Mortgages or Loans

Basic requirements demanded by the largest financial institutions in the country for the purchase of real estate

 

Requirements for applying for mortgage loans:

  • Savings account at the financial institution
  • Complete the loan application form
  • Photocopy of the Identity and Electoral Card of the applicant and her spouse
  • Photocopy of the passport if you are a foreigner
  •  Proof of monthly income.
  •  Financial statements for the last fiscal year Signed by a certified public accountant (If you work independently).
  • Income Tax Confirmation from last year if you reside in the United States.
  • Bank and commercial references
  • A set of plans or survey of the property
  • Certificate of title to the property (duplicate of the owner) of the property
  • Certification of loading and liens on the property issued by the registry of titles.
  • Meet the requirements for inclusion in the collective life insurance policy
  • Cover the costs of studying and processing the loan

Requirements for applying for interim loans for the construction of housing and / or commercial projects:

  • Savings account at the financial institution
  • Letter of request to the credit management of the financial institution
  • Photocopy of the Identity and Electoral Card of the applicant and her spouse
  • Feasibility of the project issued by the national housing bank (BNV)
  • Certificate of title to the property (duplicate of the owner) of the property
  • Soil study
  • A set of project plans approved by the Secretary of State for Public Works
  • Project budget
  • Declaration in condominium
  • Audited financial statements
  • Bank and commercial references

Other requirements for companies:

  • Statutes
  • Minutes of the last assembly
  • National Taxpayer Registry (RNC)

Additional requirements by type of loan
Purchase of homes, commercial premises and plots:

  • Copy of the identity and electoral certificate of the seller
  • Bylaws and minutes of the last meeting (If the seller is a company)

Construction, expansion, remodeling of homes and commercial premises:

  • Two (2) sets of plans approved by the Secretary of State for Public Works
  • Two (2) sets of the construction budget of the work

For Companies:

  • Statutes
  • Minutes of the last Assembly
  • Financial Statements
  • National Taxpayer Registry (RNC)