Financing

 

Mexico Mortgage Loan Information

Financing Specials

Nick Price Residences Playa del Carmen $30,000 Down Easy Developer Financing. $1,200 Month

Mareazul Playa del Carmen $180,000 Down Easy Developer Financing. $2,500 Month

Nicte Residential Lots Tulum $5,000 Down Easy Developer Financing. $300 Month

Corales Privada Res. Playa del Carmen $15,000 Down (3 payments) Easy Developer Financing. $1,800 Month

Villas Tranquilidad Playa del Carmen $26,000 Down Easy Developer Financing. $2,200 Month

Now that Mexico finance is becoming more readily available, more and more people are choosing this option over using cash to finance their real estate transaction.  For a Mexico loan most banks require a Migrant Visa (FM2) for a non-resident living in Mexico.  However, if there are bank statements to prove the financial situation at home, some also accept an FM3 (Non Migrant Visa). In other words, there is no need to be a Mexican citizen to get a Mexico mortgage from a Mexican bank.  Buying your dream home in paradise is not only possible... it's easier than you might think!

Are Only Mexican Banks Allowed to Offer Mortgage Loans to Foreigners?

No, and actually a property or home loan generated in Mexico is a little tougher than a loan generated in the US or Europe, where it is much easier to foreclose a deal in case of default. In Mexico, the same process is very complicated and takes much longer. Therefore, additional precautions are taken for a Mexico mortgage.

Banks in the United States and Europe have used this chance to jockey for position in mortgage loans and, resulting in constantly growing amounts loaned for the purpose of property acquisition, started to offer so-called Cross-Border Mortgages. Undoubtedly, this is a future trend.

We at Investment Properties Mexico are always in touch with the latest movements on the Mexico loan market and set up the best possible mortgage plans for our clients with the best rates available. With so many Mexico homes for sale, we collaborate with Mexico mortgage companies that offer special loan programs and real estate finance for Americans, Canadians and Europeans with terms of 3, 5, and 10 year Adjustable Rate Mortgages (ARM’s) or 30 year Fixed, no prepayment penalties. The length of the loan can be anywhere from 5 to 30 years, and for most banks offering mortgages to foreign investors, the typical loan to value (LTV) amount is 80% to 90%. Also available are Full Documentation and Stated Income Loans.

How Much are the Interest Rates?

Interest rates for a Mexico loan vary quite a bit, depending on if the loan originates in the US or Mexico and can be anywhere from 7% on up.

How Does the Bank Check My Credit History?

Like any bank anywhere in the world investigates the financial situation of its prospective clients, to take out a Mexico mortgage to purchase Mexico real estate will involve a check of your credit score, proof of income, employment history and any other factors the money institution you chose for considers appropriate to assess.

Can I Use a Retirement Account?

Yes, Investment Properties Mexico have a number of clients that use their IRAs, Roth IRAs, 401k’s, 403B’s, SEP’s, and Keough plans for Mexico real estate transactions.

Find out more about using your IRA to buy real estate.

	First Name:		Mexico Loan Information Loan Amount: Loan Time Frame: Please select Within 30 days 2 - 3 Month 4 - 6 Months Long Term Loan Program: Please select Fixed Rate Adjustable Rate Refinance HELOC FHA VA Reverse Loan Purpose: Please select Purchase Refinance Construction Other Years in Current Job: Self-Employed?: Gross Annual Income: Monthly Expenses: Monthly Income: Property Value: Please select $0 - $100,000 USD $101,000 -$200,000 USD $201,000 - $300,000 USD $301,000 - $400,000 USD $401,000 - $500,000 USD $501,000- $600,000 $601,000- $700,000 $701,000- $800,000 $801,000- $900,000 $901,000- $1,000,000 More than $1,000,000 USD All Property Type: Property Location: Credit History: Please select Excellent Credit Good Credit Fair Credit Poor Credit
	Last Name:
	Email:
	Home Phone:
	Work Phone:
	City:
	State/Prov:
	Country:
	How would you like to be contacted?
	Please select Please Call Me Just Email Me For Now Call Me and Email Me
	Newsletter Yes, I would like to receive a monthly e-Newsletter to learn more about income producing and investment properties in Mexico. Unsubscribe at any time. Weekly Picture Yes, I would like to receive the Picture of the week by e-mail. Unsubscribe at any time. Opportunity Alert Yes, I would like to be notified of any great opportunities. Unsubscribe at any time.