Financing is available, but not common in Honduras. Bank financing, with extremely high interest rates, is generally not a realistic option.
An alternative is to finance your purchase through either the owner or a developer. Many buyers have refinanced their homes or other collateral in the U.S. in order to purchase property in Honduras. The terms of sale will differ from property to property and are generally dependent on the financial circumstances of the seller at that time.
You may be asked to pay for the property in full, with cash, at the time of the sale. Both Honduran lempiras and U.S. dollars are acceptable forms of payment. The standard for owner-financing deals in Honduras is usually 30% to 40% down, with the balance to be paid within one or two years at 12%.
Transfer taxes and associated closing costs will amount to about 7% of the reported price of your property.
Real estate commissions typically range from 7% to 10%, and are payable by the seller. Honduran lawyers typically charge by the task, rather than the hour. The cost of setting up a corporation to own property is $1,500 to $1,800, inclusive of attorney fees.