WE LIVE HERE….SO CAN YOU!
And now financing your purchase is easier than you may have thought! Los Cabos Financing for Foreigners is available as of 2021.
And YES; you will have title to your property, held by a mexican bank because you’re a foreigner, just as you would in the USA or Canada. The difference is; your stated beneficiaries are named on your bank Trust, just as in a family trust up north. This provides almost immediate transfer of title should anything happen to you before your 50 year renewable trust expires.
When we speak of buying property in Mexico as a foreigner, you’ll always hear us refer to that purchase as CASH. That’s because here, in the Cabo San Lucas (Los Cabos) area in Baja Sur, MX, your purchase funds are held by a third party closing/escrow company, and distributed to the seller AS cash at closing.
Many foreign buyers of mexican property obtain their funds through refinancing of their residence ‘back home’.
As of 2021, Los Cabos Financing for Foreigners is available here for pre-qualified buyers to obtain financing locally. We highly recommend looking into that option, but in addition, there are other options locally as well. Private funding partners, as well as the new Intercam Dream Home funding program.
You may already know of Intercam Bank, as they’re an international funding/investment bank, available in most countries around the world. They now offer financing for your Los Cabos purchase, and welcome you to contact their mortgage division for more detailed information than we can provide here:
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