Financing in Mexico

Traditionally because of high interest rates charged by Mexican banks, most real estate purchases in Mexico were handled by 100% cash transactions. Recently U.S. financing institutions have started to offer financing to U.S. citizens purchasing property in Mexico. At present Mexican banks are also offering financing to U.S. investors.  Leading the way are banks such as Bancomer, Banamex, and GE Capital.

Financing is handled much like it would be handled in the United States since many of these institutions are in fact from the U.S. Based on credit scores, you may receive a loan with and interest rate that varies depending on qualifications. The lending companies will only provided a loan after due diligence has been performed on the property.