Financing Your Dream Home in Mexico 

In the past real estate financing in Mexico was almost impossible to obtain. American banks were reluctant to provide mortgage financing on Mexican properties since foreign investors were not allowed to hold legal title to property within 32 miles of Mexico's coastline.

New laws were passed in 1993 that has made it possible for foreigners to acquire real estate in Mexico. Banks are now able to acquire the property and place it in a trust for the sole use and enjoyment of the foreign investor or their beneficiary.

This Bank Trust is called a “ Fideicomiso”, pronounced ( Fee-day-E-Co-Me-So ) it assures foreign buyers of all the rights and privileges to owning property in Mexico. The property that is being held in your Bank Trust is yours. You can choose to remodel, lease, sell at any time or leave it in your estate. The terms of the Bank Trust is usually valid for 50 years and can be renewed in additional 50-year increments. This allows the buyer the opportunity to pass ownership of the property to his or her heirs.

These new laws, in addition to “ The Baby Boomer Market “, have encouraged U.S Banks and Major U.S Companies to invest in Mexico. There are now several U.S Banks and mortgage firms that offer financing to foreign investors.

Our team of experts at Direct 2 Baja  will assist you through every step of the investing process. We can direct you to reputable lenders and legal experts that specialize in Mexican Laws.

Please feel free to contact us by phone ore-mail us information@direct2baja.net

Your Initial FM3 Residence VISA

It is possible to get an FM3 visa before arriving in Mexico at your state’s Mexican Consulate. The FM-3 may be secured at any Mexican Consulate upon the presentation of all of the following:

Note: you need to obtain an FMT (tourist visa) that will protect you for the first six months that you are in Mexico while completing the paper work required for the FM3. You can also get an FMT here in the local Rosarito Immigration Office. After the Mexican Consulate issues your FM3, stop at the San Ysidro (declaration line) so that it is stamped at the port of entry. Then you have 30 days to register in the Rosarito Office. At the Rosarito office you will need to complete a simple application and two more forms that need 2 frontal pictures and 2 right profile pictures. The immigration officer will obtain your finger prints, copies of your rental contract and a utility bill that matches the address on the contract (if rental applies)

 For persons wishing to reside or retire in Mexico.

1. VALID PASSPORT AND ONE PHOTOCOPY of all pages

Passport must have at least 6 months of validity remaining. If person is a legal resident of the U.S., a copy of the front and back of the alien registration card is also required.

2. A LETTER FROM THE BANK THAT PROVES A MINIMUM MONTHLY DEPOSIT OF ($1,200 per single person or $1,800 per couple) minimum is increased per each dependent, OR

COPIES OF YOUR BANK STATEMENTS FOR THE LAST 6 MONTHS THAT PROVES YOUR MONTHLY DEPOSIT COVERS THE AMOUNT STATED ABOVE.

3. 3 BLACK AND WHITE PASSPORT FRONT AND 3 RIGHT PROFILE PHOTOS NO AUTOMATIC MACHINE PHOTOS WILL BE ACCEPTED, NO GLASSES OR JEWELRY

4. 2 COMPLETED APPLICATION FORMS

5. Present all the above documentation and photos to the local immigration office for their review and approval, they will issue a SCHP-5 form

6. TAKE THE ORIGINAL SCHP-5 FORM TO A LOCAL BANK AND PAY THE FM3 FEE OF APPROXIMATELY $100.00 TO 132.00 US DLLS, CASH ONLY, THE BANK WILL STAMP THE FORM AND YOU RETURN IT TO THE IMMIGRATION OFFICE. THIS OFFICE SHOULD ISSUE YOUR VALID FM3 IN ABOUT 3 WEEKS 

You must get in touch with the Mexican Immigration dept. 30 days prior to expiration date to initiate a renewal of your FM3.