What down payment do foreign buyers need in the DR?

Most banks require 30–50% down for foreign buyers. Dominican residents can sometimes finance with 20–30% down. Larger down payments generally earn better rates.

What are mortgage interest rates for foreigners in the DR?

Roughly 10–14%, in either USD or Dominican pesos. Most foreign buyers prefer USD loans to avoid the currency risk of borrowing in pesos.

Should I take a USD or peso mortgage?

Most foreign buyers choose USD to keep payments predictable and avoid peso-depreciation risk, especially if their income is in dollars or euros. Rates are similar across currencies.

Is it better to pay cash or finance in the Dominican Republic?

At 10–14%, DR financing is expensive, so many buyers pay cash or borrow more cheaply in their home country. Cash also gives negotiating leverage. Financing makes sense mainly when it frees capital for a better use or when rental yield clearly exceeds the borrowing cost.

Does financing change my closing costs or property tax?

No. Closing costs (~3.5–5%) and annual property tax (IPI) are the same whether you finance or pay cash. Budget them on top of your down payment.

Legal & TaxJune 24, 20265 min readby Evalua Editorial Team

Can Foreigners Get a Mortgage in the Dominican Republic?

Q: Can foreigners get a mortgage in the Dominican Republic?

Yes. Several Dominican banks lend to foreign nationals, typically at 10–14% interest with a 60–70% LTV (a minimum 30% down payment). The process requires more documentation than a resident loan.

How financing works for foreign buyers in the Dominican Republic — whether you can get a local mortgage, typical rates (10–14%) and down payments (30–50%), USD vs peso loans, developer financing, and cash vs mortgage.

Modern house with rooftop pool in the Dominican Republic

Last reviewed: 2026. Lending terms, rates, and requirements vary by bank and change over time. This page is for informational purposes only and does not constitute financial advice. Confirm current terms directly with lenders and a licensed Dominican attorney.

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