Financing your property in Mexico

There are more ways to fund a purchase in Mexico than most buyers realise — and the right one depends on where your capital already sits. Here is a plain-English map of every route, what it costs, and who it suits.

Mexico is still a predominantly cash market for foreign buyers, but that does not mean you need the full price in a single account. Between developer installment plans, home-country equity and a growing set of cross-border lenders, most people structure a purchase that fits their situation. Below we lay out the real options — no jargon, no upsell.

Important: nothing here is financial or tax advice. Financing and tax treatment are jurisdiction-specific. We connect every buyer with an independent, bilingual advisor before any money moves.

Your financing options

Cash purchase

The most common route for foreign buyers. Roughly two-thirds of expat purchases in Mexico are all-cash — it is the fastest to close, carries the least friction, and gives you the strongest negotiating position with sellers and developers.

Best for buyers with liquid funds who want the cleanest, quickest close.

Developer payment plans

On pre-construction and new developments, builders routinely offer interest-free installment plans through the construction period — often 30%–50% spread across the build, with the balance due at delivery. No bank, no credit check, no interest.

Best for pre-construction buyers who want to phase their capital.

Cross-border & home-country financing

Many buyers release equity from property in their home country (HELOC, cash-out refinance) or use a specialised cross-border lender. Rates are typically far lower than Mexican peso mortgages, and the funds arrive as cash at closing.

Best for buyers with home-country equity or assets to leverage.

Mexican mortgages for foreigners

A handful of Mexican banks and specialised lenders offer USD-denominated mortgages to qualifying foreigners, generally requiring 30%–50% down, proof of income and a strong credit profile. Rates are higher than in the US, Canada or Europe, and closing takes longer.

Best when home-country financing is not an option and you plan to hold long-term.

Seller financing

Occasionally a seller will carry a portion of the price directly, with agreed terms and interest. It is less common and must be documented carefully by the notario, but it can bridge a gap when other financing is unavailable.

Best for negotiated one-off deals with a motivated seller.

SMSF / retirement-account structures

Buyers from some countries can hold Mexican property through self-managed retirement or pension structures. This is highly jurisdiction-specific and must be set up with a cross-border advisor before you sign anything.

Best for investors coordinating with an existing retirement structure.

Costs & common questions

How much should I budget for closing costs?

Plan for roughly 5%–8% of the purchase price on top of the price itself: acquisition tax (ISABI, ~2%–4.5% by state), notario and registry fees, the fideicomiso setup and first-year trustee fee in the restricted zone, and appraisal. Closing costs are almost always the buyer’s responsibility.

What are the ongoing carrying costs?

Annual property tax (predial) in Mexico is famously low — often only a few hundred dollars a year, even on high-value coastal homes. If your property sits in a fideicomiso you also pay the bank an annual trustee fee (commonly USD $500–$800). HOA/condo fees, where they apply, are separate.

Can I get a mortgage as a non-resident?

Yes, but expect 30%–50% down, higher interest than at home, more documentation and a longer timeline. Most foreign buyers find home-country financing or a cross-border lender cheaper and faster. We can introduce you to lenders who work with foreigners.

Is the fideicomiso a form of financing?

No. A fideicomiso is the ownership vehicle for property in the coastal/border restricted zone — a secure 50-year renewable bank trust that holds title while you keep every ownership right. It is not a mortgage or a lease. Financing (if any) sits separately on top of it.

Should I pay in pesos or dollars?

Prices are quoted in both. Because Mexican mortgage rates are high, most foreign buyers fund in their home currency and convert at closing. Watch the exchange rate and use a reputable FX service rather than an airport counter — on a large purchase the spread matters.

Let's map your numbers

Tell us your budget and where your capital sits, and we'll walk you through the cleanest way to fund your purchase — and connect you with the right cross-border advisor.

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