Costa Rica Home Loan

for American and Canadian Citizens

Published

Punta Uva Realty
Puerto Viejo, Costa Rica

What Are the Simple Ways? What Are the Costa Rica Mortgage Rates?

Dreaming of a house in Costa Rica can be real.

Financing is available.

Mortgage covered by rental income + positive cash flow.

The simplest and easiest way is to use one of the companies that provides loans for foreign buyers.

We currently work with two partner companies: My Second Street and Volo Loans.

Pros

  • 30-Year Fixed-Rate Mortgages
  • Loan and approval processes are just like what you’d find at home.
  • Maximum Loan-to-Value: 75%
  • Refinance at Any Time
  • No Prepayment Penalties
  • Fast pre-approval process.
  • Loans funded in U.S. dollars.

Cons

  • Rates start around 8.25% – 8.5%, which may seem unusual for some American and Canadian buyers. However, it is often easily covered, especially if you are investing in a vacation rental property and generating rental income.
  • Financing is available only for completed homes. No land purchases and no construction projects.

The Purchase Process Is Simple

  • Get a Pre-Approval.
  • Choose a property you like from our Houses for Sale section.
  • Submit an offer.
  • Continue through the standard real estate purchase process.
  • Complete inspections and property appraisal.
  • Use an escrow company to protect your funds.
  • Close and become the owner of your Costa Rica property.

My Second Street

Key Loan Information
  • 30-Year Fixed-Rate Mortgage
  • Rates starting at 8.25%
  • Maximum Loan-to-Value: 75%
  • Minimum loan amount $150,000
  • Pre-Approval in 24 Hours
  • No Prepayment Penalties
  • Cash-Out Refinance Available
  • Available for U.S. Citizens and Permanent Residents
  • Typical closing timeline: 4-6 weeks

Volo Loans

Key Loan Information
  • Financing for U.S. and Canadian Citizens
  • Maximum Loan-to-Value: 75%
  • Loan amounts from $100,000 to $5,000,000
  • 30-Year Amortizations
  • No Prepayment Penalties
  • Purchase and Cash-Out Refinance Programs
  • Loans funded in U.S. Dollars
  • Close in as little as 30 Days
  • No Life Insurance Requirement
  • 30-Year Fixed
  • 5/6 Adjustable
  • 7/6 Adjustable

Want to See a Real Financing Example?

Punta Uva Realty

Let’s look at this tropical villa in central Puerto Viejo, located just a 3-minute walk to the beach and town.

Property Price: $270,000

This fully furnished 2-bedroom, 2.5-bathroom tropical villa features a private dip pool, lush courtyard, and a location in the heart of Puerto Viejo.

Option 1
  • 65% Loan-to-Value
  • $94,500 Down Payment (35%)
  • 8.50% Estimated Interest Rate
  • $175,500 Loan Amount
  • $1,349 Estimated Monthly Payment
Option 2
  • 70% Loan-to-Value
  • $81,000 Down Payment (30%)
  • 8.625% Estimated Interest Rate
  • $189,000 Loan Amount
  • $1,470 Estimated Monthly Payment

This example shows that buying a home in Costa Rica may require much less cash upfront than many buyers expect.

For investors, the opportunity can be even more attractive. Puerto Viejo is one of Costa Rica’s fastest-growing tourism destinations, and many buyers use rental income to help cover their mortgage while building equity and generating positive cash flow.

Financing available up to 75% LTV. Interest rates vary based on credit profile, income, LTV, and lender approval.

Looking for a Home in Costa Rica?

At Punta Uva Realty, we help buyers find the right property and connect them with financing options.

Whether you’re looking for a vacation home, an investment property, or a future retirement home, financing can make owning real estate in Costa Rica much easier than most buyers expect.

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