Mortgages for Foreign Nationals in Mexico
Local banks in Mexico offer mortgages to foreign nationals. Some of the well-known banks that provide mortgages to foreign nationals include Bancomer, Banamex, Santander, and Scotiabank.
Local Lenders in Mexico
- Bancomer: https://www.bbva.mx/
- Banamex: https://www.banamex.com/
- Santander: https://www.santander.com.mx/
- Scotiabank: https://www.scotiabank.com.mx/
Deposit Requirements When Buying Property in Mexico
Deposit Requirements in Mexico
The deposit amount required when buying a property in Mexico depends on various factors such as the type of property, the lender, and the applicant’s credit history. On average, a 10-20% deposit is required when buying a property in Mexico.
Outstanding Debts in Mexico
New property owners in Mexico are responsible for outstanding debts on the property, such as property taxes and utility bills. It is important to conduct a thorough search and review of the property’s history and financial records before making a purchase to ensure that there are no outstanding debts or liabilities.
