Mortgage options for expats in Ecuador

Financing your property

Mortgage options for expats in Ecuador

Most expats, especially retirees, find that they are able to buy property outright in Ecuador, negating the need for a mortgage. However, if you’re buying at the higher end of the market, or don’t have enough capital to pay for a property in full, then you’ll need a financing plan.

The Ecuadorian property market is dominated by investors with enough capital to pay for property in full. This is because Ecuadorian banks are reluctant to offer long-term financing and there is a limited range of mortgages available. Rates will be high, so consider more short-term financing options which are commoner and easier to secure.

Another possibility is to get a mortgage with a bank abroad - preferably one which also operates in Ecuador. If you already have a property in your home country, think about remortgaging it to give you the capital you need to buy.

Further reading

Does this article help?

Do you have any comments, updates or questions on this topic? Ask them here: