Real Estate Mortgages for Expats

So you’ve decided to buy a home in Mexico. Congratulations! You’re going to love it! Living in Mexico has been some of the best (and most challenging) years of my life, so I’m happy to pass along any information that can also help you call Mexico home.

Buying real estate in Mexico as a foreigner is not much different than buying any place else in North America, however, it is advisable to ensure you use a professional, licensed AMPI Mexican real estate agent¬†for the city in which you intend to buy. Don’t worry, most speak English. A lot of foreigners who live here are also qualified AMPI Mexican real estate agents as you can see from the website.

Normally the best place to begin your new real estate purchase is at the beginning, which would be financing. The first thing you need to know is that as of 2012, Mexican mortgages are NOT available for foreigners (non-Mexicans). There was a time when you could apply for a mortgage in Mexico to buy property, but that is no longer the case. So you will have to take another route.

If you don’t have the cash, are not interested in developer financing or getting a second mortgage in your home country, there are companies that offer expat mortgages here in Mexico. They are not Mexican companies, but are US companies with an underwriter and office in Mexico who serve both Americans and Canadians.

They include:

Mexlend Mortgages

Mortgages In Mexico 

ConfiCasa Mortgage International 

All three of these companies offer what is referred to as cross-border mortgages and have their own standards for qualifying to get a mortgage through them.

It is important to understand that in 2012, due to the excessive paperwork required by the US government, Mexican banks stopped offering mortgages to non-Mexicans, so if you want to buy a home anywhere in Mexico, you will need to find another financing avenue.