Mortgage Loans to buy a new home or refinance your home

Caribe Federal gives you the support you need when buying a property or refinancing an existing one. Our representatives are specialized in mortgage loans and will guide you throughout the process.

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

FHA, VA o RURAL Mortgage*

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

Conventional Mortgage*

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

Second Mortgage*

  • Second mortgage home loan
  • We offer second tier enrollment home loans up to a maximum of 80% of the appraised value, including the first mortgage.
  • Amortization terms at 15 and 30 years

Land Mortgage Loans *

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

We can provide you with a pre-qualification. Applying for a mortgage loan in Caribe Federal is simple: by calling 787-474-5151 select mortgages or dial any of the extensions 5262 or 5423, writing us directly to the email: or click on the box “Request more information” and complete the corresponding spaces with your contact information and a mortgage professional will be contacting you to assist you.

The processing of a mortgage loan requires various documents and evidences important to be able to handle your application; therefore, the following basic documents will be required:

  • Copy of the deed of sale
  • Copy of the current Purchase-Sale contract, if applicable
    • Evidence of payment delivered to the seller as a Buy-Sell option.
  • Proof of income:
    • Salaried: Stubs of the past 30 days and copy of the W2 of the past
      two years.
    • Self-employed: Copy of the income tax returns of the past two years.
  • Provide the cadastre number
  • Copy of the Bank Statements of the past two months.
  • Present a state-issued photo ID for each applicant.
  • Copy of the Social Security Card of each applicant.
  • Other documents may be requested during the processing of the loan.

To learn more about our mortgage products, call 787-474-5151 ext. 5262 or 5423.

Fee Schedule

* 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.

Calculate your payment






Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421