Through our partnership with Scotiabank, Dolce Vita Luxury Properties offers you competitive, structured, and secure financing solutions for your real estate investments in the Dominican Republic.
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 are proud to collaborate with Scotiabank to provide you with competitive, structured, and secure financing solutions for your real estate investments.
Scotiabank is a globally trusted bank with strong local operations in the Dominican Republic. Through our partnership, your clients gain access to specialized mortgage services designed for vacation homes or investment properties.
Scotiabank's Mortgage Center provides expert guidance every step of the way, including pre-approval, underwriting, and closing.
Whether you're buying a beachfront condo, a private villa, or investing in a rental property, their lending team offers the personalized support you need to translate your vision into reality.
Here's an overview of Scotiabank's 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 - confirm with a Scotiabank officer.
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. For the most accurate and up-to-date mortgage rates, clients should confirm directly with a Scotiabank mortgage officer.
To qualify for a vacation property mortgage with Scotiabank, 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)
An appraisal (valuation) done by a Scotiabank-authorized appraiser
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.
Scotiabank requires property insurance (fire/catastrophic) on mortgaged homes. They partner with several local insurance companies, and the premium can be embedded into your monthly mortgage payments.
Additionally, the bank offers life insurance coverage tied to the mortgage, giving you and your family extra financial peace of mind.
By partnering with Scotiabank, 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 coordinate with Scotiabank's Mortgage Center to 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.
Through Scotiabank, buyers can access competitive mortgage solutions tailored for both local and international clients, including financing for residential, vacation, and investment properties.
For clients interested in exploring mortgage options, Noelka provides personalized guidance throughout the entire financing process—from pre-approval to closing—ensuring clarity, convenience, and confidence at every step.
To request details on a property and a telephone callback to help us help you find your perfect property in the Caribbean, please complete this form in full.