Financing a home in Queretaro

Last activity 17 February 2019 by mejms

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mejmsActive member17 January 2019 16:37:15

Does anyone have feedback on financing options for purchasing a home, specifically in the Queretaro area? Sold our US home and moving to Queretaro in about a month.

To clarify, I am a Mexican citizen. From the US and became a Mexican citizen while living down there with my wife several years ago.

Thanks for all suggestions.

jamesr3939Serial expat17 January 2019 19:15:27

226

I found this place a few months ago. I haven't followed through as we aren't that close to closing yet.

http://crossborderinvestment.com/index.html

mejmsActive member18 January 2019 15:37:31

Thanks. Will take a look.

jamesr3939Serial expat18 January 2019 21:20:49

226

Report back how they work out.

Pennsylvania2Member05 February 2019 00:04:10

If you are Mexican citizen, you can work with the banks. Bancommer or other Banks offer mortgages. You will have to come up with 20, 10 or 15% down depending of the bank. You will also have to have verifiable income. Your age will play a role in terms of the years of the loan. The older you are the shorter the number of years you have to pay for the mortgage. Older people in Mexico cannot obtain credit unfortunately there is discrimination in this way. Each bank has a different age bracket.
There are also other credit agencies, but I'm not too familiar with them.
Good luck!

mejmsActive member17 February 2019 13:58:14

Thanks. Will consider it, although I know interest rates in Mexico are relatively high.

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