Mortgage Costa Rica, S.A. Loans

LOAN PROGRAM

An Overview of the Lending Industry in Costa Rica

There are a number of similarities that currently exist between mortgages in Costa Rica and the United States. However, there are numerous differences as well. It is important to realize that regardless of the point of origination, most mortgages are predicated by the credit score of the individual applying for that loan, the loan to value, and the assets of the borrower. For more information, please refer to our FAQ’s Page.

From a historical perspective, the purchase of property in Costa Rica was always relegated to “cash only” purchases in the past. That was especially true where international investors were concerned. This is no longer the case due to significant changes in the banking and lending industry here in the country. At one time, procuring a loan from any Costa Rican bank or lending institution was literally impossible, but that has changed dramatically.

How do You Benefit from a Mortgage in Costa Rica?

Our company is always focused on assisting you in the mortgage process where investing in Costa Rican property is concerned. Despite recent changes in the industry, as well as the availability of global credit and how it has affected the real estate market in this country, we are still prepared to help you achieve the best results possible and have the right tools to accomplish this.

The lending industry is much more cautious now and have raised there rates considerably. Additionally, the length of time that is endured during the approval process is also lengthier than it used to be and some approval periods have stretched out for months at a time. Rest assured that Mortgage Costa Rica, S. A. will do everything humanly possible to see that this is not going to happen to you.

Our commitment to you is that we will always strive to do the following:

Access any and all support services you may require during the application and approval process
Answer any financing questions that may arise
Finance any pre-construction obligation
Finance the purchase of an existing commercial property, condominium, or residence
Finance the purchase of land in Costa Rica
Refinance your current Costa Rican property (if one exists) and help you invest in additional property
Refinance your current Costa Rican property (if one exists) help you pay off your current mortgage
Travel to Costa Rica in order to start the application process
Understand your budget capacity for mortgaging any Costa Rican property
Insure the closing goes perfectly, no surprises, no problems, with coordination for location and time to meet your busy schedule