Punta Cana Real Estate, Punta Cana Condos, REMAX Punta Cana, Dominican Republic Real Estate, Bavaro Beach Condos,

Punta Cana Real Estate Financing

Mortgages are a relatively new concept to both Punta Cana and the Dominican Republic. Due to these reasons, less than 1% of all real estate transactions in the Bavaro Punta Cana region are closed using Bank Financing, expanding the market with financing provided directly by the owners of properties in the area.  On this page we are Featuring our properties that can be purchased with Seller Financing, which means that the seller will take back the mortgage.  You finance directly with the Seller of the Property.  Take a look at our options and contact us if this seems like an option for you.  We can customize financing to meet your needs!


Bank Financing 


For a Condo or Villa to qualify for a Bank-Originated Mortgage you must take into account the following points:


        ·         The Condo or Villa must have its Individual Title or the Developer must have 
submitted the Land Title (or “Mother” Title) for the entire community to the
                   Bank to hold until the Mortgage is paid off.

·         Completed and Signed Loan Documents.

·         Proof of Life Insurance.

·         Copy of Passport(s).

·         Copy of Income Tax Returns.

·         Signed Authorization for International Credit Report.

·         Copies of your last 3 month’s Bank Statements.

·         Monthly Income Statements.

·         Open a Bank Account with the Lender.


Listed below are the rates and terms quoted by the leading banks offering loans in the Punta Cana Bavaro region as of August 2015:


 See full size image


          15% Down Payment, 20 Years, 13.5% APR (USD Only)

          APR is Fixed for 1 year and then adjusts according to the market 


See full size image          Scotia Bank:

          30% Down Payment, 25 Years, 8% APR (USD Only)

                                         APR is Fixed for 1 year and then adjusts according to the market 


Seller Financing 


To buy a Condo or Villa that offers Owner Financing you must take into account the following points:


        ·         Present a Purchase Offer. 

·         Copy of Passport(s) and Other Identification (DNI, Driver's License).

·         Pay the Down Payment required by the Seller.

·        Availability to sign the Sales Contract in approx. 3 weeks after the down 
payment is paid.


For more information about the Terms of the Seller Financing please contact us info@dr4sale.com

Please note that all Rates and Terms are subject to change without notice. REMAX Tropical is publishing Rates and Terms as they have been provided to us by the Lenders. Rates and Terms are locked in once the Loan has been approved.



Frequently Asked Questions about Seller Financing


General Questions

  • What is the interest rate on Seller Financing?  We have been working with anywhere from 6-8% fixed APR depending on the down payment, the term (how many years), and the negotiation.


Buyer Questions

  • How much do I have to put down?  That depends on the negotiation.  You can normally get better terms the more you put down.  At least 20% is normally a minimum.  Contact us for information on special deals with more motivated sellers.
  • Where do I send the payments?  You send payments directly to the seller’s account.  This can be discussed and finalized prior to closing.  Buyer is responsible to pay any transfer fees to deliver the payment to the seller.
  • When do I own the property?  You own the property right away.  The seller becomes the lienholder with a first position against the title.  You are responsible and liable for the property once you take possession.
  • Is there a penalty if I want to pay off the loan early?  No.  If you want to pay off the loan before the end of the term we simply reference the original amortization table to find the corresponding payment which will note the remaining principal balance for the loan as of that payment.


Seller Questions


  • How much do the buyers put down?  Depends on the negotiation.  You have to decide the minimum you want down to deliver your property.
  • How do I receive the payments?  This is up to you.  It is the buyer’s responsibility to make the payments and to where you want them.
  • How am I protected if the buyer doesn’t pay?  Your contract will state how much, when, and how the Buyer should pay and the conditions upon which you can foreclose on them.  The mortgage can be recorded and you can reclaim the property if the buyer defaults on their payments.
  • Does it cost me more money to offer financing?  No.  You will actually earn more money by collecting interest with the monthly payments from the Buyer.



If you are a Seller and would like to offer a Financing Incentive to stimulate the possibilities to sell your property please contact us.

Our Listings that Offer Seller Financing

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Serena Village 2 BR Condo Punta Cana Real Estate, Suite B4-103
Serena Village $58,000 USD 70 sq. m."7,532 Square Feet" Single Story Condominium
17 photos
Serena Village, Suite B9 - 301
176959814 Serena Village $60,000 USD Single Story Condominium
Sale Pending
20 photos
Gema Lodge Garden 1 BR Condo Punta Cana Real Estate, Suite 48
$74,900 USD
703 sq. ft."65 M2" Single Story Condominium
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EXCLUSIVE El Dorado 1BR Condo El Cortecito, Suite G4
El Dorado $95,000 USD 55 sq. m."587 sq ft." Apartment Condominium
29 photos
EXCLUSIVE Palm Suites 2BR for Sale
Palm Suites $115,000 USD 115 sq. m."1237 sq ft" Single Story Condominium
23 photos
Palm Suites Bavaro Punta Cana, Suite E1(New Construction)
4430861 Palm Suites $125,000 USD 1,022 sq. ft."95 m2" Apartment Condominium
34 photos
Rosa Hermosa 2BR Condo for Sale
Rosa Hermosa $149,000 USD 1,206 sq. ft."112 sq. mt." Single Story Condominium
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El Ejecutivo 3 BR House Punta Cana Real Estate(New Construction)
76990400 El Ejecutivo $168,000 USD Single Story Residential
23 photos
Stanza Mare 2BR Condo for Sale Bavaro Punta Cana
Stanza Mare SOLD  $250,000 USD 1,141 sq. ft."106 sq mt" Single Story Condominium
57 photos
Playa Turquesa (Furnished), Suite O-406
145979092 Playa Turquesa $270,000 USD 1,345 sq. ft."125 sq. mt." Single Story Condominium
26 photos
Cap Cana $290,000 USD 67 sq. m."717.95 square feet." Apartment Condominium
30 photos
Playa Turquesa Bavaro Punta Cana, Suite K304
172652369 Playa Turquesa SOLD  $290,000 USD Single Story Condominium
62 photos
Iberostate Condo overlooking the Lake in Punta Cana Dominican Republic
163336290 Iberostate $375,000 USD 148 sq. m. Single Story Condominium
42 photos
EXCLUSIVE Blue Beach 3BR 2nd Floor Condo Cabeza de Toro, Suite K203(New Construction)
Blue Beach $400,000 USD 1,850 sq. ft."172 sq. m." Apartment Condominium
36 photos
Presidential Suites 2BR, Building 3 Ocean View Penthouse Punta Cana Condo For Sale
Gran Caribe $490,000 USD 131 sq. m.""1,409 square feet" + 1140 sq ft. rooftop" Apartment "FURNISHED!!" Condominium