a) Conventional Credit:

  • 30% Down payment at contract signing.
  • 70% In 12 months without interest.

b) Developer's Credit:

  • 30% Down payment when signing the contract.
  • 20% Within 90 days of signing the contract.
  • 50% In 30 months with 3 points Prime interest.

c) Bank Credit:

  • 20% Down payment when signing the contract.
  • 15% When signing the Bank Credit Contract or with one's own resources.
  • 65% Through Bank Credit.

Bank Credit can be obtained from the bank of your preference and the maximum time for applying for bank credit is 90 days.

d) Cash:
  • 90% Down payment when signing the contract.
  • 10% On receiving property or Deed.
Most frequent questions and answers

Can foreigners own beach property in Mexico?

Mexican law allows foreigners to own Real Estate on or near the beach through a Mexican Bank Trust Fund or "Trust." All land within 30 miles of the Mexican coast and 60 miles of a national border are regulated through the Trust for foreign investors. Mexican banks are the only institutions that can hold and administer the Trust Deed for foreign buyers.

"What is a Mexican "Fideicomiso"?

The Mexican government issues a permit to the Bank of your choice, which allows you to take title or deed of the property. The purchaser will be entitled to the beneficiary's rights. (Most Mexican banks are owned or partnerships with U.S. or European banks). The bank acts as trustee and you are the beneficiary of the Trust. The Administrator only receives instructions of the beneficiary or foreign buyer.

What rights and obligations obtained by the beneficiary?

It gives the beneficiary all the rights to the property, the right to occupy, use, sell, rent and build or improve the property. You may also apply for a Real Estate Mortgage and instruct the Bank to transfer the title to another person or company. You are required to pay property taxes, utilities and condominium maintenance fees, if any, and the annual Trust Administration Fee that varies from bank to bank

What happens to the trust, if I sell my property?

After the sale of a property under a Trust, the Foreign Secretary is required by law to issue a new Trust Permit to the new purchaser. If the property is sold to a Mexican, the trust may be terminated and the property can be acquired directly.

What is the duration of a trust?

The initial term of the Trust is 50 years. It is renewable for an additional period of 50 years, within the last year of each period of 50 years and this may continue indefinitely.

What if the beneficiary dies during the legal period of the Trust?

The beneficiary is entitled to appoint a substitute beneficiary or beneficiaries, to receive all rights and obligations under the Trust. If the beneficiary dies the heirs will not have to follow any legal proceedings before the Mexican courts. They will just give notice to the Trust Bank by showing the death certificate and identification. The Bank will register the heirs as new beneficiaries of the Trust at no cost.

What are the requirements to obtain a Trust?

Our professional staff will guide you along the way. These are the basic requirements:

  • 1. Copy of identification with photo, birth certificate, marriage certificate, visa or tourist permit.
  • 2. Your address, occupation, phone number and e-mail address.
  • 3. Name, nationality, address and telephone number of the alternate payee(s) in case of death.
  • 4.Copy of real estate and tax clearance certificate (by the seller).
  • 5. Agreement of the purchase price.

What costs are involved?

The total cost of obtaining a Trust is between 5% and 6% of the purchase price. This includes the following: A down payment to create the Trust, the obtaining of a permit from the Ministry of Foreign Affairs, the record of the Trust Deed in the National Registry of Foreign Investments, the Bank Value Appraisal and an annual fee for managing Trust and Fiduciary services (Bank).

How long does it take to obtain a Trust?

The Public Notary will take care of the whole procedure; you can obtain the Trust within an average of 30 to 60 days.A Public Notary in Mexico is very different from that in the U.S. As lawyers appointed by the State Government, ONLY THEY are authorized to validate the process and transfer of the property Title or Deed. The resulting document will be recorded in the Public Property Registry.