Financing

If you have questions regarding credits and financing a real estate property in Mexico, you’ve come to the right place. Maybe you are looking to purchase a property in the Riviera Maya for investing, retirement, or both, you may encounter several questions in the subject. As an expert real estate agency down in Playa del Carmen, we want you to have the easiest and best options available. 

The first thing that is important to point out is that 90% of the foreign buyers in Mexico are cash buyers. The real estate market in Mexico is a cash market, which is definitely a big plus since it gives stability and lowers the risk of home loans defaulting.

However, if you do not have the full amount for what you want, there are still several options that a lot of investors don’t know about.

Financing Options for Presale Real Estate in Mexico

There are a lot of pros and cons to buying presale. Many investors are looking to buy presale because the purchase price is lower, they are getting a better deal, it’s a brand new property, and you have payment options during the construction of the property. There are different time frames for delivery of presale units. Most range between a 6 month to an 18-month delivery can depend on how much liquidity you have available now. This is one example of a financing option for your real estate purchase.

1. Example of developer payment options in presale

• 30% Down payment – 40% in payments during construction and 30% upon delivery.
• 50% Down payment – 30% in payments during construction and 20% upon delivery.
• 80% Down payment – 20% upon delivery.

*Usually starting at 50% and above, developers offer a discount for a higher down payment.

1. Developer Financing

There are a few developers that offer in-house financing, the time frame depends on the developer. 

 Financing for immediate delivery properties in Mexico

1. Financing in the US or Canada in USD
2. Financing in Mexico in MXN with a Mexican bank
3. Developer Financing

There are also other options on credits that you may come across, like cash credits up to USD 500,000 with some local and United States Banks. We have contact with some of these brokers, that we can suggest before the purchase process.