Every borrower is different and so is every loan. We make sure you’re given the most accurate information possible by asking a few questions about your home and credit. These items influence the details of the loan options available.
Several factors go into calculating your rate, including your credit score, loan amount, and loan to value. By leveraging our innovative technology and streamlined process we’re able to offer such low rates.
We offer financing to purchase a new home, refinance, and even cash-out refinance. There are four loan types: 7/6 ARL, 5/6 ARL, 30-Year fixed rate or a 3/30 Lot Loan. Find out what rate is best for you by getting your personalized offer today.
We are committed to diligently closing your loan. It typically takes about 45 days to close.
Yes, we are located in Salt Lake City, Utah.
Fee Simple means you own the property, you’re the landowner. A concession property means the Costa Rican government owns the property but gives you the right to use the property for a defined period of time. As such, Volo Loans can ONLY finance Fee Simple properties.
No, you will never pay pre-payment penalties with Volo Loans. You will find that in Costa Rica pre-payment penalties are very common with local banks and private financing. Those penalties can range from 1% – 5% of the original loan amount. Good thing you don’t have to worry about that with Volo Loans.
Yes, all of our loan products are 30 year amortizations. You’ll find that the majority of local finance options max out between 15 – 20 years.
Only the 3/30 Lot Loan has a balloon payment. None of our other loan products have balloon payments.
Yes, the advantage of closing your loan in a Costa Rican LLC is that you can do just that right away.
Yes, you can visit the NMLS site and enter our NMLS number which is 2459494
Advantages: easy access to money, acceptable funding source, U.S. based lending, possible interest only payment.
Disadvantages: variable rate tied to prime, rate can change every month, no caps in order to keep the rate from increasing significantly, they’re counted as a revolving line of credit which can negatively impact your credit score, some have a annual fee, most have limits on the amount you can borrow
If you click on the ‘Pay Online’ button in the top right of our site, it will take you the log-in page to log-in to your account which will then give you the option to make payment and set up auto payments.
We divide the loan amount by the lesser of the purchase price or the appraised value.
NMLS #2459494. For licensing information please visit nmlsconsumeraccess.org.
Volo Loans provides equal lending opportunities to all applicants and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
*The displayed interest rate reflects a base rate for an adjustable rate loan and does not include any rate or pricing adjustments based on credit score, fees, borrower, or property information. The adjustable rate offer has the initial interest rate is fixed for the first seven years of the loan, depending on which program you select. After the initial fixed rate period, the interest rate charged will be based on an interest rate index plus a margin. The index is the SOFR Index and is the 180 day average provided by the Federal Reserve Bank of New York. The most recent Index figure available as of the date 45 days before each Change Date is called the “Current Index.” Information about this index is published in the Federal Reserve Statistical Release, Form H.15 (519). Information about this index is announced weekly by the Federal Reserve Board. After the initial fixed rate period, the applicable interest rate and payment amount under this adjustable rate loan will be adjusted semiannually, based on movements of the index. The fixed loan product has a fixed rate for the lifetime of the loan, 30 years. The index is the Primary Mortgage Market Survey@ 30-Yr FRM US Weekly Average published and made available by Freddie Mac. All content is subject to change without notice. All content is provided on an “as is” basis, with no warranties of any kind whatsoever. If either index ceases to be made available, we will choose a new index which is based upon comparable information.
The displayed offer will be calculated based on provided information and will be subject to change upon the final appraisal and purchase offer. Your actual monthly payment may be higher. All rates and offers are offered for a limited time and subject to change without notice. Rates are based on an evaluation of credit history, loan-to-value, and loan term , so your rate may differ. If an escrow account is required, or requested, the actual monthly payment will also include monthly escrow payments. Other restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines. Offered loan products may vary by state. There is no guarantee that all borrowers will qualify. Restrictions may apply. This is not a commitment to lend. Terms, conditions, and programs are subject to change without notice.
U.S Patriot Act Disclosure: To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies every customer.
