At Simply Approved Mortgages, we’re proud to offer Mexico mortgage financing to Americans looking to buy or refinance a residential property in Mexico—whether it’s a second home, rental property, or vacation getaway.
This unique program is powered through our exclusive partnership with Citadel Mortgages and allows U.S. clients to access simple, fast financing—in Canadian dollars—with flexible qualifying and full support.
💰 Up to $500,000 CAD mortgage amount
🏠 Max purchase price: $1,000,000 CAD
🔻 Only 30% down payment required
📈 Fixed rates starting at 11.90%
🗓 30-year amortization options
✅ Rental income can be used to qualify
🔁 Purchase or refinance a Mexico property
🔐 No mortgage or life insurance required
❌ No prepayment penalties
💱 Loans funded in Canadian dollars – currency exchange handled for you
✔️ Transparent lender fee: 2.5% (minimum $4,000 CAD)
✔️ Brokerage fee: 2.5% (minimum $4,000 CAD)
Disclaimer: Advertised rates and fees depend on borrower qualifications and market fluctuations.
Single-family homes
Townhouses
Condos
✅ Pre-sale condos allowed (funding occurs once title is finalized)
❌ No commercial or mixed-use properties
Disclaimer: Simply Approved Mortgages complies with all state and federal licensing requirements that we are licensed in.
This program is designed for U.S. citizens with:
A valid U.S. ID or passport
Proven income (job, business, or rental income)
Acceptable credit and DTI ratios (max 50% DTI)
A minimum 660 credit score
Proof of down payment funds
Interest in purchasing or refinancing a residential property in Mexico
In Mexico, if a property is located in the restricted zone, a non-resident foreign national has to own their property through a Bank Trust or Fideicomiso. The restricted zone is any land located within 50km (about 30 miles) from the coastline or 100km (about 62 miles) of any of Mexico’s international borders. Property that is financed is held in a Guaranty Bank Trust.
Gather Documentation:
Get Approved:
Your Mortgage Journey Starts Here:
Close Your Loan:
To get started, you’ll need:
Completed loan application
Credit report
Proof of income (bank statements, employment letter, etc.)
Executed offer to purchase (if applicable)
Appraisal (may take up to 4 weeks)
Copy of ID or passport
Additional documents depending on your situation
The typical timeline to fund a Mexico mortgage for Americans is 4–7 weeks, depending on how quickly documents are submitted and legal/title steps are completed.
📝 Pre-approval within 24 hours
🔒 Conditional approval after review
⚖️ Mortgage docs handled by legal team
💰 Funding after all conditions are met
With our industry-leading 1.5% fee, compared to the standard 2.75%, we save you thousands while offering competitive rates tailored to your needs. Learn More.
Our team of seasoned professionals is dedicated to simplifying the mortgage process, providing personalized solutions, and ensuring you feel confident every step of the way.
We prioritize honesty and clarity. From disclosing every detail upfront to ensuring no hidden surprises, we build trust through our commitment to your financial success.
Quickly see what your mortgage will cost based on the purchase price, down payment, and loan term.
All calculations are in Canadian dollars with currency exchange handled—perfect for accurate planning. This is a big savings for you!
Know your budget before applying and understand how much you can borrow based on current program guidelines.
Yes. Through our partnership with Citadel Mortgages, U.S. citizens can finance the purchase or refinance of a residential property in Mexico. The mortgage is issued in Canadian dollars with flexible terms and simple qualification steps.
You’ll need a minimum of 30% down based on the property’s purchase price or appraised value. This applies to both purchase and refinance transactions.
Eligible property types include:
Residential homes
Townhouses
Condos
Pre-construction condos (note: title must be finalized before funding)
Commercial or mixed-use properties are not eligible.
No. You do not need Mexican credit or a Mexican bank account. All lending is done through a Canadian-based institution, and all transactions are handled by a cross-border legal and banking team.
On average, the full process takes 4 to 7 weeks from application to funding, depending on how quickly documents are provided and the property’s legal/title readiness. You’ll receive conditional approval within 24 hours of submitting your complete application.
Simply Approved Mortgages: Flexible Loan Options for Mortgages in Mexico
At Simply Approved Mortgages, we understand the unique needs of property investors and clients looking to buy or refinance in Mexico. Our tailored loan programs offer flexible terms and competitive rates to help you secure the financing you need. Check out our loan details below to find the best fit for your mortgage journey goals.
| Term | 1-5 Years |
|---|---|
| Loan Amount | Up to $500,000 CAD mortgage amount |
| LTV (Loan-to-Value) | Up to 70% |
| LTV Cashout | Up to 70% |
| Property Types | Non-Owner Occupied & Vacation Homes & Owner Occupied. |
| Single Family Residential | |
| Condo/Townhome | |
| Pre-sale condos allowed (funding occurs once title is finalized) | |
Short-Term Rentals Okay |
Ready to Get Started?
Whether you’re looking to expand your portfolio or make your first investment, buy a vacation home or own a home in Mexico, Simply Approved Mortgages is here to help. Reach out today to learn more about our loan options and how we can assist you in achieving your mortgage journey goals.
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
In today’s fluctuating economy, Canadian homeowners are increasingly looking at refinancing their mortgages
The Mexico Mortgage Program offered through this page is a referral-based service provided in partnership with Citadel Mortgages, a licensed mortgage brokerage in Canada.
Simply Approved Mortgages LLC does not directly offer, process, or fund these mortgage loans. All applications, underwriting, legal documentation, and client communications related to the Mexico Mortgage Program are handled solely by Citadel Mortgages, in accordance with Canadian mortgage lending regulations.
There is no compensation, commission, or referral fee paid to Simply Approved Mortgages LLC for this program. This referral is provided purely as a resource to assist clients seeking financing options for purchasing or refinancing residential properties in Mexico.
Clients who proceed with this mortgage product will enter into a direct relationship with Citadel Mortgages and are subject to their terms, conditions, privacy policy, and licensing standards.
Unlocking the American Dream, One Home at a Time
NMLS# 2620881 | NMLS Consumer Access Record