Some banks and financial institutions may offer mortgages to US and Canadian citizens with a good credit history and income in their home country, but the terms of such loans are always significantly worse than in their own countries.
Mexican banks offer mortgages to Mexican citizens and permanent residents (with a residence permit) upon presentation of a credit history and proof of income in Mexico.
Our foreign clients choose the following methods:
Financing from the developer. Most buyers choose a different option: purchasing a property at an early stage of construction, paying it off in installments without a bank loan. A down payment is required, typically 30%. This makes the payment period longer, up to the end of the construction and allows you to profit from the property's price growth, as your unit`s price is fixed in the contract.
We work only with reputable developers who accept interest-free installment payments, which offers the same flexibility as a mortgage but without the bank overpayments. Some properties under construction offer an additional installment plan of 3 years after completion.
Personal funds when purchasing a completed property. Some clients from the US and Canada can pay for property in Mexico with a Home Equity Loan if they have a mortgage in their home country.
Legal Payment Methods
Cash payments for real estate in 2025 are permitted up to 907,948 pesos for one unit.
Payment to an escrow account is not mandatory, but is possible by mutual agreement when purchasing a resale property. If you buy from a developer it is not necessary as you pay to them directly.
Cryptocurrency is not officially recognized as payment for real estate; exchange is carried out through personal agreements.
Bank transfer to the seller's account. No proof of origin is required. The account from which you send the funds must be yours.
