Financing and mortgage options for buying real estate in Mexico.

#1.-Seller financing:

Common terms for seller financing that we have seen this year are 40% to 50% percent down at closing, 6.5% to 7.9% interest rate, principal and interest payments amortized over 10–20 years, with a balloon payment due in 2 to 5 years. One important detail about owner financing is how title is held during the term. Title has to be marketable in order for a real estate transaction to occur, and in today’s market, the only kind of title that is marketable is title that can transfer to the buyer at the closing of the transaction, usually within 60 days after escrow has opened. 

#2.-Developer financing

Every developer has their own term, estimate is 40%-50% down (more or less) interest variate from 6.5%- 7.9% depending on the qualification

#3.-Financing through a Mexico bank

We work closely with banks and are in a position to furnish you the best option available,
we have a tool that will allow you to compare the best interest rates and factor them with the ROI (Return on investment) of the property that you are interested in purchasing. Foreigners can secure a credit with a Mexican bank of up to 65% of the value of the property
appraisal. It is the same steps to get the mortgage as a Mexican citizen.
There are several pros of financing your property in Mexico:

Currency: US Dollar.
Nationality: USA or Canadian citizens.
Immigration status: temporary, permanent or no residency.
Minimum property value: $250,000.00 USD.

FICO Score: 720
Loan-to-value: up to 65% of the appraisal value (risk adjusted).
Loan length: 1 to 25 years (risk adjusted).
Fixed rate: defined according to credit profile and market conditions.
Fees: underwriting, closing and origination.
Benefits: Securing a loan in Mexico will not impact your credit score back home, no prepayment penalty, interest is calculated on the unpaid balance, a One-stop banking experience

^{**Subject to change according to market conditions.**}