Mortgage Assistance in Puerto Rico

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If you need mortgage assistance in Puerto Rico, you’ve come to the right place.

Down payments, language barriers, never-ending requirements… the process is undoubtedly stressful. In fact, the process in Puerto Rico is incredibly challenging.

With so many hoops to jump through and so many requirements to meet, the process can be nearly impossible without the right assistance.

If you’re lost in the process, follow along as I explain five key points you must know in order to avoid a short-term or long-term financial crisis.

Know Your Mortgage

There are lots of mortgage options Puerto Rico buyers can choose from.

It is important to be informed of which type of loan you currently have, or to research all options if you’re at the beginning of the process.

The two most common mortgage options are Fixed Rate and Adjustable Rate Mortgage Loans. Finding the best loan for you is the first step in becoming a homeowner.

Down Payment

There are a lot of misconceptions associated with down payments.

Most people believe you need a 20% down payment to secure a home. However, most of the time, this is false.

If you lack a substantial down payment, there are lots of payment assistance grants and other mortgage programs that can help you. The average assistance from these types of programs can reach up to $100,000 depending on the area in which you want to secure a home.

Understanding Terms

If you need mortgage assistance in Puerto Rico, it is vital that you can communicate exactly what you need help with.

To fully understand your mortgage, it is essential to recognize the terms described within them. It will also help you with mortgage relief and with any challenges that may arise in the future.

If you ever need to foreclose on the mortgage, you’ll need to be able to know the terms and timeline associated with the termination.

Know the Process

Knowing when important deadlines are and staying on top of paperwork is vital if you want to be a homeowner.

In Puerto Rico, property information is not as easily accessible as it is in the United States. In fact, property records cannot be accessed by knowing only the physical location of the house.

Lots of families have lost their property records, especially after a home has been inherited for many generations.


If you’re a foreigner looking for mortgage assistance in Puerto Rico or are simply a local that needs legal advice, you’ll encounter problems along the way.

One of the main ones is the language barrier.

The staff at attorney offices are rarely bilingual.

Since most communication regarding mortgage assistance is done in writing, it’s important to work with people who are fluent in the language.

Mortgage Assistance in Puerto Rico: Wrapping Up

Getting mortgage assistance in Puerto Rico can be challenging, especially if the team you’re working with is not bilingual and cannot educate you on the necessary terms you’ll need to know.

We invite you to research your mortgage options and to contact us for assistance.

Understanding your mortgage does not have to be difficult! You just need the right pair of eyes to make sure everything is the way you need it to be.