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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

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Located in the US Virgin Islands, St. Croix is a US territory making it an easy place for US citizens to purchase property. It also happens to be surrounded by the turquoise waters of the Caribbean Sea and white sand beaches, plus the tropical climate creates the feeling of endless summer.
If you are an American citizen, you need NO EXTRA paperwork to visit, live in or work in the US Virgin Islands!
The US purchased the islands in 1917, when they were known as the Danish West Indies, hoping that they'd be an ideal strategic location for a naval base and would help secure the region surrounding the Panama Canal.
However, the cost of living can vary significantly between different islands. If you're trying to figure out where is the cheapest place to live in the Virgin Islands, you'll probably want to set your sights on St. Croix, but living on any of these beautiful islands can be an investment worth making.
However, the cost of living can vary significantly between different islands. If you're trying to figure out where is the cheapest place to live in the Virgin Islands, you'll probably want to set your sights on St. Croix, but living on any of these beautiful islands can be an investment worth making.
Getting a Mortgage in the US Virgin Islands You will be required to have 50% equity in the home, and the property must be in the tourist or expat areas of the island, with preference given to waterfront homes. The minimum property value for a private loan is $1,500,000.
Yes, foreigners can buy property in the US Virgin Islands and the Government of the US Virgin Islands welcomes investment from overseas buyers. There are no restrictions on foreign buyers acquiring real estate in the US Virgin Islands.
The cost of living in the U.S. Virgin Islands is higher than on the U.S. mainland. On average, apartments cost $2,000 per month. A two-bedroom house costs at least $285,000. Not everyone can afford health care on the U.S. Virgin Islands.