Loan Products:
Fixed & ARM rates.
Amortization terms from 15 to 30 years.

Interest Rate:
Rates start at 6% & up

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 penalty applies on IPM inventory to penalty applies for the first two years.

Geographic Regions:
Los Cabos / San Jose del Cabo Corridor
La Paz
Tijuana / Ensenada Corridor
San Felipe
Puerto Peñasco (Rocky Point)

Purpose:
Purchase, Cash-out, Refinance, Construction

Property Use:
Investment Property, Primary Residence & 2nd Homes

Eligible Properties:
Undeveloped Land
Single Family, 1 unit dwellings
Condos/Pre Construction Condos
Planned Unit Developments
Homesites in Planned Communities
Construction Loans

Comercial Loans:
Business loans
Development loans
   - $1 milion to $15 million in range.

Cash out refinancing:
Cash out for up to 50% of appraised value of property

Mazatlan
Puerto Vallarta
Ajijic/Chapala
Cancun / Playa del Carmen / Tulum Corridor
Most other areas in Mexico

Credit:
500 minimum credit score
Borrower must display generally good credit with at least one account active for the past two years

Income
Three different verification methods exist. They are: (For buyers who have minimal income documentation, we have a new program that only requires a letter from CPA starting income. This loan currently has a rate of 10.5%)

Verification methods:
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 CPA).