Financing real estate in Costa Rica is not always an easy task, but possible.
Bank financing is similar to that found in other countries. However banks will only finance up to about 60% of their appraised value of the property and there are restrictions if the property is your home, a rental or commercial.
The down side to bank financing are the interest rates. Current interest rates on real estate loans are very high, 20% to 25% per year. Sometimes banks overstate the value of the real estate, allowing for possibly more than 60% loan financing.
An option used here is to obtain an interest only loan for 3 to 5 years. The interest is paid and a final payment is made for the principal amount.
Many United States and Canadian Banks have branch banks here. The possibility exists to arrange for a secured loan in the US or Canada and use the funds to make a "cash deal" here in Costa Rica.
One viable option, and one of the better ones, is to arrange for the seller to carry the mortgage on the property. Many sellers will, some will not. Your attorney or realtor can offer advise during the pre-search, qualifying process. One thing, do not look for 25 or 30 year loan terms. The normal is 5 to 10 years. GOOD NEWS…the interest rates can be much lower.