cabarete $275,000 USD 196 sq. m. Apartment Condominium
Condos for Sale in Sosua, Puerto Plata $270,000
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Sosua Hispaniola Beach Condominium For Sale - Mid-construction Prices!! VIDEO!(New Construction) Beach condo in Sosua Sosua $270,000 USD 120 sq. m. Apartment Condominium
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