Bank Financing

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Bella Vista Condominium, Playa Herradura, Costa rica

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Vacation Rentals
Costa Rica has numerous private and state run banks that provide financing to foreigners. The qualifying process is much more tedious here requiring the potential borrower to provide additional documentation other than the standard loan applications, income tax statements and forms typical in the US. It is imperative that the Borrower be organized and aware so that time and money are not wasted. HRG can help shepherd Borrowers through the loan process making sure they are up to date on current rates and lending options as well as pointing out potential pitfalls through closing.

Borrowers can expect a minimum of 30% down payment with interest rates and closing costs that are considerably higher than those in the U.S. Costa Rican Banks typically do not handle refinancing.

While most Costa Rican banks can be challenging to deal with, HRG maintains a good relationship with select loan officers who can provide you with the quality service. HRG can handle assist you throughout the qualifying process.

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