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Costa Rica

Construction & Raw Land Financing Solutions

  • Terms: Project Based
  • Loan Value: Up to 80%
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Home Purchase and Refinance Mortgage Financing

  • Terms: Up to 25 years
  • Loan to Value: Up to 75% of the property's appraised value
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Canadian RRSP Reinvestment Program

  • Reinvestment Option: Use your RRSP
  • Lender: You are your own lender
Learn More

401K Reinvestment Program

  • Funding Source: Utilize your own 401K to fund your purchase or project
Learn More

Costa Rica Construction & Raw Land Financing Solutions:

  • National Commercial Lender (not private equity/hard money)
  • Competitive Interest Rates: 8-9.5%*
  • Terms: Up to 20 years
  • Raw Land Financing Available **
  • Loan Value: Up to 100%***
  • No Pre-Payment Penalty after five years
  • Standardized Closing Costs: 4-6%
  • Raw Land Financing: Determined on a case-by-case basis

*Interest rates vary depending on market conditions.

**LTV, terms, and rates may vary depending on use, geo-location, and other factors.

***If the lot is owned outright.

Zero Hidden Fees

  • Application Fee: $1,000 + VAT
  • Property Appraisal: $1,000 + VAT
  • Closing Costs: 6-8%*

*Please note that the total cost does not include potential attorney fees and

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*Excludes potential attorney fees and government transfer taxes or fees.

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Five Simple Steps to reach your dream of Costa Rica Home Ownership Required Paperwork

Home Purchase and Refinance Mortgage Financing

  • Loan to Value: Up to 60% of the property’s appraised value.
  • Terms up to 20 years.
  • Interest Rates: 8.25%-10.5%*
  • No Pre-Payment Penalty after five years.

* Interest rates vary depending on market conditions.

Zero Hidden Fees

  • Application Fee: $1,000 + VAT
  • Property Appraisal: $1,000 + VAT
  • Closing Costs: 6-8%*

*Does not include potential attorney fees and government transfer taxes or fees.

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Five Simple Steps to reach your dream of Costa Rica Home Ownership Required Paperwork

Unlike traditional Mortgages, CCS allows Canadians to be their own lenders by utilizing their RRSPs to finance their purchases or projects. This means putting your monthly payments back into your pocket, guaranteeing a minimum return of 4%.

Canadian Registered Retirement Savings Plan (RRSP)

Unlike traditional mortgages, CCS allows Canadians to be their own lenders by utilizing their RRSPs to finance their purchases or projects. In short, your monthly payments go back into your pocket, providing a secure investment with a guaranteed minimum annual return of 4%.

Your CCS Loan Manager will provide more details regarding this opportunity.

Please consult with your accountant, financial advisor, or attorney to ensure that the RRSP benefits your specific financial landscape.

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Five Simple Steps to reach your dream of Costa Rica Home Ownership Required Paperwork

Zero Hidden Fees

    Fees:

  • One-Time Application Fee: $565.00
  • Processing Fee: $2,500 plus a 6% processing fee added to the loan amount Does not include potential attorney fees and government transfer taxes or fees.

    Terms and Conditions:

  • Eligible Investor: Up to $100,000 per year
  • Accredited Investor: No limits
  • Applicability: Only applicable for RRSPs (RESP/RDSP do not apply)
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401K Program

Unlike a traditional mortgage, our 401(k) program allows you to diversify your portfolio by using your retirement funds to purchase property, utilizing a Self-Directed IRA Fund.

Self-Directed 401K Program

  • Cash: The fund pays cash for your purchase or project.
  • Partnership: The fund is a fractional owner.
  • Financing: The fund can mortgage real estate with a non-recourse loan.

All income and expenses from the Self-Directed IRA/Investment grow in a tax-advantaged manner.

*Interest rates vary depending on market conditions.

**LTV, terms, and rates may vary depending on use, geo-location, and other factors.

***If the lot is owned outright.

Zero Hidden Fees

    Fees:

  • One-Time Application and Processing Fee: $1,400 USD
  • Annual Program Management Fee: $150 USD

Does not include potential attorney fees and government transfer taxes or fees.

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Five Simple Steps to reach your dream of Costa Rica Home Ownership Required Paperwork

Address

5061 N. Abbe Road, Suite 1 Sheffield Village, OH 44035

Costa Rica:Avienida Escazu
Piso # 4
San Jose, Escazu, Costa Rica

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    Programs

  • Costa Rica
  • Dominican Republic
  • Panama

Four Simple Steps for Loan Approval.

1

Application and Pre-Approval

Complete the application and submit the requested documentation

Initial Submission documentation includes:

  • Property Description
  • Location Pin
  • Requested Amount to Finance
  • Total Project Price / Amount to be Financed.
2

Lender Analysis

You will be assigned to a dedicated Loan Manager who will analyze your needs and navigate the process.

(Client Care Providers fluent in English, Spanish, and French)

Document Submission includes:

  • Personal/Financial information (Income/Tax Returns)
  • Property Documentation*

* Varies according to property/project type.

Canadian RRSP

A thorough analysis of your current financials will be conducted to ensure you have the capacity to reimburse the RRSP without overburdening your budget, providing you with a secure investment decision.

401K Reinvestment

Upon creation of the Self-Directed IRA fund and receipt of proper documentation, the closing process will begin.

3

Appraisal Ordered, and Final Lender and Borrower Approval

  • Appraisal ordered.
  • Lender completes transaction analysis.
  • Loan Documents are Executed.
4

Submit Downpayment

Loan type and other factors will determine the schedule and amount of the downpayment required as the loan progresses.

Depending on the type of loan, disbursement will be in stages or deposited into the seller’s attorney or lender trust account.

Disbursement

Depending on the type of loan, disbursement will be in stages or deposited into the seller’s attorney or lender trust account.

Timeline. 45-90 Days

Pre-Approval Notification*

1-2 Days

Upon receipt of the application and requested documentation, your dedicated loan manager will review the documents for completion and submit them to the lender underwriter. Pre-approval will be received and presented to the client within 1-2 days.

Appraisal Review

5-10 Days

Upon receiving and reviewing the appraisal, the lender will set the loan amount based on the LTV. Your loan manager will present the terms and conditions for your review and approval, including:

  • Loan amount based on LTV
  • Term, interest rate, and loan details
  • All closing costs and fees

Client Approval

2-3 Weeks

The lender will draw the final documents upon approval of the terms and conditions.

Due Diligence

1 Weeks

The borrower’s attorney should review the terms and conditions. Any curative items will be presented to the appropriate parties and lenders for review, approval, and ratification.

Loan Documents Drawn

2 Weeks

Loan documents and legal contracts are presented. Document signing is scheduled and executed. Signers must be present in the country or enact a previously executed Special Power of Attorney (POA).

Disbursement

24-48 Hours

Congratulations on your new home in the Beautiful Dominican Republic. Pura Vida from all of us at CCS Financial USA.

* Timelines may vary +/-.

** 401K timelines are traditionally shorter than conventional mortgage financing solutions.

Costa Rica Required Paperwork

Personal Documentation

Required Documents:

  • Credit Reports: 2 full credit reports from Equifax, TransUnion, or Experian
  • Personal Tax Returns: 3 years of personal tax returns
  • Bank Statements: 6 months of bank statements
  • Income Verification:

      Salaried Employee:

    • Last 2 months of pay stubs

      Self-Employed:

    • Last 6 months of corporate bank statements
    • Certificate of company incorporation

      Retired:

    • Proof of pension/social security benefits
  • Tax Returns: Most recent personal and corporate (if applicable) tax returns
  • Identification: Two forms of identification (copies):

    • Passport (required)
    • Government ID (e.g., driver's license)
  • Know Your Customer (KYC) Form: Form provided by Loan Manager

Property Documentation

  • Pictures of the Property/House
  • GPS Location
  • Plano Catastro/Plat Map (Provided by Realtor or Attorney)
  • SPA – If applicable
  • Estudio de Registral de la Propiedad (Provided by Realtor or Attorney)
  • Certicacion de zona cadastral – If appliable (Ask Realtor or Attorney)
  • Proof Property Taxes paid and up to date (Provided by Realtor or Attorney)
  • If a Condominium: Certificate of Current Condominium Fee Payments (Provided by Realtor or Attorney

Your Loan Manager will request the following information*

Life Insurance Policy Requirements

Provide Current Life Insurance Policy

  • Or complete the following:
    • Insurance Application Form (provided by Loan Manager)
    • KYC Form (provided by Loan Manager)
    • Medical Exam (may be required)

Corporation Ownership/Financing

Loan Manager will provide direction and clarity.

  • Personaria Juridica*
  • Acta Constitutiva*
  • Los Impuestos de la Sociedad al día*

* Please consult your attorney.

Construction Financing Supplemental Information

Request from Developer/Architect:

  • CFIA Approved Blueprints
  • Construction Budget (provided by Loan Manager)
  • Construction Disbursement Schedule (provided by Loan Manager)

Canadian RRSP Program

Request from Developer/Architect:

  • Proof of Canadian Citizenship
  • Most Recent RRSP Statement

Your loan manager will provide further details regarding documentation and process.

* Additional Information and updated documentation may be requested throughout the process.