How to Finance your Dominican Republic Real Estate
- Finance with a Local Bank in the Dominican Republic.
In the Sosua-Cabarete area there are a few local banks that will offer mortgage financing such as the Scotiabank or the Banco Santa Cruz. The Banco Santa Cruz has a quick pre-approval process with-in 24 hours. The Banco Santa Cruz offers interest rates at 6.5%, amortization for 15 years, 35% downpayment plus a quick pre-approval process. The approval process is similar to North America with providing paperwork, however it may take longer than North America.
- Finance within your Home Country
You can refinance your home or take out a home-equity line of credit in your own country. The benefits are shorter approval times, lower interest rates and a wider variety of financing options.
- Developer Financing
There are a few projects in the area that offer developer financing. Terms of the financing and the down payment will vary by developer. Wildefire Properties can direct you to what developers offer financing.
- Private Lender
You can work with Wildefire Properties to find a local private lender.
We would love to hear from you, get in touch with us:
Richard Regan, President
Mobile Dominican: 849-861-0697 (Can be reached using WhatsApp)
Mobile Canada: 416-930-8925 (Can also be reached by FaceTime Audio)