Yes! Thinking about buying a house in Costa Rica but not sure how financing works if you’re not a local? You’re not alone—and the good news is, yes, it’s possible! Many international buyers fall in love with the lush landscapes, chill lifestyle, and vibrant communities here. So let’s talk mortgages, loans, and how to make that pura vida dream home yours.
Can You Get Financing to Buy a House in Costa Rica?
Yes, you can! It’s totally doable, but be prepared—it’s not exactly like getting a mortgage back home. Banks here tend to be a little more cautious, with tighter rules and higher interest rates. But don’t worry, there are creative workarounds like owner financing and private lenders that can make owning Costa Rica real estate a breeze.
Even better? At C21 Ballena Properties, we don’t just help you find the perfect home—we also help you finance it! Through our trusted partnership with Second Street, we offer tailored home financing options designed to make buying a house in Costa Rica simpler and more accessible. Learn more in our blog about how Ballena Properties helps you finance your dream home.
How Much Is a Mortgage in Costa Rica?
Let’s talk numbers. Mortgage rates here generally hover between 7% and 12%, depending on the lender and your financial picture. Loan terms range from 15 to 30 years, and you’ll usually need to put down 20% to 50% of the property value. So if you’re eyeing Costa Rica real estate, be sure to factor those details into your budget.
Also, don’t forget about other costs. Our guide to taxes on buying a house in Costa Rica breaks down what to expect beyond the sticker price.
Can Foreigners Get Loans in Costa Rica?
Yes, foreigners can apply for loans, but the approval process can be a bit of a ride. You’ll have better odds if you’ve got Costa Rican residency, steady income, good credit, or assets. The trick? Teaming up with an experienced real estate team—like us at C21 Ballena Properties—who knows the ropes and can guide you every step of the way.
Wondering how residency ties into your investment? Check out our post on getting residency in Costa Rica through real estate.
Which Bank Is Best for Foreigners in Costa Rica?
Some banks play better with foreigners than others. Banco BAC San José and Scotiabank tend to be more foreigner-friendly, offering loan products tailored to international buyers. You can also look into private lenders or international banks with Costa Rican branches for more flexible financing.
Can I Get a Loan If I’m Not a Citizen?
Yes you can. Being a non-citizen doesn’t mean it’s game over—it just means more paperwork. Legal residency helps, but even without it, you might qualify if your finances are solid. Working with local pros who understand homes for sale in Costa Rica and the lending system can make all the difference.
Can You Finance a Home in Costa Rica?
Absolutely. Financing is possible, especially when you think outside the box. Many sellers offer owner financing, which skips the bank entirely and gives you more wiggle room. So whether it’s a beach bungalow or a jungle hideaway, you’ve got options when it comes to buying property in Costa Rica.
And if beachfront property is your goal, you’ll want to read our article on whether foreigners can own beachfront property in Costa Rica.
How Does Owner Financing Work in Costa Rica?
Owner financing is popular especially with expats. Basically, the seller acts as the bank. You agree on a down payment, interest rate, and payment plan. It’s flexible, faster, and can be way less stressful than traditional lending. It’s one of the smartest ways to grab Costa Rica real estate without a bank standing in your way.
Just make sure you’re informed before you sign anything—our blog on the pitfalls of buying property in Costa Rica for foreigners is a must-read.
Work with Experts Who Know the Market
At C21 Ballena Properties, we live and breathe Costa Rica real estate. Whether you’re house hunting in Uvita, Ojochal, Dominical, Puerto Jiménez, or anywhere along the stunning southern coast, we’re here to help. Our bilingual team knows the ins and outs of homes for sale in Costa Rica, and we’ll walk you through every financing option available.
If you’re just getting started, don’t miss our complete guide to buying a home in Costa Rica as an expat—it covers everything you need to know from A to Z.
Ready to explore property for sale in Costa Rica with expert help and financing that fits your lifestyle? Reach out to us—we’d love to help you make the move to paradise!
Recommended Reads
For more insights before you buy, explore these useful guides:
- Buying a home in Costa Rica: A complete guide for expats
- Buying a Costa Rica Beach House: What You Should Know
- 5 Mistakes Foreign Buyers Make When Buying Costa Rica Real Estate
- How to Generate Rental Income from Your Costa Rica Vacation Home
- Beachfront or Jungle Home in Costa Rica: Which is the Best Investment?
- 5 Reasons to Invest in Real Estate in Costa Rica’s Southern Zone
- Costa Rica vs California Real Estate
