Choice of country. Choice of property.
The Vacation Home Buyers Program is designed with your financial needs in mind, and is available at Scotiabank branches and subsidiaries throughout the Caribbean, Mexico and Central America.
We offer a number of vacation home financing solutions. Whether you’re purchasing an existing vacation home, buying a lot for future development or building your own dream vacation home, we can help finance your purchase and guide you through the entire purchasing process.
CARIBBEAN & CENTRAL AMERICA
Vacation Home Purchase
(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
All mortgages referred to in this website relate to property in one of the countries indicated. The term ‘Scotiabank’ and ‘branch’ refer solely to the Bank of Nova Scotia branch affiliate or subsidiary in your country of choice and not to Scotiabank in Canada. All mortgages are subject to local law, credit adjudication and the terms and conditions of the mortgage or mortgage approval. Program details and eligibility will vary by country. This facility is subject to Scotiabank credit approval and verification.
