Financing Property in Ecuador

In theory financing is available in Ecuador, but in practice it is difficult to arrange. The Ecuador constitution guarantees free access to the banking and credit market to locals and foreigners alike, just as it guarantees the free right to own and hold property. 

However, there is no "credit rating" system in Ecuador, and the default rate is high - so it's hard to qualify for a loan without a local employment history or a co-signer. A good credit rating in the US does not mean anything here. Interest rates are typically 12% or more, and 30% to 50% down payment is standard. 

You can sometimes get the sellers to provide financing, but they will typically require at least 50% down payment. Another option is with new construction - the builder/architect will often provide financing, especially for "pre-construction" projects.

Your best bet, however, is to get financing from your home country - family, friends, or even tapping a HELOC will often be a better choice than trying to get local financing.