Mortgage Financing

in the Dominican Republic

For buyers requiring mortgage financing, there are two options available:

  1. Use the equity you have.  Obtain a home equity line of credit or do a refinance of an existing property in your home country.  Rates are often better and the process easier.
  2. Take out a new mortgage in the Dominican Republic with a local bank.  Here is where to start, and how it works:


Please follow the steps below in order to begin the DR financing process:

  1. 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:  Equifax 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
  1. Start the application process

Send your credit report and tax information along with a completed mortgage application.  Click the link below to download:

Then, contact our broker, Mel Valerio to discuss further steps

Toll-free:  1-800-513-5808 or cell/WhatsApp:  809-802-3700


Mel will let you know where to send the application and the next steps to getting your pre-approval and eventual funding.

  1. General guidelines
  • 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
Mel (Emilio) Valerio

Mel (Emilio) Valerio

Mortgage Broker

Mel is a former Canadian bank manager and mortgage brokerage owner.  He has been helping buyers obtain financing for over 40-years.  He is very experienced working with both lenders and buyers and understands the processes and ins and outs of DR lending.

He is ready to help you achieve your tropical Dominican Republic dreams.

Lending Costs:

  • Brokerage fee: 1% of mortgage amount. Minimum fee of $700 US
  • Legal fees to register mortgage
  • Appraisal: $175-$500 US

Full Documentation Requirements after approval:

  • Mortgage application
  • Client consent to release tax data (bank)
  • FormW9_E (US citizens)
  • Authorization to obtain credit report (from bank)
  • Passports and drivers’ licenses
  • Social Security or Social Insurance Number
  • Letter of Employment from Employer (cannot be greater than 30-days old – obtain pre-approval first)
  • Last six months of paystubs for salaried applicants
  • W-2 for US applicants (last two years)
  • T-4 slips for Canadian applicants (last two years)
  • Form P60 tax summary for UK residents
  • Letter of reference from your two primary banks (home country)
  • Last six months of bank statements
  • Proof of ownership of assets listed on your mortgage applications (eg. Title, tax assessment, mortgage assessment, insurance, registration of vehicles, investment statements)
  • Last three months credit card statements
  • Proof of downpayment (where it is coming from) for money laundering purposes


What is not possible:

  • No subprime financing
  • No mortgages in non-approved projects 
  • Mortgages are not available on purchases of over $2,500,000
  • Mortgages to corporations