Mortgages
Benefit from the knowledge of our mortgage experts on Aruba. We are here to help you make your ideal home become a reality. Buy, build, renovate or expand it with a mortgage that is exactly right for you.
Another smart move is letting us refinance your current mortgage - to take advantage of the increased value of your house!
- Attractive interest rates
- Repayment term up to 30 years
- Fast approval
- We offer both annuity and life mortgages
Annuity mortgage
This mortgage is great if you would like to have a clear idea of your gross monthly expenses, because you will pay exactly the same amount each month. In addition, you will have relatively low mortgage expenses at the start of the term.
How does it work? An 'annuity' is a fixed monthly amount. This payment amount contains two parts: a loan part and an interest part. As time goes on, the interest part makes up a smaller part of the payment, while the principal makes up an ever-larger part of the payment. Since interest is tax deductible, your net (effective) mortgage costs will be lower at the start of the term, which is good if you are at the beginning of your career or just starting a family.
Still confused? Our experts will gladly take the time to explain all the benefits of this mortgage.
Life mortgage
Are you looking for maximum tax benefits? Take a look at our life mortgage! During the tenor of this mortgage, you only pay interest (which is tax deductible) while you take out a life insurance to save for the principal. The principal will be repaid at once on the due date of the life insurance policy. In other words: this mortgage lets you keep your mortgage expenses low.
100% financing with Fondo di Garantia y Vivienda
100% Financing is possible with 'Fondo Nacional di Garantia y Vivienda' (FNGV). Ask our mortgage experts for details.
Which documents to bring when applying for a mortgage
- Reference letter from employer
- Two most recent monthly pay slips per applicant
- Valid ID (passport, driver's license, ID card)
- Appraisal report (not older than 3 months)
- Contractor’s offer (construction loans only)
- DOW-approved blueprint (construction loans only)
Mortgage Booklet
Download our mortgage booklet for more information! Click here to download the Papiamento version.
Calculate your mortgage now!
Use this convenient online tool to calculate your loan request. Note that this is just an estimate. Visit one of our experienced customer representatives for more information and to get Aruba’s best mortgage deal.