Apartments and Villas  Rental in the Dominican Republic
Dominican Republic Real Estate Agents: Meet the Team!

Dominican Republic Real Estate
by Coral Bay

Buying property in the Dominican Republic is very straigh forward and for qualified clients we can find the right financing package.


 

Legal Overview

 Coming Soon. The Golf course at Sea Horse Ranch. Contact us now to reserve your place on this new development.

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 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.

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 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.

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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.

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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Dominican Republic Real Estate

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