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What documentations are normally required for foreigners (non-Panamanians) to obtain financing on property in Panama?

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What documentations are normally required for foreigners (non-Panamanians) to obtain financing on property in Panama?

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Banks that finance real estate loans/mortgages to foreigners usually require following documents: · Complete (all pages) photocopy of passport. · Photocopy of another ID (usually photo ID) like drivers license · Two original financial reference letters · Two original commercial, professional, or personal reference letters · Photocopy of utility bill showing physical address · CV (Curriculum Vitae – may be personal education/work resume) · Financial statements of last two years. · Personal income tax returns of last two years. · Photocopy of property documentation (registered title deed and registered survey) · Original recent certificate of title deed from the Public Registry · Appraisal on the property by an approved appraisal company.

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