Costa Rica Land and Property
Atenas, Costa Rica Real estate

The current situation:

The Bad News

The following was a note from our friend at MDO Mortgage to a client (this client has an 800+ credit score by the way)......

I wish I had better news. Recently, pretty much every bank in Costa Rica stopped lending for the time being to non-residents.  There are currently 1 or 2 banks that are still lending, but it is very very restrictive and the interest rates are around 13%.  So to be honest, there is not much we can do for you at this moment.

The Good News!

Owner Financing

In recent months, we have had many more owners offering to carry a mortgage on their properties. If you find a property you like, please ask us to ask the owner about financing.

Bank & Other Financing

There are two government banks here. They are BCR (Banco de Costa Rica) and BNCR (Banco Nacional). If you have an active Costa Rican corporation which has an active account in good standing of over two years in one of these banks, they might consider financing property for you. However, BNCR will not even let a non-resident open an account anymore so chances with these two are slim.

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