Ways to finance a property in Mexico
Options to buy without decapitalizing
Buying a property is one of the most important decisions for many people, especially when it comes to investing in destinations with high appreciation potential such as the Riviera Maya. However, not everyone has the total amount available in cash.
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Fortunately, there are several ways to finance a property in MexicoThese are for both nationals and foreigners, which allow them to acquire real estate without affecting their liquidity.
In this article you will find the most common options, their advantages and key points to consider.
1. Traditional mortgage loan
This is the most widely used option in Mexico. Banks and some financial institutions offer mortgage loans in Mexican pesos for the purchase of houses, apartments or deeded land.
Characteristics:
Terms from 5 to 20 years.
Fixed or variable rates.
Scheduled monthly payments.
Requires proof of income and good credit history.
Recommendation: Compare at least three institutions to evaluate rates, fees and requirements.
2. Mortgage loans for foreigners
Some banks in Mexico have mortgage products specially designed for foreigners who wish to buy in destinations such as the Riviera Maya.
Key points:
They generally request a higher down payment (30% or more).
Terms of up to 15 years.
Additional documentation such as passport, proof of income and tax status in your home country.
Many foreigners also use mortgages in their country of residence to finance their purchase in Mexico.
3. Direct financing with developers
In pre-sales and new developments, many developers are offering direct financing planswithout bank intermediation.
Advantages:
More flexible requirements.
Bank credit history is not reviewed.
Hitches ranging from 20% to 50%.
Payment terms from 12 to 36 months (or more).
Example: Projects such as Lula SanctuaryThe Tulum-based company offers direct financing schemes with affordable monthly payments, ideal for investors who prefer staggered payments.
4. Infonavit and Fovissste Credits
For Mexican buyers with formal employment, Infonavit and Fovissste are common options for acquiring housing.
Advantages:
Competitive rates.
Payroll deductions.
They can be combined with bank loans (co-financing).
Consideration: These loans tend to be applied more to finished homes than to land or pre-sales.
5. Personal loans or bridge loans
Some investors use personal loans, bridge loans, or even revolving lines of credit to cover down payments or fill in shortfalls.
Caution: It is essential to analyze the interest rates carefully, as they are usually higher than a traditional mortgage loan.
6. Programmed contributions
In pre-sale developments, a common strategy is to split the payment in several stages:
Section.
Initial hooking.
Monthly payments during construction.
Final settlement against delivery and deed.
This modality allows for better resource management and a gradual commitment of resources.
What to consider before choosing a financing option?
Before committing yourself, evaluate these points:
Interest rate.
Deadlines and penalties for prepayments.
Notary fees and taxes.
Exchange rate if you finance from abroad.
Actual payment capacity.
Having professional advice makes the difference in choosing the best option.
Financing a property in Mexico is possible
Today there are flexible alternatives to become an owner in high demand places such as Tulum, Playa del Carmen or Bacalar. The secret is to compare options, understand the conditions and plan your investment with a long-term vision.
At iBrokersWe have a specialized team that can help you to identify projects with direct financingWe will connect you with reliable institutions and advise you step by step so that your purchase is safe and profitable.
Do you want to learn about developments with financing options?
We help you find the ideal property according to your investment goals.
Contact us today and receive personalized advice.
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