Credits and Financing for Development and Housing in Costa Rica

Financing Options in Costa Rica for the Real Estate sector of Public and Private Banks in Costa Rica.

In 2011 the vast majority of banks in Costa Rica national and private, have opened their doors to customers requiring credit with different options as appropriate. Loans to first home construction, purchase or renovation are the main target of the banks, about 90% of the financial sector to finance the construction is placed in the housing sector, an item that has not stopped growing. With that banks seek to encourage primarily middle-class Costa Ricans to purchase your new home and give off the 2007 crisis.

Governed by a stricter policy on requirements to comply with the 8204 law mandated by the General Superintendence of Financial Entities (SUGEF), "Law on narcotic drugs, psychotropic substances, unauthorized drugs, money laundering and related activities" . All banks are required to verify that their customers show that your income is from legal sources.

Complied with this requirement and demonstrating ability to pay and / or mortgage, customers are the most important to opt for a loan and fulfill their dreams of having a new house, apartment or building lot requirements.

Requirements Practically all banks are the same or very similar, then a summary of the most important steps is presented to apply for credit in Costa Rica:

     Request a credit study SUGEF in your chosen bank.
     Define the amount to apply taking into account the income earned by the applicant or applicants.
     Check your salary or whether to give a property as collateral, to cover the amount requested.
     Present the list of requirements that the bank may request.
     Qualify and approve studies credit the bank you apply, the bank would send a certified expert to value the property. According to the amount calculated by the expert he would be approving about 80%.
     An external bank would notary to formalize legal credit.
     The disbursement will be made according to the type and end-financing.

With this outlook improvement over previous years Costa Ricans have better conditions and the possibility of investing in your own home. Also you can take advantage of additional offers such as those offered in construction and Expo-Expo-house, where different banks is present with better conditions and lower interest rates, more extensive credit terms and do not charge fees for formalization, among other .

Here are some banks that offer good and mutual credit options:

National Bank of Costa Rica:
http://www.bncr.fi.cr/BN/info.asp?c=bcahip

Banco de Costa Rica: http://www.bancobcr.com/personas/Creditos/
People's Bank: Scotiabank https://www.popularenlinea.fi.cr/Bpop/Menu/Personas/Creditos/Credito_Vivienda_Total.htm: http: BAC San Jose //www.scotiabankcr.com/bpersonal_prestamos_hipotecas.shtml: http: www // .bac.net / bacsanjose / esp / bank / people / percrehipotecarioChat.html
Bank LAFISE: https://www.lafise.fi.cr/programahipotecario.aspx

Mutual Alajuela: http://www.mutualalajuela.fi.cr/servicios/credito/credito-to-housing

MUCAP: http://www.mucap.fi.cr/credito_vivienda/

Banco Credito Agricola de Cartago

Banking Promerica

Bank Improsa

HSBC

CitiBank

Cathay Bank

INVU.