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Corazon Del Cielo is Bank Approved
Local Banks have already pre-approved the development for home loans. Please check to see if you qualify to for a low cost loan offered by the Panamanian government, these loans start at 3% fixed for the first $62,500 borrowed, and the remainder would be at the prevailing interest rate for residents or non-residents.
If you have Panamanian Residency the interest rate offered to you is 1-2% lower than normal. Seniors with $500 per month income for one, or $600 per month for a couple, may qualify for residency, also there are various investor programs. Contact the Panamanian Consulate or Immigration Attorney for information about Residency Programs, there is usually a program that works for just about everyone.
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