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Coming
Soon. The Golf course at Sea Horse Ranch. Contact us now to reserve
your place on this new development.
Read more
A
beautiful 200-acre ranch converted into Caribbean country estates,
this deveopment is home to some of the finest homes and building
plots at the upper scale of Dominican Republic property.
Read more
Need
a good quality rental car at prices below National, Avis & Hertz?
We have partnered up with a number of agencies in the area to source
the best prices and cars for you.
Read More
Property
to $US200,000
Property
to $US350,000
Property
to $US500,000
Property
over $US500,000
Dominican
Republic Villas
Apartments
to $US200,000
Apartments
over $US200,000
Bavaro/Punta Cana
Cabarete Real Estate
Cabrera Real Estate
Puerto Plata Real Estate
Samana Real Estate
Sosua Real Estate
Caribbean
building land
Top picks Properties
Looking
for more information on Cabarete
Real Estate, Sosua Real Estate
, Puerto Plata Real Estate
or Cabrera Real Estate? have
a look through our descriptions of the area and see which one suits
you.
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Finance, Loans
& Mortgages for Property in the Dominican Republic
For qualified clients we can find financing from a number of options.
These include the following:
- Local reputable banks
- Finance from Overseas institutions
- Owner financing (where the owner / developer finances your purchase.
General Terms & Conditions for overseas financing
• The “American-style” mortgage trust loan program
is currently available to home-buyers at selected resorts and residential
development projects.
• By leveraging U.S. assets, this program provides affordable
permanent mortgage loans when local bank financing would otherwise
be unaffordable or unavailable
• This is different from a home equity loan and your US assets
are freed and returned after a period of seasoning usually 10 to
12 months
• Must be a U.S. citizen with U.S. assets, and net worth of
at least the value of the vacation/retirement property
• Loan amounts: $150,000 to $2,500,000 USD
• 20- to 30-year amortization
• Interest rates: 7% to 9% fixed, depending upon creditworthiness
• 70% Loan to value
• Full-document loans; stated loans possible; loans are in
U.S. dollars
• Construction to permanent financing and undeveloped land
financing available
Required Documentation
• Completed and signed borrower application (Form 1003) including
complete list of real estate owned
• Authorization to check credit
• Completed and signed service agreement and disclosures
• Proof of income—Salary employee: W-2s for previous
2 years; complete 2 years of tax returns; last 2 pay stubs; full
verification of employment, work telephone number
• Proof of income—Self-employed: Complete 2 years of
tax returns; CPA letter and/or reference letters, or other business
documentation
• Proof of other income, such as rental income or fixed income:
Rental agreements or tax returns to support other income
• Most recent monthly account statement from each mortgage
account or asset account
• Purchase Agreement
Please contact us directly with any questions; we look forward to
assisting with your financing needs for your new vacation/retirement
property.
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