In the Dominican Republic, financing a second home — especially a vacation property — is more accessible than many international buyers might imagine. The local banking system is well-developed, and leading institutions such as Scotiabank offer tailored mortgage options for non-resident and resident investors alike.
At Dolce Vita Luxury Properties, we provide you with competitive, structured, and secure financing solutions for your real estate investments.
Here's an overview of our mortgage product for vacation properties:
Mortgages offered in US dollars, which is especially convenient for international buyers.
Finance up to 70% of the property's value for vacation properties.
Long-term mortgage options with repayment periods up to 30 years, depending on the deal.
Mortgage loans in USD can start from 8.25% annually. Rates may vary.
Processing fee of RD$ 7,000 for the mortgage application.
Depend on the law office overseeing documentation and are quoted individually.
Important: Interest rates, terms, and conditions may vary.
To qualify for a vacation property mortgage, applicants must meet several criteria:
Two (2) valid identity documents for both buyer and seller
Proof of stable income in U.S. dollars over the last 12 months
Authorization to pull your credit history (credit report)
Detailed list of existing debts, if any, such as loans to consolidate
A copy of the title of the property to be used as collateral
A copy of the sale or purchase contract
Proof of the down payment (initial) you will make
Payment of the current year's Luxury Housing Tax (IVSS)
A letter from your employer or your last three bank/credit card statements.
The last six (6) months of personal bank statements, or an audited financial statement of your business.
Dolce Vita Luxury Properties ensures that you not only have access to strong financing options but also benefit from a seamless and guided experience.
We help you get pre-qualified quickly and efficiently.
Our team assists you in gathering and preparing all necessary documentation for your mortgage application.
We facilitate the property appraisal process and work with the bank throughout the underwriting stage.
We ensure a smooth closing, coordinating all parties to make your property purchase a reality.
We work closely to make sure that you understand each step, that timelines are clear, and that your mortgage aligns with your investment goals.
Fill out the form to apply for pre-qualification or receive personalized advice from our allied bank, with support from our real estate team.