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Mortgages In Mexico

Mortgage financing information for Americans purchasing property in Mexico is the second most popular request made by interested buyers. The first one is “How close to the beach is the house?”

Finally long-term market-rate financing is available in pesos and dollars for Americans and legal U.S. residents and Mexicans to purchase property in Mexico.

And you don’t have to give up your first-born to get a mortgage in Mexico.

We are affiliated with U.S. and Mexican mortgage banks as well as private sources of money for loans in Mexico.

Now lending in ALL of Mexico including: Cabo San Lucas,
Loreto Bay, La Paz, the East Cape, Rocky Point,
Puerto Vallarta, San Miguel De Allende

Here are a few of our best programs…and many more are to come:

As you read about these loans, remember that Mexico is a FOREIGN country with it’s own real estate laws and practices.

You cannot compare the rates, fees or procedures with the U.S.

Second/Vacation Home
3 years fixed 30 year amortization.
A 5/25 term is also
available.

A mortgage loan for American citizens that have their PRIMARY residence
in the U.S. and are Building, Purchasing, or Remodeling
a SECOND RESIDENCE in Mexico.

Stated income and alternative docs options available.
Seller/builder refinancing at 100% of balance

We also offer a cash-out refinance on this product.

Minimum Credit score: 680
Maximum Loan to Value (LTV) 65% (minimum purchase price $500,000)
Minimum loan amount is $300,000
Maximum loan amount is $1,000,000

INTEREST RATES:

50% Down Payment- 7.375%
40% Down Payment- 7.625%
35% Down Payment- 7.75%

Loans above $500,000 require 40% down and 7.875%
Loans above $800,000 require 50% down and a rate of 7.75%

Origination Fee 3.5% (Points)
Decreasing pre-payment penalty from 3% to 1% of loan amount over three years.

RATES ARE SUBJECT TO CHANGE WIHTOUT NOTICE AND DEPEND ON MARKET CONDITIONS

Please contact us for all details and restrictions on this loan.

Mortgages in Mexico are changing fast, and new lenders and products are entering the marketplace regularly.

Please complete our opt-in mailing list to be kept abreast of changes.

PESO LOANS
Cross-Border Program

This is a flexible and well-priced loan.
Keep in mind that you are paying in dollars (your option) on a peso denominated loan. Which makes your effective interest rate about 8.99%

Minimum Loan amount: $280,000 MX Pesos ( about $27,000 USD)
Minimum Property Value $350,000 MX Pesos ( about $34,000 USD)
No Maximum, but further analysis on loans over $1 million USD.

Purpose:
New or existing properties
Refinancing
Remodeling

Origination Fee 3%

Down Payment
10% for Mexican citizens
20% for U.S..S. or Canadian borrowers

RATES:
15 year 11.75
20 year 11.98

Pre-payment penalty 2.5%

Your payment will also include the cost of life, property and unemployment insurance and a servicing fee of about $14.00 USD.

A typical Payment based on a $2,000,000 MX PESO ($200,000 USD)
Assuming a ratio of 10:1 peso to dollar for example purpose only.

$2,388 US per month for the 20 year loan
$2,556 US per month for the 15 year loan

Remember this includes insurances and servicing fees.