PHONE

787-474-5151

ROUTING NUMBER

221581696

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Mortgages

Mortgage loans to acquire or refinance a property

Caribe Federal provides you with the support you need when purchasing a property or refinancing an existing one. Our representatives are specialized in mortgage loans and will guide you through the entire process.

Start your online application
Request more information

Begin your mortgage loan processing

We can facilitate prequalification by calling 787-474-5151, select mortgages or dial any of the extensions 5262, 5385 or 5423. You can also do so by writing to us directly at the email: mortgage@caribefederal.com or requesting more information by clicking here and completing the corresponding spaces with your contact information; then, a mortgage professional will be contacting you to assist you. 

Mortgage loan requirements

The processing of a mortgage loan requires several important documents and evidence to be able to handle your application, so some basic documents will be required.

  • Copy of the Purchase-Sale deed
  • Copy of the current Purchase-Sale contract, if applicable
  • Evidence of payment delivered to the seller as a Buy-Sell option.
  • Evidence of income:
  • Salaried employees: Pay stubs for the past 30 days and a copy of the W2 for the past two years.
  • Self-employed: Copy of income tax returns for the past two years.
  • Provide the cadastre number
  • Copy of Bank Statements for the past two months.
  • Present a state-issued photo ID for each applicant.
  • Copy of each applicant’s Social Security Card.
  • Other documents may be requested during the loan processing. 
Learn about our Mortgage Interests
Calculate your mortgage loans

We have different options with attractive interest rates; evaluate which one is best for you.

FHA Mortgage*

Caribe Federal has the perfect mortgage for your main residence and offers the flexibility that you need to acquire or refinance your home.

  • Loan for main residence
  • The maximum loan amount to request will depend on the requirements of the mortgage product selected.
  • Refinancing with or without surplus depending on the financing product selected.
  • Amortization terms at 15 and 30 years

*Certain restrictions apply. Subject to credit approval and other parameters established by the secondary market and CFCU. Your interest rate will be determined based on your credit history and Loan-to-Value.

Hipoteca Convencional *

Caribe Federal Conventional Mortgage has several options of flexible financing for your main residence, second home or investment property, with conforming and non-conforming conventional mortgage products.

  • Conforming or Non-Conforming Conventional Mortgage Products
  • Mortgage loan for main residence,
  • Mortgage loan for a second home for vacation or recreational use for personal or family enjoyment.
  • Mortgage loan for investment property.
  • Maximum financing amount will depend on the financing product selected.
  • Amortization terms at 15 and 30 years

*Certain restrictions apply. Subject to credit approval and other parameters established by the secondary market and CFCU. Your interest rate will be determined based on your credit history and Loan-to-Value.

Second Mortgages *

A second mortgage is an excellent option for accessing liquidity of your property as collateral. It’s ideal for those who need resources to invest, consolidate debt, or make home improvements.

  • Second-rank registration mortgage loans in the Property Registry up to a maximum of 80% of the appraised value, including the first mortgage in the formula. 
  • Amortization terms at 15 years

*Certain restrictions apply. Subject to credit approval and other parameters established by the secondary market and CFCU. Your interest rate will be determined based on your credit history and Loan-to-Value.

Land Mortgage Loans

We offer you the chance to finance the purchase or refinancing of your land.

  • Mortgage loan for the purchase or refinancing of Land.
  • Maximum of 50% of LTV of the sales price or appraisal, whichever is lower.
  • Repayment term up to 15 years.

Calculate your mortgage loan

$

5%

1%

5%

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421