MORTGAGES

MORTGAGES
  1. GENERAL GUIDLINES
    • Mortgage financing here in the Dominican Republic is limited and can be time consuming.
    • Financing is only  available to citizens from the United States, Canada and the United Kingdom
    • Projects or developments must also be approved by the lender – Casa Linda is an approved project.
    • Mortgages are done in United States dollars (US)
    • 20-25 year amortizations available
    • Interest rates from 3.75 – 5.75 %
    • Downpayment of 35% on houses under $1,500,000 US
    • Downpayment of 40% on houses between $1,500,000 to $2,500,000 US
  2. FIND OUT IF YOU QUALIFY.  DO THIS FIRST:

We only require two items for determine if you qualify for DR financing:  your credit report and your income.

  1. To obtain your credit report click below:
  • United States:  TransUnion US
    • Your credit (FICO) score to qualify must be greater than 640
  • Canada:  Equifax Canada
    • Your credit (Beacon) score to qualify must be greater than 680
  • UK:  https://www.equifax.co.uk/
    • Your credit score to qualify must be greater than 640
  • If your credit score is above minimums, proceed to obtaining:
  1. Income Information:
  • United States and UK:  Two-years of tax returns
  • Canadians:  Two-years of Notice of Assessments
  • Then, contact Tony Willies to discuss further steps cell/WhatsApp: 1-809-907-2277
    Email: sales@dominicanrepublicvillasales.com
    Tony will let you know where to send the application and the next steps to getting your pre-approval and eventual funding.