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We have partners that specialized in mortgage loans offering excellent financing programs, both for locals and foreigners, thus achieving the best plan and the best interest rate. Financing conditions and requirements will depend on the qualification of the client and the current programs of the lender. Each case is completely different and there may be different types of mortgages that fit each profile.
Foreign investors will need the following documents and information:
- Passport from the country of origin
- Investors that have a job in their country of origin need to provide pay stubs or income documents from the past 3 years.
- Investors that have business in their country of origin need to provide a letter from an accountant showing financials for the past 3 years or a letter summarizing your business and how was it originated.
- Copy of bank statements from the country of origin for the past 6 months
- Driver license or another id from the country of origin
- Utility bill or vehicle registration from the country of origin
It is necessary, at all times, to consult a bank, lender, mortgage loan originator, among other financers so that they can provide the information corresponding to your case.
Here are the most common foreign buyer program terms today. This information should not be taken as financial advice.
A practical guide to financing
- Initial purchase between 35-50% (depending on the country of origin)
- Initial refinancing: 50% of the appraised value
- Interest rate (April 2021) between 4.0- 5.0% (Rates fluctuate constantly, please contact us for details
- Minimum loan amount $ 75,0000
- Loans amortized for 30 years
- Debt vs. income (DTI) cannot exceed 42%
