Mortgage loans for real estate purchases in Cabo
Are there loans for Americans in Cabo? It is one of the most frequent questions I run into when helping my clients purchase real estate in Cabo is regarding financing options. For years loans have been non-existent or crazy expensive.
Enter Intercam, my favorite bank in Cabo with branches in both San Jose del Cabo, at Plaza Pescador, and Cabo San Lucas, at the Puerto Paraiso mall. I personally have accounts with them and the service is spectacular. Currency exchange from peso to dollar and vice versa can be done easily by email. Wire transfers to the US are no hassle and are inexpensive. And now, Americans and Canadians can qualify for loans with terms up to 20 years and very competitive rates to purchase real estate in Cabo
The Dream Loan
Mortgage Loan Cabo Terms
- Currency: US Dollar.
- Nationality: USA or Canadian citizens.
- Immigration status: temporary, permanent or no residency.
- Minimum property value: $350,000 USD.
- Loan-to-value: up to 60% of the appraisal value (risk adjusted).
- Loan length: 1 to 20 years (risk adjusted).
- Variable rate: defined according to credit profile and market conditions.
- Fees: underwriting , closing and origination.
- Benefits: no prepayment penalty, interest is calculated on the unpaid balance, some closing costs can be financed.
Full disclosure: This is not a paid promotion nor do I benefit financially from sharing this information besides when my clients use the program to purchase their Cabo vacation dream home from me. If you would like to work together please contact me here.
