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Mortgage Financing

in the Dominican Republic

Please note that we are not a mortgage brokerage.  We assist our buying clients with local banks, but buyers must apply on their own.


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


Or place a home equity line of credit on an existing  property in your home country to pay for the DR purchase:


  • Often a better option as rates are better
  • More mortgage products are available to you
  • It takes less time
  • In many countries the interest paid is now tax deductible (if DR property is at least a part time rental)


 Place a new, US dollar first mortgage on the DR property being purchased.


  • Interest rates are between 3.75-5.75%
  • Amortizations up to 25 years
  • 35-40% down payment required
  • The approval process is similar to that of North America, with lenders requiring similar documentation
  • You can be self-employed

DR Mortgage Financing.  Where Do You Start?

Below are some the steps you can follow and find out if you qualify:

  1. Will You Qualify?  Start here.

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

Contact Bernie Tietz in our office to discuss further steps


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

  1. Some 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
  • 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

Lending Costs:

  • Brokerage fee: 1% of mortgage amount. Minimum fee of $700 US
  • Legal fees to register mortgage
  • Appraisal: $300-$500 US

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
  • Financing of raw land or farms

Full Documentation Requirements:

(after approval)

  • Mortgage application
  • Client consent to release tax data (bank)
  • Form W9_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


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These developments offer gated security, rental options, management services and lock-up-and leave options.    Buyer favourites.

Begin Your Dominican Republic Journey Today

Talk to us about villas, condos, real life and everything else DR.
We are here to help.  No pressure.

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