Financing
Financing in Los Cabos, México.
Imagine buying your dream home. Connect with a lender to help you make it happen.
Intercam Mortgage is a fully licensed and accredited lending institution in Mexico.
Mortgage closing cost calculator per Property
Exchange rates and fees may vary the values shown
| Mortgage Estimate Closing Cost Calculator | Number 22,23 and 25 | are optional | |
|---|---|---|---|
| Minimum Property Value $250,000 USD | |||
| 1.-Property Value (in US Dollars):$ | 449500 | Property Value $ | 449500 |
| 2.-Loan Amount(in US Dollars):$ | 292175 | Dream Loan$ | 11078.46 |
| 3.-Down Payment (in US Dollars):$ | 157325 | Government$ | 18556.1862 |
| 4.-Loan Origination Fee (2%of the loan Amount)Tax included | 6778.4600 | Trust$ | 1508 |
| 5.-Closing Service Attorney Fees Tax included $ | 2500 | Property related services $ | 5832.0716 |
| 6.-Underwriting Fees | 1800 | Extras $ | 977.44 |
| 7.-Notary Fee: $ | 4904.045 | Total Closing Cost $ | 37952.1578 |
| 8.-Cadastral Appraisal Fee: $ | 663.54 | Down Payment | 157325 |
| 9.-Application & Permit Fee: $ | 1205.13 | Total Payment required | 195277.1578 |
| 10.-Acquisition Tax: $ | 8990 | ||
| 11.-Public Registration: $ | 2667.5712 | ||
| 12.-Cadastral manifestaion | 5.90 | ||
| 13.-Certificate – No Liens: $ | 80 | ||
| 14.-Certificate – Property Tax: $ | 20 | ||
| 15.-Certificate – No Water debt: $ | 20 | ||
| 16.-Fiduciary Acceptance Fee: $ | 1044 | ||
| 17.-Fiduciary First Annual Fee: $ | 464 | ||
| 18.-Commercial Appraisal Fee: $ | 782.1316 | ||
| 19.-Title Insurance Optional: $ | 3649.94 | ||
| 20.-Escrow fee $ | 650 | ||
| 21.-Title search Mandatory $ | 750 | ||
| 22.-Limited Power of attorney if apply $ | 150 | ||
| 23.-Home inspection Optional $ | 400 | ||
| 24.-Foreign Investment Registration: $ | 297.44 | ||
| 25.-Certifications and / or Ratifications if apply $ | 130 | ||
| Length of Loan 25 years | |||
| Fixed Interest Rate 7% to 9% depending of the results of the pre-qualification | |||
| Number 22, 23 and 25 are Optional | (Values are in US Dollars) |
| Mortgage Estimate Closing Cost Calculator | |
|---|---|
| Minimum Property Value $250,000 USD | |
| 1.-Property Value (in US Dollars):$ | 449500 |
| 2.-Loan Amount(in US Dollars):$ | 292175 |
| 3.-Down Payment (in US Dollars):$ | 157325 |
| 4.-Loan Origination Fee(2%of the loan Amount)Tax included | 6778.4600 |
| 5.-Closing Service Attorney Fees Tax included $ | 2500 |
| 6.-Underwriting Fees $ | 1800 |
| 7.-Notary Fee: $ | 4904.045 |
| 8.-Cadastral Appraisal Fee: $ | 663.54 |
| 9.-Application & Permit Fee: $ | 1205.13 |
| 10.-Acquisition Tax: $ | 8990 |
| 11.-Public Registration: $ | 2667.5712 |
| 12.-Cadastral manifestaion | 5.90 |
| 13.-Certificate – No Liens: $ | 80 |
| 14.-Certificate – Property Tax: $ | 20 |
| 15.-Certificate – No Water debt: $ | 20 |
| 16.-Fiduciary Acceptance Fee: $ | 1044 |
| 17.-Fiduciary First Annual Fee: $ | 464 |
| 18.-Commercial Apprasial Fee $ | 782.1316 |
| 19.-Title Insurance Optional: $ | 3649.94 |
| 20.-Escrow fee $ | 650 |
| 21.-Title Search Mandatory $ | 750 |
| 22.-Limited Power of attorney if apply $ | 150 |
| 23.-Home inspection Optional $ | 400 |
| 24.-Foreign Investment Registration: $ | 297.44 |
| 25.-Certifications and / or Ratifications if apply $ | 130 |
| Property Value $ | 449500 |
| Dream Loan$ | 11078.46 |
| Government$ | 18556.1862 |
| Trust$ | 1508 |
| Property related services$ | 5832.0716 |
| Extras$ | 977.44 |
| Total Closing Cost | 37952.1578 |
| Down Payment $ | 157325 |
| Total Payment required | 195277.1578 |
| Length of Loan 25 years | |
| Fixed Interest Rate 7% to 9% depending of the result of the pre-qualification | |
| (Values are in US Dollars) | |
| Number 22, 23 and 25 are Optional |
WHAT IS THE DREAM LOAN?
At lntercam, we understand that sometimes a change in scenery is necessary.
That’s why we created the Dream Loan, a home loan For citizens like you, that come from the U.S. and Canada looking to buy a house in Los Cabos or Puerto Vallarta, two of the prettiest beaches in Mexico.
As a one-stop banking experience, we’II be by your side from the moment you get in touch with us, until you get the keys to your dream property.
Conditions
- Age plus term mucbe less than 85 years
- Property title with Public Registry Information(RPP)-Totally Finish Property
- Appraisal with valuation unit provided by Intercam Banco
- Title report & Title insurance
- Guarantee & restricted zone trust with Intercam Fiduciario
- Life and Home insurance
- Checking account (USD) with Intercam Banco/International
- Payment throught :ACH,Transfer
TERMS
Currency: US Dollar.
Nationality: USA or Canadian citizens.
Immigration status: temporary, permanent or no residency.
Minimum property value: $250,000 USD.
Loan-to-value: up to 65% of the appraisal value (risk adjusted).
Loan length: l to 25 years (risk adjusted).
Fixed 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, a One-stop banking experience.
Subject to change according to market conditions.
Required Documents
| Borrower/Co-Borrower | Temporary or Permanent | Without Residence | Passport #1#2 | Yes | Yes |
|---|---|---|
| Residence Card /Immigrante form (INM)1,2 | Yes | Yes |
| Marriage certificate (if applicable) | Yes | Yes |
| Proof of Residency (home Country) | Yes | Yes |
| Proof of Residency (Mexico) | Yes | |
| RFC and CURP #1#2 | Yes | |
| SSN/SIN 1 | Yes | Yes |
| Financial/ Bank Statement (6 months)1 | Yes | Yes |
| Tax Return ( 3 Years)#1 | Yes | Yes |
| Power of the attorney (if applicable) #1 | Yes | Yes |
| Administrative Formats #1 #3 | Yes | Yes |
| Credit report & Score (home country)1 | Yes | Yes |
