Hola!  

Congratulations on taking the first step toward smart Mexico homeownership! Your loan application has been submitted and we’re excited to help you get going.

*Be sure to check your email for important information and next-steps, this email will provide some much-needed context going forward*

We’re passionate about helping our US Citizen clients finance (or refinance) their dream properties across Mexico. We're excited to walk you step-by-step through this process!

Our team is preparing to review your online application. Upon review, we will meet for a brief discussion to confirm the details of your submission, answer any questions you might have, and discuss the next steps toward your credit approval. 

You may be curious about the numbers and details. You’ll find some valuable information summarized in our e-brochure – but we’ve also included a brief overview of MoXi’s current offerings to US Citizens seeking to finance or refinance in Mexico below: 
 

General: 

• Loans are originated and serviced in US Dollars; this is a powerful combination 
• Purchase, rate & term refinance, and cash-out refinance mortgages 
• No Prepayment Penalty & No Balloon Payments 

Loan Product Highlights: 

• 15-30 year fixed rate, fully amortized mortgage terms 
• Maximum 65% Loan to Value (35% down required) / 80% Combined Loan to Value  
• Minimum 700 Credit Score (US FICO Score) 

Program & Pricing Highlights: 

• Minimum/Maximum Loan Size: $250,000 USD / $2,500,000 USD (with some location-based exceptions)  

• For more info on fees, costs, and charges see our comprehensive Mexico Real Estate 101 letter; as a regulated financial institution, MoXi’s published fee schedule applies to all clients and is non-negotiable 
• The rate you pay will be based on your credit score, the loan to value, and your loan size. Your dedicated Global Mortgage Advisor will be providing you with more details specific to your scenario

• Selected term length does not impact interest rate; as such, many clients opt for the payment flexibility associated with our 25-year term option

• Mortgage interest is reported in the United States for potential tax deductibility (consult your CPA) 

You'll be glad to know that MoXi is a fully licensed and accredited banking entity in Mexico and the United States. Transparency is a core operating principle at MoXi, and we take the time to educate our clients on the entire loan process in Mexico, ensuring a feeling of comfort as we navigate the transaction together. Our mortgages are NOT exotic but we believe that your Mexico homeownership experience should be: we do not cut corners, gloss over details, or otherwise compromise when it concerns quality and the security of your international homeownership experience. 

What’s next? When we speak, we’ll discuss the following: 

• For purchase applications, have you already or will you soon be in contract on a specific property? If so, we’ll want to know all about it to get you moving as effortlessly as possible
• For refinance applications, we’ll discuss the manner in which you currently hold title, what fiduciary bank manages your Fideicomiso, how long ago your original purchase was recorded, and we’ll look to collect property documents from you such as your signed/stamped escritura. If none of this makes sense to you, don’t worry – I am here to help
• For all applications, we will perform a credit analysis based on the information provided in your application and will request income, credit, and/or asset documents be uploaded to an encrypted online portal. If you want to get a head start, begin locating the following documents: 
• 2 most recent years of US personal federal tax returns – even if you will use bank statement income to qualify, we are required to obtain personal federal tax returns to document US taxpayer status and help you reap the benefits of the US/MX treaty against double taxation (no 16% IVA tax on MoXi fees) 
• 2 years W2s (if applicable); for self-employed borrowers, we’ll require business returns for each entity in which you have ownership interest of 25% or more + a current P&L (unaudited) 
• Asset statements covering at least 60 days (2 months or 1 quarter) for ALL asset accounts 
• Recent paystubs covering at least 30 days of employment (2 most recent paystubs in most cases) 
• Legible color copy of your unexpired US passport and that of any/all co-borrowers 
• If you plan to vest in a US-domiciled trust, LLC, or corporation, a copy of the articles of organization, trust agreement, or corporate resolution(s) 
• Any K-1s, if applicable 
• Finally, we’ll discuss pricing, terms, and payments and get a pre-approval letter out to you - this is where it gets exciting! 

We look forward to welcoming you to our MoXi family, 

-Team MoXi

 
1* For very well-qualified clients, exceptions may be considered by MoXi’s credit committee to exceed the maximum published loan size; reviews for exceptions require a full loan application and all credit related conditions be uploaded for underwriting review 

2* MoXi maintains 3 risk-based FICO/LTV pricing grids where higher loan sizes generally receive our lowest rate: $<=$399,999; $400,000-$999,999; $1M+  

Or Reach Out Directly 

Need Help? Have Questions?

+1 866-509-4657  |  [email protected]

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Carretera Transpeninsular Km 29.5
Plaza Peninsula, Local 5C
Col. La Jolla
San Jose del Cabo, BCS, Mexico
23406