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Financing

Mortgages in El Salvador: requirements and estimates

What lenders usually ask for, how much down payment you need and what it costs to close the purchase. Try an estimate here before talking to a lender.Open the mortgage calculator

Your operation

Term

Scenario result

$200,000 financed over 25 years at an annual interest rate of 7.5%.

Editable scenarioFixed payment$1,478/mo
Down payment 20%25 yearsInterest 7.5%

Estimated calculation, without insurance. This isn't financial advice, an approval or a quote. Confirm rates, fees and costs with the lender, the CNR and an authorized professional.

Next step

Find properties within your budget

The maximum price comes from the income, down payment, term and rate in this scenario.
See properties up to $228,000

How it works

1Simulate

Adjust price, down payment, term, interest and income.

2Compare the budget

Review the payment, principal and money needed upfront.

3Check conditions

Ask each lender for their offer tied to your profile.

4Sign with professional support

Confirm the appraisal, insurance, registration and deed.

What lenders usually ask for

Each lender sets its own conditions. These are the documents and checks a mortgage application in El Salvador usually goes through:

  • A valid ID document (DUI, or a passport for foreign buyers).
  • Proof of income: a salary certificate or, if you're self-employed, tax returns and bank statements.
  • A review of your credit history and current debts.
  • A down payment, often between 10% and 20% of the property's value, depending on the product.
  • An appraisal of the property by a valuer the lender accepts.
  • Life and property insurance linked to the loan.
Requirements vary by lender and by your profile; confirm them with each one before you apply.

Frequently asked questions

How much can I borrow?

It depends on each lender's assessment. As a budget reference, you can compare the payment with the household's net income; the calculator doesn't replace a credit assessment.

What down payment do I need?

You can try between 5% and 50%. The minimum down payment and the financeable percentage depend on the product, the property and your profile.

Does the simulation commit me to anything?

No. It's an approximate mathematical calculation and it doesn't send information to any lender.

What costs does it include?

It includes a scenario with transfer tax, registration, notary, appraisal and origination. The assumptions and limits appear in the breakdown.

Can I finance new construction?

It depends on the project and the bank. Confirm the payment schedule, delivery conditions and financing before reserving.