- Vacation home buyers program
Choose from a variety of vacation home financing solutions, each designed with your financial needs in mind.
- Choice of country. Choice of property
Available throughout the Caribbean, Mexico and Central America at Scotiabank branches and subsidiaries
PLUS:
With local branches and mortgage specialists across the Caribbean, Mexico and Central America; Scotiabank is a financial provider of choice for residents of Canada, the U.S., and the U.K. looking to purchase vacation property in the region.
Rates & Fees
US$600,000 & US2.5 million in vacation home purchase loans
US$750,000 residential lot purchase loans
US2.5 million vacation home construction loans
Vacation home purchase in the Caribbean & Central America
(single detached, semi-detached, townhouse or condominium)
- Maximum loan amount of US$2.5 million
- Maximum 25-year amortization
- Up to 70% of the property value
Residential lot purchase
- Maximum loan amount of US$750,000
- Maximum 15-year amortization
- Up to 50% of the property value
Vacation home construction
(single detached, semi-detached or townhouse)
- Maximum loan amount of US$2.5 million
- Up to 75% of the property value
- Customer pays monthly interest payments only during construction
- Loan amortized once it's converted to a residential mortgage
Mexico Vacation home purchase
- Maximum loan amount of US$600,000
- Maximum 30-year amortization
- Up to 65% of the property value
Before committing to a mortgage, get valuable advice with:
Third-party introduction service for investors and vacation homebuyers
For over 25 years, Hibiscus International has been helping non-residents find the right island destinations to consider as their homes away from home.
Tips for Buying
As a vacation home buyer, you should:
- Become familiar with local regulations and requirements that apply to non-residents who want to buy or build abroad.
- Budget for carrying costs such as local utility bills, condominium and maintenance fees, and expenses related to the upkeep of your vacation property.
- Weather is a factor to consider when buying a vacation home. To protect your investment from wind and water damage, the Scotia Home Protection Plan is available for vacation home owners in select countries in the Caribbean and Central America.
We can refer you to a network of local professionals, including lawyers, realtors and real estate developers.
