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.