Volo Loans: Unlocking your Destination Dream Home…Sooner
Imagine the allure of owning a piece of paradise in Costa Rica—a tropical haven known for its stunning beaches, lush rainforests, and vibrant culture. For many U.S. citizens, the dream of investing or residing in Costa Rica is a tantalizing prospect. However, the reality of securing financing for property in this beautiful country has often been a daunting and expensive endeavor. Enter Volo Loans, a U.S.-based lending company revolutionizing the way Americans can finance their dream home in Costa Rica.
The Birth of Volo Loans
The inception of Volo Loans is a story rooted in passion, frustration, and entrepreneurial spirit. The Co-Founder of Volo Loans, during several family vacations to Costa Rica, fell in love with the country’s beauty, particularly the Los Sueños community. He began purchasing homes and lots, quickly discovering the joy of owning property in such a magnificent place. However, this joy was tempered by a significant challenge: the lack of viable financing options for U.S. citizens in Costa Rica. Forced to buy properties with cash, he realized a gap in the market that needed addressing.
Driven by this frustration, he partnered with a long-time friend who boasted nearly 30 years of experience in the mortgage industry. Together, they envisioned a solution that would offer U.S. style financing to Americans seeking property in Costa Rica. Thus, Volo Loans was born, headquartered in Salt Lake City, Utah, with the mission to make home ownership in Costa Rica accessible and affordable for U.S. citizens.
Volo Loans: What They Offer
Volo Loans provides a comprehensive financing solution tailored specifically for the unique needs of Americans purchasing property in Costa Rica. Here’s a closer look at what sets Volo Loans apart:
- U.S. Regulation and Currency: Volo Loans operates under U.S. regulations, providing clients with the reassurance of stringent regulatory standards. All loans are funded and serviced in U.S. dollars, ensuring familiarity and stability for American buyers.
- In-House Underwriting and Servicing: With an in-house team dedicated to underwriting and servicing, Volo ensures a seamless and efficient loan process. This internal control allows for quicker decision-making and personalized service.
- Amortized Loans with No Surprises: Volo offers loan structures that are amortized over 30 years, providing predictability and long-term financial planning. Importantly, there are no pre-payment penalties, allowing clients the flexibility to pay off their loans early without incurring expensive additional costs. Additionally, there are no life insurance requirements to secure a loan.
- Flexible Loan Products: Understanding that different clients have different needs, Volo offers four main loan products:
- 30 Year Fixed Rate: Simple, stable and familiar.
- 5/6 Adjustable Rate Loan (ARL): Fixed for the first five years, then adjusts every six months.
- 7/6 Adjustable Rate Loan (ARL): Fixed for the first seven years, then adjusts every six months.
- 3/30 Lot Loan: Amortized over 30 years with a balloon payment at the end of the third year.
- Competitive Rates and Loan-to-Value (LTV): Starting rates for Volo Loans are competitive, beginning at 9.5%. Clients can secure loans with up to 75% LTV, meaning they can put down as little as 25%.
- Streamlined Process: One of Volo’s standout features is its streamlined process. From initial application to closing, the entire process takes only six weeks. This efficiency is a game-changer for those eager to invest in Costa Rican property without unnecessary delays.
The Impact of Volo Loans
Volo Loans is not just a financial institution; it’s a facilitator of dreams. By providing accessible and affordable financing options, Volo is enabling more Americans to realize their dreams of owning property in Costa Rica sooner. Whether it’s a retirement home, a vacation getaway, or an investment property, Volo Loans makes it possible.
The impact of Volo’s services extends beyond individual clients. By facilitating property investment in Costa Rica, Volo is contributing to the local economy, creating more jobs, fostering growth, and encouraging sustainable development. The availability of financing options opens doors for more Americans to engage with and invest in the vibrant Costa Rican market.
Looking Ahead: Volo’s Future
Volo Loans is already making significant strides in the market. Their strong relationships with secondary market investors provide them with substantial funding capabilities, positioning Volo for exponential growth. As word spreads about their unique offerings and streamlined processes, the demand for Volo’s services is set to surge.
Volo Loans is poised to become a major player in the niche market of U.S. style financing for Costa Rican properties. Their commitment to innovation, customer service, and financial accessibility sets them apart. As they continue to grow, their goal remains steadfast: to make the dream of owning property in Costa Rica a reality.
Conclusion
Volo Loans represents a new era of financing for U.S. citizen who dream of owning a home in Costa Rica. With a clear understanding of the challenges and opportunities in this market, Volo’s tailored solutions simplify the purchasing process and make home ownership accessible. Their story, rooted in a genuine love for Costa Rica and a keen business sense, is a testament to the power of innovation in addressing market gaps. Volo Loans is making a lasting impact on the way Americans finance their Costa Rican dreams.
