Buy with confidence

Financing FAQs

• What down payment is required to purchase a share of a second home?

  Buyers can finance up to 70% of their purchase. A minimum down payment of 30% is required. We offer competitive rates for all financing levels, with preferred rates for buyers paying 30-50% down.

• How quickly can I get approved?

  The approval process is straightforward and fast. We’ll request a copy of your driver’s license, pay stubs, a tax return, a current bank statement and a credit report. Once all documents are provided, approval takes just a few days.

• Is the loan in my name?

  The loan is between our banking partner and the LLC. Borrowers access financing directly from the LLC.

• Is there a financing fee?

  For buyers who choose to finance up to 70% of their purchase through Pacaso’s banking partners, a small fee will be assessed at closing. Our Crew will provide detailed information about financing options and costs.

• Can I use crypto for a down payment and finance the rest of my home purchase?

  Yes, eligible buyers can finance up to 70% of their purchase and pay their down payment in crypto. Monthly financing installments may only be paid in US dollars.

• I want to purchase my Pacaso with crypto. How does the payment process work?

  When you’re ready to pay, Pacaso will send a BitPay invoice by email. BitPay, our cryptocurrency payment facilitator, processes the transaction. Using BitPay, you’ll select your wallet and preferred cryptocurrency. Next, you fill in the payment details in your wallet, either manually or by scanning a QR code. You’ll then validate the transaction from your wallet. Upon validating the payment, you will immediately see the payment reflected on the invoice.

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