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So what if you don't have the money?
Not a problem.

Real Estate Financing Options in Costa Rica Offered by Vistamarina

SO WHAT IF YOU DON'T HAVE THE MONEY?


Need financing options. Not a problem. Vistamarina can offer at least two.


SOLUTION #1: 100% FINANCING BY DEVELOPER


Most developers went into debt during the real estate boom, and now cannot afford to finance their buyers. And often, neither can the banks. However, this is the time to buy. What can be done? Vistamarina is among the few developers in a position to offer generous financing to qualified buyers. For more information, just call Jorge at (506) 8339-0492.


SOLUTION #2: FINANCING BY BANCO NACIONAL


Banco Nacional, a government-owned bank which is Costa Rica's largest, has a program called “BN-Second Home Financing Program” that has been specifically designed to satisfy the North American citizens' demand for residences in Costa Rica. Resident as well as non residents may apply.


Look at the lending conditions by Banco Nacional to your right. If you need more information about this financing options, please call Jorge at (506) 8339-0492 or fill in our contact form.




Banco Nacional Lending Conditions

Conditions House, condominium  or lot
 
Maximum loan term House or condominium =Up to 20 years
Land  = Up to 10 years
Maximum Debt  to Income Ratio (DTI) 30% 
Maximum credit amount   Based on credit report
Creditworthiness Minimum 680 points (good or very good)
Maximum Loan  over Earnest Money Contract Over US$800,000, 50%
US$400,000 to US$800,000, 60%
Up to US$400,000, 70%
Loan to value ratio over appraisal
 Resident = 70%
Non resident = 65%
Annual Rate Review and rate adjustment  monthly 7.40% = Libor + 2.00 =  1 to 12 months
7.60% = Libor + 2.25 =  13 to 36 months
7.85% = Libor + 2.50 =  37 to 60 months
8.10% = Libor + 2.75 =  61 to 96 months
8.60% = Libor + 3.50 =  97 to 240 months
Minimum Rate 7.36%


© 2009 Vistamarina VIMASA Ltda. | San Jose office phones: (506) 2253-8632 / (506) 2670-1985 or(506) 8885-9132
Project phones: (506) 2670-1985 and (506) 8339-0492|Playas del Coco, Guanacaste, Costa Rica