Mexico Mortgage Loans

Pre-Qualify	Buying Steps	Loans	Financing Specials	Testimonials	About Our Finance

Loan Program and Guidelines

Loan Terms

Loan Products

Fixed and ARM rates
Amortization terms from 15 to 30 years

Interest Rate

Rates start at 6%

Minimum Loan Amount

$25,000

Maximum Loan Amount

$5,000,000

Maximum Loan to Value Ratio

60% to 75% (varies based on loan size)

Pre-Payment Penalties

No early repayment penalties apply on investments purchased from the inventory of Investment Properties Mexico, but penalties may apply on other properties.

Guidelines

Geographic Regions

Los Cabos/San Jose del Cabo corridor
La Paz
Tijuana/Ensenada corridor
San Felipe
Puerto Penasco (Rocky Point)
Mazatlan
Puerto Vallarta region
Guadalajara region
Acapulco area
Ixtapa/Zihuatanejo
Ajijic/Chapala
Cancun/Playa del Carmen/ Tulum corridor
Entire Yucatan Peninsula

And most other areas in Mexico.

Purpose

Purchase, cash out, refinance and construction.

Property Use

Investment property, primary residence and second homes.

Eligible Properties

Undeveloped land
Single family, 1 unit dwellings
Condos/pre-construction condos
Planned unit developments
Home sites in planned communities
Construction loans

Comercial Loans

Business loans
Development loans
$1 milion to $15 million

Cash out refinancing

Cash out for up to 50% of appraised value of property.

Credit

500 minimum credit score and borrower must display generally good credit with at least one account active for the past two years.

Income

Three different verification methods exist.

For salaried borrowers:

1.- One years W-2's and personal tax returns.
2.- Two most recent paystubs (must be employed one year in same line of work)

For self-employed borrowers:

1.- One year personal and corporate tax returns.
2.- Verification that business has been in existence a minimum of one year (i.e. copy of business license, letter from C.P.A.).

For those buyers who may have minimal income documentation, we now have a Mexico mortgage program that simply requires a letter from C.P.A. starting income. This type of loan generally has a rate of 10.5%

 

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