How to Get a Mortgage in Mexico as a Foreigner

Many Mexicans in the U.S. have worked hard to build an excellent credit history, but banks there won't approve mortgages to purchase property outside the country. On the other hand, one of their main challenges is that they have not built a credit history in Mexico. Until recently, there were no options to buy with a mortgage loan either “up there” or “down here,” and sometimes the only way to buy was to use all their savings. 

For this reason, here in Mexico we help Mexicans living in the U.S. who want to invest and start a new life in this country. Through Mexico Mortgage Hub, we have helped many families from abroad throughout the entire process: from prequalification to handing over the keys. Buying property in Mexico is a dream for many citizens of the United States and Canada, as well as Mexicans living abroad, and we created this bridge to make it possible and straightforward.

Who can qualify?

Contrary to what many people think, Mexican residency is not always required to qualify for a loan. The program is open to:

• U.S. and Canadian citizens.

• Foreign nationals living in the U.S. or Canada (including nonresidents).

• Mexicans living outside Mexico.

Typical Requirements and Documentation

Specialized financial institutions and our brokers know how to assess foreign income and credit. The documents we typically request are:

• Government-issued ID: Valid passport and government-issued identification.

• Proof of income: Pay stubs, employment letters, or tax returns.

• Bank statements: Recent bank statements and proof of assets.

• Credit history: Credit reports from your country of origin (some lenders accept a limited Mexican credit history).

• Down payment: The required amount varies depending on the client's profile and the loan product.

Financing Options

1. Conventional Mortgage for Residents of Mexico

• Ideal if you already have legal residency in Mexico.

• Offers fixed monthly payments in pesos.

• Terms of 10 to 25 years (a major advantage for your financial stability).

• Includes life and property insurance.

1. Secured Mortgage for International Buyers Designed for those without Mexican residency who want a hassle-free process without needing to verify local income.

• Premiere Plan: Lets you spread your down payment over up to 36 months with predictable payments.

• Unique Plan: For those who prefer to make a larger down payment and complete the purchase more quickly, with no credit requirements.

• Includes the most comprehensive insurance package in the industry and no prepayment penalties.

About Mexico Mortgage Hub and Creditaria

We are part of Creditaria Financial Group, a financial services powerhouse with a presence in Mexico, Canada, Spain, and the United States. Working with a broker specializing in cross-border cases simplifies the documentation process and improves your chances of approval. Good to know: We work closely with Homes in Mexico at international events to guide investors through every step of their purchase in Mexico.