Mortgage (Hipoteca)
Real Estate Financing in Uruguay
Mortgage loans (Hipotecas) are available in Uruguay, although at higher interest rates than in Europe. Most foreigners therefore buy without financing.
Financing Options:
Bank Loans (BROU, Santander, Itaú) | Mostly in US Dollars | Higher Interest Rates (8-12%) | Down Payment 20-40% Required
Bank Loans (BROU, Santander, Itaú) | Mostly in US Dollars | Higher Interest Rates (8-12%) | Down Payment 20-40% Required
For residents with stable income in Uruguay, mortgages are easier to obtain. Foreigners without residency have more difficulty obtaining financing.