First Mexico Mortgage Mexico Financing

Just in ! New financing loans for Mexico !!! ( call for updates,

not on the web yet )

FULL DOCUMENTATION and STATED INCOME Best Mortgages for Mexico

MORTGAGES FOR MEXICAN REAL ESTATE

NOW AVAILABLE TO NORTH AMERICANS (US,Canada, Mexico )

We Finance Mexico !

Toll Free 1- 888- 909- 6570 ext 2 ( if no answer, Please leave a message )

If you’re reading this, chances are you are looking for a loan in Mexico. Well, you’ve come to the right place. Here at First Mexico Mortgage our focus is on getting you the right loan and the right terms to fit your situation. A mortgage is a big commitment and you need an experienced professional guiding you through the process, answering your questions so that you’ll know with confidence that you made the right choice.

We make available the financing and transaction resources of GE Capital, Bancomer, ScotiaBank, HSBC, who now loan on Mexico Real Estate collateral....PLUS over 200 American lending institutions to access the equity in your U.S. real estate properties. APPLY ONLINE.

By selecting the right financing for your individual needs, we can offer you the best combination of of terms and rates.

Purchasing property in Mexico can be an incredible financial and lifestyle opportunity. However, financing your property purchase in Mexico is DIFFERENT than in the US. There are different LAWS, different RULES, different REGULATIONS. American Banks are NOT automatically licensed to operate in Mexico. They do NOT loan on Mexican property collateral except under special circumstances. If you want to buy property in Mexico, we can help you. We know the territory and we know international lending. To protect your interest, you need professional financial advice, independent of the seller or broker of the property. First Mexico Mortgage is your source for expertise and experience above and below the border.

First Mexico Mortgage can Finance your purchase using a combination of US and Mexican Real Estate collateral. This allows potential financing of up to 100% of your vacation home purchase in Mexico. This technique has not only the most favorable rates, but is more flexible, can pay off faster, and your interest payments are tax-deductible

First Mexico Mortgage offers purchase financing in most resort locations throughout Mexico. ( Cancun, Playa del Carmen , Riviera Maya, Acapulco,Ixtapa, Puerto Vallarta, Cabos san Lucas, San Felipe,Mazatlant, La Paz,San Miguel,Chapala, Loresto Bay and more. Loan amounts are available up to $5M with 70% loan to value. We also offer full, light, and stated income documentation lending.

What does our commitment to personal service mean to you? It means that we focus on you and your goals. Anyone can line up a great looking rate for you but we take the time to show you all the other "gotchas" that can overshadow any teaser rate.

Not sure if you can afford your dream house? We have many flexible loan programs that can put you into your new home easier than you might expect. Is the down payment a stumbling block? Some of our programs not only don’t require a down payment, but cover some of your closing costs as well

mexico financing

Have questions about your credit? We can help you understand the effects of your past creditwhile showing you how to strengthen your present and future. Our network of mortgage wholesalers enables us to find you a lender who is most understanding of your situation. Have great credit? Our lenders reward your good credit with great rates.

For selected areas of Mexico we offer the following U.S. Dollar Denominated Mortgage Loans for U.S. & Mexican Citizens:

30 year (3 year fixed, then adjustable @ LIBOR +4.5%) 7.99%
Loan value up to 70% of purchase price.
Minimum Loan Amount: $100,000 USD
Maximum Loan Amount: $5,000,000 USD

Qualifications:

Minimum FICO score 680
Origination Fee 3%
Prepayment penalty 2%
Maximum Debt to Total Income Ratio (DTI) 40% en

New! U.S. Rate for USA Citizens
7.9% - 30% Down - 10, 15 & 30 YEAR LOANS

New! Peso Loan for USA Citizens
20% Down - 11.99% 10, 15 and 20 YEARS
which includes 3 insurances.

30% down construction to perm loans.
8.5% Fixed for 20 YEARS
Pre- pay comes off after 3 years.

*These loans require a loan service fee of $50 USD per month.

We hope to offer U.S. and Mexican Peso loans for Canadian & British citizens in the near future.

New guidelines!
Only 25% down, or 75% LTV*
Loan amounts to $5 million
30 year terms
3 different ways to qualify!

Description
GEOGRAPHICAL REGIONS:	PUERTO VALLARTA, CANCUN, SAN FILIPE, MAZATLAN, ROSARITO, LOS CABOS, LA PAZ, ACAPULCO, GUADALAJARA, ENSENADA, PUERTO PEÑASCO (ROCKY POINT), SAN JOSE, IXTAPA, CHAPALA, LORETO BAY, PLAYA DEL CARMEN, LOS BARILLES, SAN MIGUEL
TERM:	20 OR 30 YR TERM
RATES:	3/27 & 5/25 YR ADJ. STARTING RATE FROM 7.99%
CAP:	+4.5 %
ORIGINATION FEE	Please inquire
MAX LTV	75 %
MAX LOAN AMOUNT	$5 MM

Cross Border Guidelines

Property Type Min FICO Max LTV Max Loan Amt
Primary Residence & 2nd Homes	680	75%	Up to $5,000,000

Financing:	• Purchase. • Refinance. * Call for custom construction loan
Rate Caps	• The loan is subject to interest rate adjustments (up or down) after the initial fixed period. The adjusted interest rate may never be greater than the note rate +5%. • The loan can never adjust lower than the margin.
Doc Types	• 3 DIFFERENT WAYS TO QUALIFY - Full Doc = 2 yrs tax returns, paystubs, 2 mos bank statements - Alt Doc = 24 mos bank statements (can use personal or business) or - Asset Based = show liquid assets of 2.5x requested loan amount
Property Types	• Single family residences, Planned unit developements, and condos • Primary residence and second homes
Geographic Regions	• Generally, the property must be in a metropolitan area or well established vacation destination. If you don't see your location listed above, please inquire. We're adding new locations all the time!
Underwriting	• Underwriting Guidelines apply unless noted differently within guideline matrix. • Available for US Citizens and Resident Aliens with qualifying credit.
Ratios:	• Maximum DTI (Debt to Income) 45% • Maximum PTI (Payment to Income) 40%
Credit Criteria	• Minimum 680 middle FICO credit score • No Bankruptcy, Foreclosures in the past 7 years (if beyond 7 years, must have re-established good credit with minimum of 3 trade lines). • No outstanding judgments or credit accounts (medical judgments can be reviewed on an exception basis) • No 30-day mortgage lates in last 12 months. • 60-day mortgage lates not permitted. • All mortgage and consumer credit accounts must be current at the time of closing and any derogatory credit must have a reasonable explanation. • First time homebuyers require a 12-month rental history with no 30-day late occurances.
Employment	• Available for wage earners, self-employed or commission-earning employees. • Must be employed for a minimum of 2 years in the same business • Must be commissioned with same employer for a minimum of 2 years. • All self-employed borrowers must provide verification of business operation through CPA letter or current and prior year business license required. • For commission-earning employees, greater than 50% of income must be generated from commissions. • If bonus income is also received, it will count toward the commission requirement
Income	• Borrower may be required to sign a 4506 • Borrower’s income is calculated from last two years tax returns or W-2 stubs. • The income must be reasonable for the business profession, for the assets reported, and for the type and length of employment.
Assets and Reserves	• Down Payment, Closing Costs, Prepays, and Reserves • Funds for down payment, closing costs and 4 to 8 months PITI must be verified by VOD or 2 months statements
Seller Contributions	• Allowed up to 3%
Construction Loans	• Not available for this program, but please call for custom quote.
Prepayment Penalties	• Prepayment penalty applies for the first 3 years @ 3% of the prepaid amount. Buy-out permitted for 2% upfront fee.

Commercial Loans 1M -20M

US and Mexico Mortgage

Call us now at 1-888-909-6570 ext . 2 or Contact Us online.

We’ll show you how quick and easy it is to get started.

Mexico financing, Mexico loans, Mexico mortgage,Mexico mortgages,Mexico, mexico mortgage loans, mexico financing, mexico mortgage loan, GE Money, mortgage in mexico, Cancun, Puerto Vallarta,Playa del Carmen,Cabos san Lucas