Cabo San Lucas Villas (CSLV) is excited to announce that we can now help our USA clients obtain USA based mortgage loans in Mexico. Our partner Global Mortgage has entered the market and now offers financing to US citizens to facilitate a purchase, refinance or construction loan. Prior to this, Mexico required buyers to pay 100% cash for any property they purchased. Now, CSLV and Global can help you gain access to a new opportunity–and a new chapter in history–for people who wish to buy property in Mexico.
CSLV has a new, dynamic system that allows you to apply for cross-border residential mortgage loans in Mexico. US buyers can obtain long-term, fixed-rate mortgages of up to 15 years and qualify primarily based on US FICO scores. This not only offers you the convenience of making payments on a property in Mexico, it also gives you many additional benefits as well.
This opens a veritable floodgate of opportunity when you consider that previously an investment in a property in Mexico was only possible through a cash purchase. CSLV is more than happy to help you find a new home in Baja that not only represents a luxury destination spot but also is actually yours for the rest of your life!
Should you finance? Financing your purchase always has benefits. We recommend that you do because leveraging your cash can free up opportunities to own multiple properties or to invest otherwise. As an organization familiar with every villa in Los Cabos, we can help you distribute your investments in the best possible homes if you want to invest in more than one property.
CSLV & Global will handle all of the following when you work with us:
You can apply online with our long-form PAM, or you can print out your short-form application and mail, email or fax it to one of our offices.
You will receive a loan organization package with all the necessary documents you need to complete the process.
Our loan-processing department then receives your documents and reviews them within 3 days.
Processing & Obtaining Loans
If additional information is required, our loan processing department will contact you and guide you through the process of submittal.
Commitment Loan Closing & Funding
Once your USA based loan is underwritten, you receive a commitment letter and are assigned an agent to work with you to the completion of the closing process.
CSLV’s has been in tune with the Cabo market for over 25 years and is uniquely positioned to help you find the best properties for you with mortgage loans in Mexico. Our financing solutions are one-of-a-kind, so you can buy the home of your dreams in Mexico and have your own permanent destination spot at your disposal whenever you need to get away.