The Puerto Rico Bureau of Financial Institutions regulates all brokers and issues all licenses within Puerto Rico. Any person acting as a mortgage broker within Puerto Rico must gain proper licensing, and it is unlawful to act as a broker without proof of a brokerage license. In order to obtain a broker’s license within Puerto Rico, all candidates must pass an examination followed by yearly continuing education courses. Additionally, all brokerage licenses must be renewed on a regular basis.
Consumers seeking a mortgage within Puerto Rico should shop around for a mortgage broker. By obtaining various quotes from a number of different brokers, a consumer can secure the best mortgage rate. Some residents of Puerto Rico may qualify for certain mortgages including those who are considered veterans, low-income consumers, or those who reside in rural areas. To find out if you qualify for a unique mortgage program, speak with a licensed broker. All of the brokers listed on this site are qualified and reputable. To find a broker near you, start by selecting the town or city that is closest to your location. Upon contacting each broker, take the time to ask for a copy of a broker’s license. This way, you can ensure that the broker you’re dealing with is legally authorized to act as a broker in Puerto Rico. |
