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Dominican Republic

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
Learn More

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

Dominican Republic Construction & Raw Land Financing Solutions:

  • Competitive Interest Rates: 8-10.5%*
  • Terms up to 20 years.
  • Raw Land Financing is now available. **
  • Loan Value up to 60%***
  • No Pre-Payment Penalty after five years.
  • Standardized Closing Costs between 4-6%
  • Raw Land financing to be determined on a case-by-case basis.

* Interest rates vary depending on market conditions.

* * LTV, Terms, and rates may vary depending upon use, geo-location, and other factors.

*** If lot owned outright.

Zero Hidden Fees

  • Application Fee: $1000+ITBIS
  • Property Appraisal: $ Property Based
  • Closing Costs vary between 4-6%*

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

Start Your Application

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Five Simple Steps to reach your dream of Dominican Republic 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%*

* Interest rates vary depending on market conditions.

Zero Hidden Fees

  • Application Fee: $1000+ITBIS
  • Property Appraisal: $ Property Based
  • Closing Costs vary between 4-6%*

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

Start Your Application

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Five Simple Steps to reach your dream of Dominican Republic 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, a CCS allows Canadians to act as their own lenders by utilizing their RRSPs to finance their purchase or project. In short, this means your monthly payments go back into your own pocket, guaranteeing a 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 using your RRSP in this manner benefits your specific financial landscape.

Zero Hidden Fees

    Fees: $3,065 plus 6% of the loan amount. Note: This 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).
  • Requirements: Proof of Canadian citizenship.

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

Start Your Application

Click here for

Five Simple Steps to reach your dream of Dominican Republic 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%.

401K Program

Unlike a traditional mortgage, our 401K program can allow you to diversify your portfolio by accessing your retirement fund to purchase property. You can utilize your 401K to finance your purchase within a Self-Directed IRA Fund.

  • Cash: The fund pays cash for your purchase or project.
  • Partnership: The fund is a fractal 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 upon use, geo-location, and other factors.

*** If lot owned outright.

Zero Hidden Fees

    Fees: One-time application fee of $ 1400 USD

    Terms and Conditions:

  • Annual Program Management fee: $ 400 USD

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

Start Your Application

Click here for

Five Simple Steps to reach your dream of Dominican Republic 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%.

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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  • Dominican Republic
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Four Simple Steps for Loan Approval.

1

Application and Pre-Approval

Complete application and submit requested documentation

Initial Submission documentation includes:

  • Property Description
  • Location Pin
  • Investment Amount
  • 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 English, Spanish and French)

Document Submission includes:

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

* Varies according to property/project type.

Canadian RRSP

Analysis of current financials will occur to ensure borrower has capacity to reimburse the RRSP without overburdening your budget.

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 simply deposited into the seller’s attorney or lender trust account.

Timeline. 60-90 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 submission to the lender’s underwriter, receive pre-approval, and present them to the client within 1-2 days.

Lender Evaluation

2 Weeks

During this time, lender underwriters are completing a final review of personal financials and credit for loan approval.

Life Insurance Requirement: This should be reviewed and initiated to avoid delays.

Appraisal Review

5-10 Days

Upon receipt and review of 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:

Life Insurance Requirement: This should be reviewed and initiated to avoid delays.

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

Client Approval

2-3 Weeks

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

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.

Dominican Republic Required Paperwork

Personal Documentation

Required Documents:

  • Credit Reports: 1 full credit report from Equifax, TransUnion, or Experian.
  • Personal Tax Returns: 2 years of personal tax returns.
  • Bank Statements: 6 months of bank statements.
  • Income Verification:

      Salaried Employee:

    • Last 6 months of pay stubs.
    • Proof of employment.

      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

Information Accessible via Realtor/Developer/Attorney:

  • Copy of duplicate property title
  • Appraisal report by a bank-approved appraiser (facilitated by Loan Manager)
  • Copy of Purchase Agreement

Construction Financing Supplemental Information

Request from Developer/Architect:

  • Approved blueprints
  • Construction budget (form provided by Loan Manager)
  • Financial feasibility study
  • Project descriptive report
  • Financial statements (Loan Manager will provide details)
  • Your Loan Manager will request the following information*

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

Corporation Ownership/Financing

Loan Manager Guidance: The Loan Manager will provide direction and clarity on the following:

  • Documentos Constitutivos: Provided by your attorney.
  • IPI Certification: Regulatory document.
  • Cargas y Gravámenes Certification
  • Representative IDs

Canadian RRSP Program

  • Proof of Canadian Citizenship
  • Most Recent RRSP Statement

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