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Beautiful Nicaragua vacation houses are now more accessible than you would ever think possible. Each day brings more exciting financing opportunities to the Nicaragua real estate market.

The Central American real estate market has exploded over the past few years. The area is beautiful and the land values are compelling. Retiring Americans have discovered that Nicaragua real estate offers the same great sun and sand that can be found in Costa Rica but for half the price. Nicaragua boasts great hiking and bird watching. It is the land of lakes and volcanoes and coffee farms. Nicaraguan vacation homes have really become popular amongst retiring Americans. Up until recently, the drawback with Nicaragua real estate was that most deals were done on cash only basis. Thankfully, this scenario has changed as the investment market matures and various new financing options have emerged.

It is now possible for non-Nicaraguan nationals to secure bank financing in Nicaragua. Financing is offered by the well known names in Nicaraguan banking such as Bancentro, BDF and BAC. Buyers can now apply for financial assistance of up to 90% of the total purchase price! Interest rates float in the range of 9-12% per annum amortized over 10 to 15 years with an option to extend.

An increasing number of resort developments are beginning to offer developer financing. This type of financing often provides the discerning purchaser with the best deals. A handful of developers offer short term financing at extremely generous rates with no pre-payment penalties. The term of this type of short term financing is generally five to seven years. For example, a brand new beach condominium project, within walking distance of the shops and bars and restaurants of San Juan del Sur, is offering 15 year financing at 9% interest. The terms of developer financing vary from development to development and can be flexible. Another fantastic resort on the Pacific with a golf course is currently offering a 2 year financing option at 2.9% with a 50% down payment. Other nearby developments are offering 7 year financing on condos, completed home and ocean view lots at 8% with a 30% down payment.

Some of the bigger developments have specific arrangements with American style mortgage brokers. You actually apply for financial assistance from an American bank. This type of financing option offers longer term financing deals on very competitive terms and at very generous interest rates. With this type of financing you feel as though you are buying in the US or Canada.

The least common means by which to finance your Nicaragua vacation home is a private vendor take back mortgage. Although less common, it can be worth asking about. These days there are an increasing number of real estate deals to be had using this method of financing. Vendors know that the North American credit market has become very tight and this might be the fastest way to sell their Nicaragua real estate.

The increased number of financing options on the market today have made Nicaragua real estate more attractive than ever. These options coupled with Nicaragua’s already low property prices and low cost of living make investing in Nicaragua Real Estate more attractive than ever. Financing your Nicaragua vacation home has never been easier.

Learn more information on retiring in nicaragua and learn how to buy real estate in Nicaragua.