What's the best way to purchase a
property in the Dominican Republic?
Do you have property or assets in the U.S.?
If you are one of the many visitors interested in purchasing property in the
Dominican Republic, and are looking to finance. Get ready to be shocked!
Typical mortgage rates in the Dominican Republic range between 18% to as high as
26%! Worst of all, the properties you purchase are sold in U.S. Dollars, but
when you finance here, it must be done in pesos! If the peso is 35/1 U.S. today,
and 26/1 U.S. tomorrow, how much did you really pay for that $150,000.00 home?
You will never know! In addition, that 18%-26%... it's adjustable!
If you own property or have assets in the U.S., citizen or not, you can
refinance that property and pay cash here. Why?
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Interest rates are in the single digits! Programs starting at below 1%.
Not if you finance here! |
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You can
get up to 100% of the appraised value of you property!
Only 60-70% financing here! |
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The interest payments and taxes on the property in
the U.S. are tax deductible. Not if you
finance here! |
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If you own
an investment property in the U.S. Taxes, interest, maintenance and
depreciation on the property are tax deductible!
Not if you finance here! |
What if I don't own a home in the USA
or not a US citizen?
No problem! You can still finance your Dominican Republic property thru us.
We have excellent rates and terms.
- 75% Loan to Value financing Purchase
or Refinance
- Mortgages available in U.S. Dollars
- Terms: Up to 20 year Amortization
- *Interest rate: 7.99% - 8.25%
- All loans are full documentation
- 640 FICO mid score or equivalent
- Up to 40% DTI
- Available anywhere in the Dominican
Republic
- Mortgage loan origination fee: 3
points
- Do not need US Assets or Citizenship
- Loans starting at $ U.S. $100,000.00
*
- Construction loans available in
Pesos
- Commercial projects, complexes
- Lot loans
- All loans are adjustable every 6
months0
* Loans under $ 100,000 U.S. still
have $ 3000.00 minimum origination fee.
** Historically the rate has not varied more than .25-.75.
*** Peso loans available up to 90% financing.
Why use us to finance your home?
We are Suncoast Marketing & Consulting Group. Located in the capital (Santo
Domingo), we have established relationships with builders, real estate
agents, and developers in all parts of the Dominican Republic. We have
access to over 250 banks, lenders and private investors, which gives us the
capability of not only supplying you with the lowest possible rates, but we
can design a program to fit your specific financial needs and goals.
Our U.S. offices make it easy for you to have access to your account at all
times... and we all speak English!
To save money, fill out this short application and we will have a loan
officer contact you!
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