Mortgage options for Puerto Rico — FHA, VA, conventional, and PRHFA programs. A complete guide for island homebuyers.
Written by Renzo Johnson, Licensed MLO · NMLS #PENDING · Last updated: February 2026
- FHA loans available in all Puerto Rico municipalities
- VA loans: Puerto Rico veterans and active military fully eligible
- Conventional (Fannie Mae/Freddie Mac) available
- PRHFA (Puerto Rico Housing Finance Authority) programs for first-time buyers
- CDBG-DR disaster recovery assistance (post-Maria and Fiona)
- FHA loan limits: $472,030 in most PR areas (2026)
- Property tax: significantly lower than mainland US
- Civil law system differs from mainland common law
- Bilingual service essential — most transactions in Spanish