Up to 75%
Loan-to-value
25–30 yrs
Maximum term, depending on age
$60k–1M+
Loan amounts, case by case
6.5–9.5%
Interest rates (September 2025)
Financing for Foreign Buyers
In short: Foreign buyers can finance homes, condos, land and construction in Panama through a mortgage partner that provides service in English. Loans range from about $60,000 to over $1 million, with up to 75% loan-to-value, terms of up to 25–30 years and interest rates of 6.5%–9.5% as of September 2025. Terms and availability depend on the buyer and property.
For many foreigners dreaming of owning a home, condo, land or commercial property in Panama, financing has always been one of the biggest challenges. Traditional Panamanian banks often have strict requirements and long processes that make it hard, and sometimes nearly impossible, for non-residents to qualify.
That is why we partnered with a trusted mortgage broker who works with a wide network of lenders across Latin America and the Caribbean. Loans can come from several sources, not just local banks, so buyers who once felt locked out of the market now have real options.
Why Our Mortgage Partner Is Different
01
More Lenders, More Options
Our partner goes beyond the traditional banking system, with lenders willing to consider buyers and properties that local banks often turn down.
02
Full Service in English
Every step is handled in English, including help completing forms, so language and paperwork are no longer a barrier.
03
Programs for Non-Residents
Loans are designed for foreign buyers, whether you are salaried or self-employed, with qualification based on your income.
04
Regional Experience
Years of lending experience across Latin America and the Caribbean, with relationships that open doors you would not find on your own.
Loan Program Details
Terms from our mortgage partner. Every loan is reviewed case by case, and availability depends on the property’s location and the collateral.
What You Can Finance
Buying a home or condo
Buying land
Construction
Cash-out refinance (with permanent residency)
Commercial loans, case by case
How Much You Can Borrow
Up to 75% of the property’s value
Loan amounts from about $60,000 to $1,000,000+
Decided case by case
Loan Terms
Up to 25 to 30 years, depending on your age
No prepayment penalty after 5 years (waived in some cases)
Local life insurance required
Interest Rates
6.5% to 9.5% (as of September 2025)
Your rate depends on your profile, the property and the loan
Contact us for current rates
Eligible Properties
Single-family homes
Condos
Land
For your main residence or a second home
Signing From Abroad
You do not need to be in Panama to close
Documents can be signed abroad with a power of attorney and an apostille
Fees and Closing Costs
Budget for these costs on top of your down payment. Your mortgage partner will confirm the exact amounts for your loan.
Loan Costs
Loan fee: 1% to 2% of the loan amount, paid only when the loan is approved and closes
Appraisal: varies by property type
Loan closing costs: 4% to 6% of the loan amount
Insurance: local life insurance is required
You will also have the usual buyer costs: your attorney, plus notary and Public Registry fees. Buyers pay no agent commission when they buy with us.
Full breakdown of every buying cost: Buying & Closing Costs.
Example: A $300,000 Home
Loan at 75%: $225,000
Down payment at 25%: $75,000
Loan fee (1% to 2%): about $2,250 to $4,500
Loan closing costs (4% to 6%): about $9,000 to $13,500
Plus the appraisal and your usual buyer costs
For illustration only. Your actual costs depend on your loan and property.
How the Process Works
Talk to us. We introduce you to our mortgage partner and explain your options.
Pre-qualify. Your partner reviews your income, whether you are salaried or self-employed, and tells you how much you can borrow.
Choose your property. We help you find a home, condo or lot that fits your budget and the lender’s requirements.
Apply. Your partner helps you complete the application and gather documents, all in English.
Appraisal and approval. The property is appraised and the lender issues its approval.
Sign and close. Sign in Panama or abroad with a power of attorney and an apostille. Your attorney handles the closing.
Registration. The purchase and the mortgage are registered at the Public Registry, and the property is yours.
New to buying in Panama? Read our Buyers Guide for the full purchase process.
Other Ways to Finance
Owner Financing
Some sellers will finance the sale themselves. Most ask for 30% to 50% down and carry the balance for 5 to 15 years, with title transferring to you once the loan is paid off. In the meantime you can live in the home or build on the lot.
Buying With Cryptocurrency
Interested in paying with cryptocurrency? We work with buyers who want to use crypto and can guide you through the process.
Ready to Explore Financing?
If you have been discouraged in the past by the challenge of getting a mortgage in Panama, now is the time to try again. Contact us and we will connect you with our mortgage partner and guide you every step of the way.
Buyers pay no agent commission when they buy with us.
Panama Properties
Unit 1 Plaza Pedasí (Super Pedasí Plaza)
Pedasí, Los Santos 7401, Panama
WhatsApp: +507 6169-2453
Email: ken@panama-properties.com
Frequently Asked Questions
Can foreigners get a mortgage in Panama?
Yes. Through our mortgage partner, loan programs are available for non-residents to buy homes, condos and land, or to build. Qualification is based on your income, whether you are salaried or self-employed.
How much can I borrow?
Up to 75% of the property’s value, with loan amounts from about $60,000 to $1,000,000 or more, decided case by case.
What are the interest rates and loan terms?
Rates were 6.5% to 9.5% as of September 2025, with terms of up to 25 to 30 years depending on your age. There is no prepayment penalty after 5 years. Contact us for current rates.
What fees should I budget for?
A fee of 1% to 2% of the loan amount, a property appraisal and loan closing costs of 4% to 6% of the loan amount. Local life insurance is also required.
Can I get a loan to buy land or build a home?
Yes. Loans are available to buy land and for construction, as well as for homes and condos.
Do I need to be in Panama to sign the loan?
No. Closing documents can be signed outside Panama with a power of attorney and an apostille.
Are there other ways to finance a property?
Yes. Some sellers offer owner financing, usually with 30% to 50% down over 5 to 15 years, and we also help buyers who want to pay with cryptocurrency.
Do buyers pay a real estate commission?
No. Buyers pay no agent commission when they buy with us. You pay your own attorney plus notary and registration fees.