Financing Real Estate in Los Cabos, Baja Mexico | Baja Smart
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Financing Real Estate in Baja California Sur

Financing Baja Real Estate

It is possible for Americans, Canadians and foreigners to finance property in Mexico.

Financing for US & Canadian citizens has been available since 2006 using the Mexico property as collateral. Many lenders have come and gone from our Mexico market during this time and currently the only lenders that are funding are high interest rate lenders. Rates typically end up anywhere between 9.5% - 16%. Typical down payments required are 35% and loans vary anywhere from 20 yrs - 30yr amortizations. It is typical to not have a prepayment penalty, however all loans are viewed on a case by case basis. Baja Smart Real Estate only refers clients to lenders who have successfully funded loans in our Market.

We update this page as programs change; this report is current/accurate as of June 2018.

View seller financing properties currently on the real estate market.

Mortgage Terms

Loan size $200K-$2M

9.9% Interest rate

3% Loan origination

15 Years fully amortized

50% Loan to value

35% Debt to income

No prepayment penalties

Cash-out refinancing

Fully assumable

Prequalification

The prequalification or creditworthiness process starts by answering a short series of questions and giving the authorization to order the borrower’s credit report. This process provides the borrower(s) with an initial decision that will determine the next steps in the loan process. For each applicant the following information is required:

Type of loan

Purchase or Cash Out Refinance

Loan Amount

Property Address

Primary or secondary residence

Name

Address

Phone number

Email

Social Security Number

Date of Birth

Estimated Annual Income

Estimated Assets (checking, savings, retirement, etc.)

Signature for borrower certification and authorization

The next step is to complete the prequalification process. All required information listed above is reviewed for accuracy and determined if the borrower(s) meet the strict requirements of progressing to the pre-approval, underwriting and funding of the loan. The borrower will receive a decision on prequalification within 48 hours after all information has been provided.

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