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Mortgage Information 

Financing is possible in all of Central America and Mexico, although easier to obtain in Mexico, Panama, and Costa Rica. 
 

For the most part, they require a minimum of 30% down and credit scores over 720.  Although not used as collateral, it is helpful if you can prove that you have assets equal to the value of the amount of money that you are looking to borrow. 
 

The dimensions on which one can evaluate the differences between North American and Central American Financing are:

1. Interest Rates   (a couple of points higher)
2. Bank Commissions are higher (1.5% to 2.5%)
3. Closing Costs and One Time Fees (vary from country to country---see our FAQ page)
4. The Process from Application to Close  (varies from country to country)
5. Program Structures
6. Borrower Eligibility

 

Mexico

Various programs exist in Mexico and you can get an adjustable rate mortgage, a short term loan, or a standard 30 year fixed rate loan.  (many banks require the loan amount to be a minimum of $100K) 

 

Costa Rica

Likely the easiest country in Central America for obtaining financing. 
 

Panama

In Panama, there are no fixed interest rates-the banks offer their own independent rates.  The following banks are reputed as catering to US Citizens:

      *Banco Continental

      *Banco General

      *HSBC

      *Scotiabank

      *Banvivienda 
 

Honduras

In Honduras, loans are only available for properties located on the island of Roatan or on the mainland in La Cieba. 
 

Nicaragua

In Nicaragua, loans are only available for homes in the cities of San Juan Del Sur and Granada.