Banks like Scotiabank offer financing options for non-residents, allowing them to borrow up to 70% of the property's appraised value.

Loan terms typically range from 5 to 20 years, providing flexibility for borrowers.

Interest rates for bank financing in the Dominican Republic generally start around 7-9% per annum, although these rates can vary. 

The loan approval process involves a comprehensive evaluation of the borrower's creditworthiness and the property's value.

Engaging the services of a local lawyer with your real estate professional is highly recommended to navigate the financing process successfully.

Our expertise will help ensure a smooth and secure transaction, protecting your interests.

Embrace a more flexible financing option as the property's owner or developer acts as the lender, creating a direct agreement between buyer and seller.

Enjoy the benefit of negotiable terms and conditions that often surpass the limitations of traditional bank financing.

Personalize your down payment, interest rate, and repayment schedule by collaborating directly with the seller or developer, allowing for greater flexibility.

It's important to note that terms and availability can vary significantly depending on the specific property and the seller/developer. In the Dominican Republic, owner/developer financing deals often have shorter terms compared to traditional bank mortgages.

This type of financing provides an attractive solution for buyers who may not meet the requirements of traditional bank loans, offering a more personalized and tailored approach.

Ensure a secure and transparent transaction by conducting thorough due diligence, carefully reviewing the terms and conditions of the agreement, and seeking professional legal advice with your agent before committing to an owner/developer financing arrangement.