This project will be financed by Banco Nacional de Costa Rica ( www.bncr.fi.cr ), which offers the facility of financing for North Americans and Puerto Ricans.  

The company Stewart Title ( www.stewartcr.com) has a regional office in Costa Rica who will take on the role of mediator between the buyer and the company that is developing the Lora Hills Project, by means of a title guarantee. In this way the Banco Nacional de Costa Rica can proceed with the financing in the investor’s country of origin.

“Second Home Financing Program”
Residents and Non Residents Mortgage Loans
For those who are interested in buying a house, condominium or land in Costa Rica.
Financing Conditions

CHECK LIST REQUIREMENTS
These requirements apply only to US and Puerto Rico citizens/residents**
This check list is provided to help gathering information to be included with loan application.
The basic requirements needed are listed below. The Fideicommissary Bank may ask for additional documentation necessary to determine risk and approval of credit proposal.

Personal information

• Form of authorization
• Know your Customer Form
• Uniform Residential Loan Application (completed & signed by all parties)
• Earnest Money Contract (sales purchase agreement executed by buyer and seller)
• Copy of passport
• W-2 forms for previous 2 years
• Personal tax returns for past 2 years (all pages signed and dated)
• Bank statements and/or brokerage account investments for prior 3 months
• ACH Form (Automated Clearing House)

Or Corporate information

• Form of authorization
• Know your Customer Form
• Uniform Residential Loan Application (completed & signed by all parties)
• Earnest Money Contract (sales purchase agreement executed by buyer and seller)
• Passport’s photocopies (borrower & co-borrower)
• Corporate/Partnership tax returns with all schedules for past 2 years
• Profit & Loss statement for year to date (signed & dated)
• Balance sheet for year to date (signed & date)
• Bank statements and/or brokerage account investments for prior 3 months
• ACH Form (Automated Clearing House)

Once approved we need the following
 (   ) Cadastral Plot Photocopy (Survey Plan)
LOAN REQUEST WILL BE CONSIDERED WHEN FULL DOCUMENTATION HAS BEEN RECEIVED
(*)  Lower amount between appraisal and purchase price
(**)Other conditions may apply to other citizenships