If you are thinking of buying property in the Dominican Republic as a foreigner, financing in US dollars is one of the best options. The rates are much lower than in pesos and you avoid exchange rate risk.
Current USD Mortgage Rates (June 2026)
According to the official reference rates from the Central Bank (updated May 21, 2026):
- Prime Mortgage: from 8.90% to 9.90%
- Regular Mortgage: between 9.90% and 11.40%
Scotiabank stands out with rates starting at 8.25% in dollars.
The real range for well-qualified foreigners is usually between 8.25% and 11.40% per year, depending on the bank, down payment, and your financial profile.
Requirements for Foreigners
Banks are stricter with non-residents:
- Minimum down payment: between 30% and 50% of the property value (residents usually only need 20%).
- Documentation: passport, proof of stable income (ideally in dollars), credit history from your home country, and in some cases, a local co-signer.
- Terms: generally between 10 and 15 years, although some banks go up to 20 or 30 years for strong profiles.
Important Tip: Having residency in the DR or a prior bank account in the country greatly improves your chances and can lower both the rate and the required down payment.
Best Banks for Foreigners in USD
- Scotiabank: Best rate in dollars (from 8.25%). Official rates
- Banco Promerica: Very active in foreign currency.
- Banco Popular, BHD, and Banco López de Haro: good for international profiles.
- APAP and Banreservas: more focused on residents, although they also serve foreigners.
Additional Costs to Consider
In addition to the interest rate, calculate:
- Life and property insurance (mandatory)
- Property appraisal
- Legal and closing costs (around 3%)
- Possible prepayment penalties
Want to buy in the Dominican Republic as a foreigner? USD mortgages are an excellent option in 2026 thanks to competitive rates. The key is to prepare solid documentation and choose the right bank according to your profile.
Official Sources and References:
