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Home area (sqft) 0 - 870
From $0 to $6500000
Advanced
Home area (sqft) 0 - 870
From $0 to $6500000

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Refinancing in your home country

Consider refinancing your home or obtaining a home equity line of credit in your home country to finance a property purchase in the Dominican Republic.

Financing via DR-based lenders

A down payment of 35-40% is typically required and the approval process is similar to that in North America, with lenders requiring similar documentation. Self-employed individuals can also apply for this option.

Closing Costs

A transfer tax of 3.1% of the government assessed value of the property will be imposed. This tax transfers ownership from the vendor to the new buyer. The tax is based on the market value of the property as determined by the tax authorities, not the purchase price in the deed of sale. Tax authorities often value properties lower than their market value.