Mortgage Requirements and Information
For Non-Panamanians -
70% financing available
Two most recent Income Tax declarations
Letter of Employment
Two most recent pay stubs
Copy of Passport or Panamanian Cedula ID
Three Bank Reference Letters from country of residence
If the person has legally worked in Panama for two years or more a mortgage may be obtained complying with the requisites applicable to Panamanians.
For Employed Panamanians -
90% to 96% financing available
Two years of Employment Stability
Letter of Employment
Social Security stubs and copy of Social Security ID
Two most recent pay stubs
Copy of Cedula ID
Signed mortgage application
Purchase-Sale Contract
The following additional forms of income may also be considered:
Sale commissions, etc. as reflected on pay stubs
Income from professional services as reflected on income declarations
For Independently Employed Persons -
85% financing available
Two most recent declarations of income with receipt of payment
If owner of private business, audited company financial statements from the previous two years
Copy of Cedula ID
Financing
Up to $62,500.00
98%
From $62,501.00
95%
Preferential Interest Rate
Up to $62,500.00
3%
New Properties only
Standard Interest Rate
From $62,501.00 Up to $99,999.00
5%
New and Used Properties
From $100,000.00
4.5%
New and Used Properties
City Land.
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