Home financing has finally come to Mexico! And better yet, now there are mortgages available in Merida and the Yucatan Peninsula.

For years, the only way for a foreigner (or a Mexican, for that matter!) to buy property in Mexico was to pay in cash. This has limited the people who have been able to afford to move or to own second homes in Mexico, and it has limited the ability for those people to invest and improve their properties.

Over the last few years, banks and other lenders have been seeing the incredible boom in real estate that has come to Mexico despite this limitation. And now, financing has become available to buy first and second homes in Mexico.

Buying in Mexico is a different process than buying in the US or Canada. But foreigners can and do own property in Mexico. For details about what it takes to own property in Mexico and how it works, please click on the links below:

How to Buy a Property in Mexico

Recent Article about Buying Real Estate in Mexico

Story of an Engineer Who Bought in Merida

Tax Consequences of Owning a Home in Mexico

Frequently Asked (and Answered!) Questions about buying in the Yucatan

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