Honduras » Mortgages

For most of the sale or purchase of a piece of land in Honduras, you will be asked to pay in cash in advance. If you are not capable of such financing is a possibility. However, real estate financing is not common in Honduras yet as interest rates tend to be quite high, sometimes more than 20%. Alternatives to bank financing can be owner financing or developer financing. For owner finance, you will usually be asked to pay a 30% down payment, then financing the balance over 1 to 5 years at 10% to 12% interest.