Financing Options | Buying A Home In Puerto Vallarta

Not everybody can afford to buy a dream home in Puerto Vallarta outright.

Fortunately for the rest of us, funding is easily accessible here.

A common question we get down here is, “I’ve been coming down to Puerto Vallarta for years on vacation, and I’d really like to buy something, is financing available in Mexico?”

The short answer to that why yes.

Welcome to this video, in which we will look at financing options for international buyers of property in Mexico.

Financing Options | Buying A Home In Puerto Vallarta

Before we begin, there are a few things to consider:

  1. Financing for property purchases in Puerto Vallarta or elsewhere in Mexico is not accessible from US or Canadian banks.

  2. Second, financing is usually only available for resale property rather than pre-construction.

Let’s take a look at the various financing options available for buying a home.

There are three methods available: 

  1. Private brokers who provide services to international buyers in the Mexican market.

  2. Financing is obtained directly from a Mexican bank.

  3. Use of seller financing, also known as carryback financing. Please keep in mind that this option is only available if the seller of the property you’re interested in agrees to it.

Let’s take a closer look at these three choices, starting with the first.


Borrowing through a private broker is similar in several aspects to obtaining funding in the United States and Canada. The benefit of this approach is that the broker manages all transactions with the Mexican bank that provides the actual funds. It is worth noting that taking out a mortgage through this process does not necessarily require any formal relations to Mexico.

To get started you just need your passport and your tourist visa. the broker may assist you in setting up a Mexican bank account which once the transaction is complete you’ll use to make payments on the loan to get the mortgage.

You’ll need to pre-qualify by providing the lender with recent tax returns bank statements pay stubs and credit history from your home country and you’ll need to show that you have enough funds upfront to cover the down payment and closing costs which can be up to 40 percent of the sales price you’ll also need to be able to purchase life insurance from a Mexican insurer and depending on the value of the loan you may need to pass a health examination interest rates and the term of the loan can vary and should be discussed with the broker when you apply for the loan all in all using a private broker for financing is a good way to go especially if you’re new to Mexico and not already accustomed to doing business with Mexican banks.


Borrowing directly from a Mexican bank is the next choice we’ll look at. This is usually a three to four-month process that allows you to have the following documentation:

  1. Three months of historical Mexican bank statements demonstrating sufficient monthly deposits to cover your payments.

  2. Temporary or permanent residency immigration card

  3. Current Mexican tax number known as an RFC

  4. Current medical certificate showing the applicant’s good health, which would enable you to buy life insurance. 

  5. Email verification 

  6. Six months of bank accounts from a foreign country.

  7. A high-quality credit report from a credit provider headquartered in the United States.


The final form of financing available is seller financing, also known as seller carry back. In this option, a loan agreement is established between the buyer and the seller, and at the time of closing, the buyer takes possession of the property and then repays the seller in accordance with the loan agreement he or she will have all the rights of ownership of the property.

If the loan is for a pre-construction home, you normally pay off the loan during the construction phase and the remaining 10% upon delivery of the property.

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