Carib Capital specializes in financing properties throughout the Caribbean. This also includes properties in Florida, where we work with local lenders and brokers to assist clients in financing vacation, investment and principal residences.
Unlike the rest of the Caribbean, where mortgage options can be limited, Florida has the full gamut of mortgage options. Prime, subprime, private, commercial mortgages and more. Regardless of your situation, we can facilitate the right mortgage in Florida for you and your situation.
Buying a second home in the Florida sunshine is a dream for many living in the northern US and Canada. Florida is often seen as a safer investment than the Caribbean, due to being in the US. The comfort level of keeping your money in the US is understandable. The good news is the ease of financing a property in this part of the Caribbean is much easier than outside of the United States.
As we have talked about numerous times on our site, the costs of financing in the Caribbean is not cheap. Florida on the other hand is very affordable, with all the same bank products available to those in the rest of the US and Canada. Working with our local partners, we will find you the right mortgage at the right rate!
The amount of down payment required will vary depending on the transaction type, and of course where you are from. As a Canadian, you will still be a non resident, meaning you will need more down payment than someone buying from the US.
For those clients who want the dream but may not have the credit or income to qualify for a vacation property in Florida, we have options. Non qualifying loans for clients who may not qualify with the banks, are plentiful. Of course rates will be higher for these loans, but for many borrowers this cost is worth the benefit of owning a home in the sunshine.
Whether your issue be a poor credit history, or a lack of proven income, our non prime and private home loans in Florida can help. More down payment is generally the cure for all financing issues, so be prepared for a bigger investment than you may have otherwise needed, but there are still options available.
Talk to us today about all of our mortgage options in Florida. We have a full gamut of mortgage products available for those looking to buy a property in the (almost) Caribbean!