In Mexico, closing costs can vary between 5% and 8%.

Foreigners can acquire properties on the coast, although the procedure is not the same as that of a Mexican citizen.

The Mexican Constitution prohibits foreigners from obtaining direct title to property in the restricted zone, which includes 100 km from the borders and 50 km from the coasts. However, a Bank Trust is established to obtain title. In this way, the foreigner is a beneficiary of the trust, and can build, rent, sell and even inherit the property. This is the legal way for a foreigner to acquire residential property on the coasts of Mexico.

There are banks or financial institutions that grant mortgage loans to foreigners. To obtain a loan in Mexico, you must apply for temporary Mexican residency, a simple process through the Ministry of Foreign Affairs. Generally, banks request at least 35% down payment and loans can be for up to 20 years.

The purchasing process is very simple:

Once you have chosen the unit of your preference, your advisor will accompany you to enter the offer. This requires a check for $10,000 USD, which will not be cashed until an agreement is reached.

A private contract will be signed between buyer and seller; At this point the hookup is complete.

The total price of the unit is settled, the deed is signed before a Notary Public and the property is subsequently physically delivered.

In Mexico, the property tax is very low compared to the United States and can be less than 1% of the value of the property at the time of purchase.

They generally request 3 to 6 months of account statements where you receive your payroll and your payment receipts. Your FICO score must be 700 points or more, in addition to having a license or letter of employment and an official identification from your country of origin. This is the most important thing; Additionally, they will ask for basic documents such as a birth certificate, marriage certificate (if applicable) and then you must process your Temporary Residence Visa in Mexico.

By working through a trust, it means that we are fully empowered to deed. This ensures that you take possession of the unit, with the notary verifying the legality of the property involved.

We accept personal checks, cashier's checks, bank transfers and physical cash up to $30,000 USD (with prior approval).