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 $100K - $2.5 MM 
Interest rate: From 7.0 % to 10 % (NOTE: Depending on qualifications) 
3% Loan origination 
15 Years fully amortized 
60% Loan to value 
38% Debt to income 
No prepayment penalties 
Cash-out refinancing

Prequalification

Prequalification The prequalification or creditworthiness process starts by answering a short series of questions and giving the authorization to order your credit report. The cost of the credit report is $100 USD. The credit along with the shorts answers to each question provides you 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
Is this property going to be a 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 you meet the strict requirements of progressing to the pre-approval, underwriting, and funding of the loan. You will receive a decision on prequalification within 48 hours after all information has been provided. 

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