Financing through a bank for non-residents in Costa Rica can be challenging due to bureaucratic processes. Interest rates typically range from 8.5% to 12% for US dollar loans. As a result, most real estate transactions are cash deals or seller-financed, often with short-term terms (6 months to 3 years) and substantial down payments (typically 50%).
Some buyers find it easier and more affordable to secure financing through a first or second mortgage on property they own in their home country, using those funds for a property purchase in Costa Rica.
Occasionally, private lenders also offer financing options. We’d be happy to introduce you to them if needed.