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.

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

 FHA Mortgage*

  • 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

Conventional Mortgage *

  • 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

Second Mortgages *

  • 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

Land Mortgage Loans

  • 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.

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: 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 the following 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.

*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

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