FINANCING

Several Costa Rican and a few U.S. banks offer raw land, home construction and finished home loans designed for the foreign buyer. Loan to appraisal amounts are typically in the range of 70 – 90%. Residency is not required at many of these banks. Loan amounts depend on collateral and the ability to repay. Some banks do not require a wage income to qualify. Costa Rican banks offering mortgages include Banco National, Banco Popular, Banco de Costa Rica, Bancredito, Improsa, Lafise, Banca Promerica, Banco Interfin and BAC. Four popular banks for Costa Rica real estate loans are:

HSBC
(506)287-1111
http://www.hsbc.fi.cr/a/bp/non_resident.asp

Scotiabank
(506)287-8751
www.scotiabankcr.com

Banco Cuscatlan
(506)299-0200
www.bancocuscatlan.com

Costa Rican Lending Network
(602)628-8439
http://www.thecostaricalendingnetwork.com/