Financing a property in Panama as a foreign investor or expat 2022
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- Опубликовано: 10 окт 2024
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✍️ Considering investing on property in Panama? Would like to apply for financing?
📔 Today we explain the basics and main facts when applying for a mortgage in Panama.
Giovanna Bernal
[info@primesls.com](mailto:info@primesls.com)[www.primesls.com](www.primesls.com/)
Instagram @primeslspty
[ / giovanna-bernal-tep ]( / giovanna-bernal-tep )
Address: Global Bank Tower, 23rd Floor, office 2303, Panama city, Republic of Panama. + 507 381-8096
I am swiss. non resident never been to panama. Im working in switzerland as an employee. Id like to invest in some rental properties in panama city. How much will the down payment be?
Whats the maximum of mortgage that I’ll probably be able to get there in %?
Thanks for your message! Downpayment is somewhere around 30% - 50% for foreign investors. Maximum mortgage is 70%. Saludos 👋
Great video. Thank you for the information
Glad it was helpful!
Thank you. Great video.
You are most welcome!
Great video. Thank you. I have a question.
I am a Panamanian national citizen that also has US citizenship. After many years, I am planning to relocate back to Panama. I have a remote salary from US and started a small business in the US. What are my options to buy something in Panama? What would my down payment be? Are there any US banks that will give me a loan if I put down 10-15% as a down payment?
Yes, you can! As long as you show a fixed income or your tax return. Banks will also as for your bank statements. The downpayment will depend on the bank and seller usually starts on 20% but it varies. Since you are Panamanian maybe you can pay less on downpayment. Saludos 🖖
Hello, I’m a panamenian citizen and also an american but I live and work in USA, I have good credit too, I want to know how I can get a loan with a Panamenian bank to buy land in Boquete, I work remotely how do I do that?
Yes! Most banks will ask 30% to 50% downpayment and you can start remotely and then come back to finish the process. Saludos 🖖
@@PrimeSolutionsTaxLegal do you know which banks in David chiriquí?
@@PrimeSolutionsTaxLegal how do I start the process online?
Hey Yailyn, you might contact Banco General, Banistmo, Scotiabank, Banco Aliado, etc. I believe most of them are in Chiriquí but even if some of them are not you can still apply through Panama City mortgages department@@yailynhaworth3395
with some of them yes, if you send me an email info@primesls.com I can send you some of the contacts we have, it will be my pleasure.@@yailynhaworth3395
Any info on the new “Casco View” building in Santa Ana? It’s probably the first one, but do you see others popping up soon in that area? Will locals be paid to relocate so the area of Santa Ana and El Chorillo be redone?
Hello I know about the development in Santana, and I believe there will be more and more developments in the area. In Casco Viejo if locals leave they get paid.
I'm in the process of buying a house in Panama. Bank of America doesn't use intermediary banks and Banco General won't allow me to do a direct. Any advice on other options?
Can your firm close real estate transactions?
Yes! We can certainly assist you please contact us soon!
Buenas como me puedo contactar con usted
Por favor escribame a contact@primesls.com gracias!
Someone told me that it was hard for foreigners to get a mortgage if they don't have Panama residency. Is this true?
Not really as long as you have good credit score and proof of income. Please feel free to contact me for more info I can connect you with the banks
Thanks for this information
Always welcome Alessio!