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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Sale Pending
Homes for Sale in Sosua Hills , Sosua, Puerto Plata $850,000
15 photos
Luxury House with pool in Prestigious gated community Villa with panoramic views Sosua Hills SALE PENDING
$850,000 USD
460 sq. m. Single Story Residential
Homes for Sale in Hispaniola Residencial , Sosua, Puerto Plata $790,000
12 photos
Beautiful Executive Home Short Walk to Sosua Beach - Large Private Lot!! VIDEO!! Incredible Gated Community Walk to Beach and Town PRIVATE LOT Hispaniola Residencial $790,000 USD 320 sq. m."3422 Square Feet" 2 Storey Residential
Homes for Sale in Sosua Ocean Village, Sosúa, Puerto Plata $700,000
16 photos
Sosua Ocean village Deluxe, Suite 3 bedroom luxury villa - Financing available! Sosua Ocean Village $700,000 USD 176 sq. m. Single Story Residential
Commercial Real Estate for Sale in Batey Sosua, Sosua, Puerto Plata $585,000
31 photos
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 Casa Linda, Sosua, Puerto Plata $579,000
24 photos
Amazing 6 bed 6,5 bath private villa on premium lot, Suite w/ incredible rental income Casa Linda $579,000 USD 3,347 sq. ft."311 sqm" Single Story Residential
Homes Sold in Casa Linda, Sosua, Puerto Plata $449,000
40 photos
Open Concept Modern Villa on Stunning Ravine Lot Casa Linda Custom Villa - With Guest Apartment Casa Linda SOLD  $449,000 USD 180 sq. m. 2 Storey Residential
Condos for Sale in Playa Laguna Beach, Sosua, Puerto Plata $429,000
8 photos
Gorgeous 3B penthouse with ocenview, Suite Private rooftop terrace Playa Laguna Beach $429,000 USD 232 sq. m. 2 Story Condominium
Homes for Sale in Sosua Ocean Village, Sosua, Puerto Plata $425,000
41 photos
Beautiful Home / Ocean Views / Financing! VIDEOS of House & Community!!! Amazing Opportunity! Sosua Ocean Village $425,000 USD 2,200 sq. ft. 2 Storey Residential
Condos Sold in Cabarete, Puerto Plata $399,000
49 photos
Cabarete Beachfront Penthouse For Sale - FINANCING Highest End Condominiums Directly Beachfront Cabarete SOLD  $399,000 USD 160 sq. m."1,722 sq.ft." Apartment Condominium
Condos for Sale in Cabarete, Puerto Plata $350,000
22 photos
3 Bedroom Surf Beach Condos - Financing with 65% Down Spacious Condo Steps to Famous Surf Beach Cabarete $350,000 USD 146 sq. m."1570 Square Feet" Apartment Condominium
Sale Pending
Condos for Sale in Playa Laguna Beach, Sosua, Puerto Plata $329,000
10 photos
Stunning 2 bed condo by the beach, Suite Financing available Playa Laguna Beach SALE PENDING
$329,000 USD
129 sq. m. Single Story Condominium
Condos for Sale in Sosua Oceanfront, Sosua, Puerto Plata $279,000
16 photos
Beautiful 2B condo complex with semi-private beach, Suite Infiniti Blu - Financing offered !!! Sosua Oceanfront $279,000 USD 159 sq. m."1710 sqft" Single Story Condominium
Homes Sold in Sosua, Puerto Plata $240,000
33 photos
Well Priced Sosua Ocean Village Home - Video of Community - Some Financing Furnished Villa in Secure Gated Community with Private Pool Sosua SOLD  $240,000 USD 110 sq. m."1183 square feet" Single Story Residential
Condos Sold in Playa Laguna Beach, Sosua, Puerto Plata $189,000
7 photos
Playa Laguna Condos Ocean view condos steps to beach Playa Laguna Beach SOLD  $189,000 USD 90 sq. m. Single Story Condominium
Condos Sold in Cabarete, Puerto Plata $169,000
23 photos
Surf Beach Condos! Financing Available Gorgeous Condos Steps to Encuentro Beach Cabarete SOLD  $189,000 USD 100 sq. m."1,000 square feet" Apartment Condominium
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