Quick Answer
Yes, but options are limited compared to the US. Cross-border lenders like MXMORTGAGE, Intercam, and Global Mortgage offer financing to foreigners with typical terms of 65-75% LTV, 15-20 year terms, and interest rates of 7-9% for USD-denominated loans. Mexican bank mortgages are available at 10-14% in pesos. Many buyers use US home equity loans or cash from investment accounts.
Detailed Answer
Financing is available for foreign buyers purchasing property in Mexico, though the landscape differs from the US mortgage market. Specialized cross-border lenders such as MXMORTGAGE, Intercam, and Global Mortgage focus on foreign nationals buying Mexican real estate. Typical terms include 65-75% loan-to-value ratios, 15-20 year amortization periods, and USD-denominated interest rates of 7-9%. These lenders understand the fideicomiso structure and have streamlined their processes for Los Cabos transactions.
Mexican bank mortgages are also available through institutions like BBVA, Scotiabank, and HSBC Mexico, though rates are higher at 10-14% in pesos, reflecting Mexico's different interest rate environment. A popular alternative is leveraging existing US assets — many of our clients take a home equity line of credit against their US property at domestic rates and use the funds to purchase in Cabo as a cash buyer, simplifying the entire process.
Approximately 70% of foreign purchases in Los Cabos are cash transactions, but financing absolutely remains a viable path to ownership. Our team connects buyers with lenders who specialize in cross-border deals and can pre-qualify you before you even start house hunting. Explore your options by visiting our FAQ hub or contacting us for lender introductions.