1-844-872-8686 info@buyincasalinda.com

Mortgage Financing

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:

Dominican Republic Bank Financing

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

  1. Find out if you qualify.  Do this first:

 The minimum requirements in order to qualify for mortgage financing in the DR are:

  1.  Credit Score: The minimum credit score required is 660 (USA and England citizens) and 680 (Canadian citizens)
  2. Total Debt Service Ratio of less than 35% of your monthly income.
  3. Net Worth Ratio: This means you must have sufficient assets with evidence that demonstrate the capacity to acquire other assets. The formula is as follows; Net Worth = Assets – Liabilities (the Net Worth must be higher than the loan amount, without including the down payment) Proof of employment income or other type of income.
  4. Income Information:
  • United States and UK:  Two-years of tax returns
  • Canadians:  Two-years of Notice of Assessments
  1. Start the application process


For additional information, please emailinfo@buyincasalinda.com.  We can tell you 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.
  • The bank will lend a maximum of 65% of the value of your property
  • 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)
  • The bank only release the loan once the house is completed. Casa Linda will provide bridge financing during the construction. These are interest only payments of 8% of the ammount financed. When the house is completed the bank will release the money and you start making payments to the bank

Lending Costs:

  • 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

Join us and have fun in the sun!

Talk to us!  We are here to provide information, answers & show you how possible a DR villa really is.