APAP announces mortgage offer

The Popular Savings & Loan Association (APAP) has announced it has RD$300 million available for fixed price mortgages. The mortgages will be for five years at a fixed rate of 15%. Gustavo Ariza, executive vice president, made the announcement yesterday. He said they had another program for low-cost housing at an 8.9% interest rate, that makes available up to 50% of the closing costs and is for 30-year loans with monthly payments of RD$4,000.

One Response to “APAP announces mortgage offer”

  1. David Pressey Says:

    Good morning, I was wondering if any of these 2 mortgages would be available to foreigners who wanted to buy a home in te Dominican Republic.

    Thank you
    David Pressey


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