Place a new, US dollar first mortgage on the DR property being purchased.

• Interest rates are between 3.75-5.75%⁣
• Amortizations up to 25 years⁣
• 40% down payment required⁣
• The approval process is similar to that of North America, with lenders requiring similar documentation⁣
• You can be self-employed⁣

• Mortgage application⁣
• Client consent to release tax data (bank).⁣
• Form W9_E (US citizens).
• Authorization to obtain credit report (from the bank).⁣
• Passports and driver’s licenses.⁣
• Social Security or Social Insurance Number.
• Letter of Employment from Employer (cannot be greater than 30 days old – obtain pre-approval first).⁣
• Last six months of paystubs for salaried applicants.⁣
• W-2 for US applicants (last two years).⁣
• T-4 slips for Canadian applicants (last two years).⁣
• Form P60 tax summary for UK residents.⁣
• Letter of reference from your two primary banks (home country).⁣
• Last six months of bank statements.⁣
• Proof of ownership of assets listed on your mortgage applications (eg. Title, tax assessment, mortgage assessment, insurance, registration of vehicles, investment statements).⁣
• Last three months' credit card statements.⁣
• Proof of downpayment (where it is coming from) for money laundering purposes.⁣