Although Act60Lending is not an Act 60 company, it is owned and operated by Act company owners. We understand the needs of Act 20, 22 and 60 program participants.

There are only a few banks that can lend on the island. There are no US Banks in Puerto Rico. Lack of competition has been very bad for the customer.

It’s not unusual to hear the horror stories of someone who could easily qualify for a loan in the States, spend 12 months or more going through underwriting just to get denied.

They just aren’t set up to lend to you. In the States company owners typically have many write offs and pay themselves as little as possible. There are many lenders in the US that understand this and have programs to support them. These programs don’t exist in Puerto Rico.

We’ve designed our lending platform from the ground up to help people locating from the States get great loan prices and terms. And we make the process simple and easy.

If you applied after September 2019, you must buy property in Puerto Rico.

Typically 30% – 40%.

We do not charge pre-payment fees. You can pay off your loan early if you like.

We typically charge a couple of points above bank jumbo rates.

Our goal is to close all of our loans within 30 days of pre-qualification.