In Panama, if you go through a bank, you will need 20% down. They charge about 6% with a 30 or 40 year armortization. BUT... and this is the bigger, there will always be a balloon on the mortgage for when you turn 70 and you must get a life insurance policy for the amount of the mortgage and name the bank as beneficiary.

An alternative is to buy with seller financing. When an expat needs to move fast for one reason or another, they will sometimes offer to selll their house with seller financing with 5 or 10% down and long term financing.

Why buy though?

Rents are vry affordable in Panama. Plus you have the flexibility to move around if you only rent.

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