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Casa Linda Payment Terms & Mortgage Financing2018-10-16T10:34:25+00:00
Dominican Republic Beach North Coast

Casa Linda makes owning possible.

 Whether through your own resources, or through our financing program,
Casa Linda will help you visit a beach like this every day.

Payment Terms:

Like many projects in North America and Europe, Casa Linda constructs based on payments made at certain stages of construction. Although payment terms are based on client needs, the following is the general outline:

  • 35% of purchase price to begin construction (this amount is less $15,000 if a lot reservation was done previously)
  • 30% of purchase price 2 months after start of construction (dependent upon construction schedule)
  • 25% of purchase price 4 months after start of construction (dependent upon construction schedule)
  • 10% percent upon taking possession of the villa less a $5,000 holdback pending period to correct any deficiencies and obtaining final title.

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Mortgage Financing:

Bank Financing:

There are local banks who will provide mortgage financing for “non residents” of the DR; however, please know that the process is cumbersome and very slow.  Normal bank qualification requirements apply including income, credit score, ability to repay, etc.  Down payments can be as low as 30% of the purchase price.  Scotia Bank and Banco Popular have proven to be the best to work with for our buyers, and we will be happy to introduce you to local representatives.

Best terms for US, Canadian and UK citizens:  30% down payment, up to 25 years amortizaton, 5.95-7% for five year term.