Your 2025 Guide to Costa Rica Home Equity Loan Resources

September 9, 2025
Borrow, Borrowing, Costa Rica, Credit, Foreclosure

Navigating the world of property financing in Costa Rica can be complex, but with the right resources, you can unlock the full potential of your home’s equity. This guide provides a comprehensive overview of the essential resources and information you need to make informed decisions about your financial future. Whether you’re a resident or a non-resident, understanding the landscape of home equity loans in Costa Rica is the first step toward achieving your goals.

Understanding Home Equity Loans in Costa Rica

A home equity loan is a powerful financial tool that allows you to borrow against the value of your property. At GAP Equity Loans, we specialize in providing these loans, offering a streamlined and transparent process. Unlike traditional bank loans that can take months to approve, our private investor loans are typically funded within 7-10 business days. This speed and efficiency make us a preferred choice for those seeking to leverage their property’s value without the lengthy delays and complex requirements of conventional lenders.

Our loan programs are designed with flexibility in mind, offering terms from 6 to 36 months and competitive fixed interest rates. We provide loans starting from $50,000 up to $1,000,000 and beyond, with a loan-to-value (LTV) ratio of up to 50%. This conservative approach ensures that our borrowers are not over-leveraged and can comfortably manage their financial obligations. For more detailed information on our loan terms and structure, you can visit our FAQ page.

Explore Our Network of Services

At GAP, we offer a comprehensive suite of services to meet all your financial and real estate needs in Costa Rica. Whether you’re looking to invest, buy or sell property, or navigate the residency process, our network of companies is here to help. Explore our other sites for more information:

GAP.cr – Our main portal for all our services.
GAP Investments – Your partner for investment opportunities in Costa Rica.
GAP Real Estate – Your trusted source for buying and selling property in Costa Rica.
CRIE – Your guide to obtaining residency in Costa Rica. If you are considering moving to Costa Rica, our team at CRIE can provide expert guidance on the residency process.

Frequently Asked Questions (FAQs)

What is a home equity loan?

A home equity loan is a secured loan that allows you to borrow against the equity in your Costa Rican property. At GAP Equity Loans, we provide first-lien, asset-based loans with loan amounts from $50,000 to over $1,000,000. The loan is secured by your property, and we offer up to 50% loan-to-value ratio with terms ranging from 6 to 36 months.

How quickly can I get a home equity loan from GAP Equity Loans?

GAP Equity Loans is known for fast processing and funding. Unlike traditional banks that can take months to approve expat loans, we typically fund loans within 7-10 business days from a completed application. Our streamlined, asset-based approach allows us to move quickly while maintaining thorough due diligence.

What are the typical closing costs for a home equity loan in Costa Rica?

Closing costs for GAP Equity Loans are typically around 8% of the loan amount. These costs include notary and public registration work, required government stamps, and GAP’s origination and servicing fees. We provide full transparency on all costs upfront and never demand large upfront fees before loan approval.

What can I use a home equity loan for?

GAP home equity loans can be used for various purposes, including property improvements, business investments, purchasing additional real estate, funding construction projects, or other significant financial needs. However, we do not provide loans for debt consolidation purposes.

Are the interest rates for home equity loans fixed or variable?

GAP Equity Loans offers fixed interest rates for the entire term of your loan. Rates are set deal-by-deal based on the specific property and loan terms, providing you with predictable monthly payments. Many of our loans are structured at competitive rates, with examples commonly around 12% APR.

What is the maximum loan-to-value (LTV) ratio for a home equity loan?

GAP Equity Loans maintains a disciplined approach with a maximum loan-to-value (LTV) ratio of 50%. This conservative approach ensures that borrowers are not over-leveraged and helps protect both the borrower and lender. This means you can borrow up to half of your property’s appraised value.

Is it possible to pay off my home equity loan early?

Yes, early payoff is allowed with GAP Equity Loans. However, there is typically a prepayment fee equivalent to 3-6 months of interest if the loan is repaid before the agreed maturity date. At maturity, the principal can be paid through property sale, refinancing, or cash payment.

Does GAP Equity Loans offer HELOCs or debt consolidation loans?

No, GAP Equity Loans does not offer Home Equity Lines of Credit (HELOCs) as this financial product is not available in Costa Rica. We also do not provide debt consolidation loans. Our focus is on providing straightforward, fixed-rate home equity loans with transparent terms and quick funding for property owners in Costa Rica.

Contact Us Today

Ready to explore your home equity loan options? Contact GAP Equity Loans today to learn more about our services and start your application. Our team of experts is here to help you every step of the way.

Phone: +506 4001-6413

USA/Canada Toll-Free: 855-562-6427

Email: [email protected]

Website: www.gapequityloans.com

Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice. All loan applications are subject to approval and are based on the equity in your property. Interest rates and terms may vary. Please contact us for a personalized consultation.

Article by Glenn Tellier (Founder of CRIE and Grupo Gap)