Financing Options When Buying Property in Mexico (Video)

When it comes to buying property in Mexico, cash is king but not everyone has the financial means to drop a couple of hundred grand on a property in Mexico. In this video, I discuss some other popular options for financing your dream home south of the border.

Well that’s it for today. Hasta Luego.

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About the Author

Qroo Paul
Paul Kurtzweil (Q-Roo Paul) was a deputy sheriff in Florida for 25 years before retiring at the rank of lieutenant in 2015. He and his wife moved to Mexico looking to maximize their retirement income. They later started a blog called Two Expats Mexico ( to share their experiences as well as information about the logistical and legal aspects of retiring south of the border.

6 Comments on "Financing Options When Buying Property in Mexico (Video)"

  1. For most people refinancing their homes in the US or Canada is the best way to buy a Mexican property for cash. Use an escrow company for the down payment or risk your money being lost. Don’t use Cross Border financing. It’s a rip off! Other than that, enjoy. It’s a wonderful country.

  2. David Paul Martin | February 22, 2021 at 8:57 am |

    Awesome sight, I just discovered it. Thank you!

    I explored all of the options listed in the video, and ended up searching for current owners, who were willing to owner finance (not developers). It severely limited my pool of properties available, and I would not recommend doing it without an experienced real estate agent who has brokered similar deals in the past. There is some risk, the trust/title will not be put in my name until I pay off the property. My legal standing for disputes is based on a notarized finance contract. Still, I thought the risk was worth it. (oh, just remembered that the realtor told me there was a stronger legal option that would have added more money to the process). The note is for 5 years, I think I can pay it off in 3 if I am aggressive with extra payments. I will also look into obtaining a personal loan for the balance after a year of payments.

  3. We are building a home here in Oaxaca and we are using our US home sale funds to pay for the construction. Contractually we are required to make monthly payments based on the stages of completion. This arrangement with a reputable architect and builder is the best, since as you mentioned, cash is king here. My Scott ancestry prevents me from paying exorbitant usury interest fees.

    However we encounter a problem this month completing a wire transfer to the builder. We have used TransferWise without incident for transfers exceeding $10k US. But this month the transfer was denied twice by TransferWise’s new international bank partner Visa (Europort). They requested a handful of supporting documents for origin of funds, bank statements and invoices from the builder which we provided. Still they would not complete the transfer to our recipients bank. I suppose it may be extra scrutiny for money laundering but I never received an acceptable explanation from TW. I ended up transferring the money using OFX without any problem. This may have been a beneficial issue for us because I noticed a small reduction in cost using OFX.

  4. I used OFX to transfer funds for the total cost of my house and my new car. It was a great company to deal with. I would highly recommend thrm..

  5. Eduardo A. Brito | February 22, 2021 at 11:41 am |

    Very, very helpful. Thank you.

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