Home-equity loan: You may take a home-equity loan out on your primary residence in your own country. This allows you to approach a Costa Rican real estate purchase as a cash buyer. You will also have a better interest rates as the ones in Costa Rica are very high (around 9%)
Owner financing: Some homeowners may be willing to finance a partial loan on their home. The average terms in our region would be around 40-50% cash down, the balance with 30 years amortization at around 7% interest and a balloon payment within 3-5 years.
Mortgage broker: Mortgage brokers are a recent addition to the local market, allowing buyers to finance through international lenders. You will be required to provide U.S. tax information, income reports, and a credit check. Depending on your credit score and other information, you may have lower interest rates and a faster loan approval.
P.S.: Another way to purchase your dream property in Costa Rica is by using what’s called a Self-Directed IRA. Many people in the U.S.A. do not realize that they can convert their current IRA or 401k into an IRA that they themselves control. It is actually a very simple process and most companies can process it in less than 30 days. We had dozens of US citizens buy their house or condo this way in the last 3 or 4 years.