Helpful Tips for Real Estate Buyers on St Croix

  • Local Lenders on the island can provide you with FHA, VA and Conventional Mortgages
  • Most Lenders can Conditionally Pre Approve you in 1 day
  • St. Croix offers numerous Mortgage Companies and Banks
  • Our Lending Institutions have different loan packages: Some banks may offer up to 95% financing on Land, Some will offer 100% on VA Loans, Others will loan up to 80% on your second home – And More to Choose From
  • In the Islands we use Attorneys to Close the Deals – Not Title Companies, as it is done in the States.  Average cost $800 to $1500 for an Attorney.
  • Can you Close Your Deal without Being On Island?? – You sure can and it is done all the time
  • Your Investment is SAFE – We are a US Territory, We use Title Insurance and Have Recorded Deeds
  • Closing Costs tend to be higher here mainly due to Hurricane Insurance (Condos and Homes)
  • Buyer’s other costs would be when obtaining a Mortgage:
    • Survey $650 and up for an As-Built Survey
    • Home/Condo Inspection (Optional) – $450 and up
    • Title Insurance – Dependent on Sales Price
    • Recording Fees
    • Appraisal – $350 + (approx)

Paying Cash – No Problem – RE/MAX will provide you with a Preferred Vendor List to make your Closing Quick and Easy.

Some Helpful Documents