Published on our July 2023 Newsletter
Question: “Can I use my lender in the states to get a loan for a property on St. Croix?”
Christie’s Answer:
It’s very important to use a lender who is licensed in the US Virgin Islands and complies with our laws.
Some Buyers do use a Home Equity Line of Credit Loan (HELOC). They are borrowing against the available equity in their stateside home and that house is used as collateral for the line of credit.
We would be happy to send you a complete list of licensed local and national lenders so that you have options. This includes both banks and mortgage companies. Contact us here!