Buying · Puerto Morelos
Buying with a loan
Mexican bank, US-dollar lender or developer plan: who lends, to whom and at what cost.
Last reviewed: Oct 14, 2026 · General information, not legal advice: check it with a notary.
Mexican banks
You need to live here
Banks lend to foreigners with temporary or permanent residency, a tax ID (RFC) and provable income. BBVA says it plainly: if you live in Mexico, “seas extranjero o mexicano”.[1]
2026 rates
In August 2026 the Bank of Mexico measured fixed rates from 9 to 21% (average 11.3%) and an average total cost (CAT) of 13.8% for a standard 15-year loan.[2]
Term and down payment
BBVA lends over 5, 10, 15 or 20 years and up to 95% of the value. We couldn’t confirm that cap applies to a foreigner buying through a trust: ask.[1]
Compare the CAT
It adds up rate, fees and insurance: it’s the number for comparing two offers.[2]
US-dollar loans
From the US
MoXi (formerly Global Mortgage) lends US citizens and green-card holders up to 65% of the value, on homes from about 350,000 USD, for up to 30 years, in the Riviera Maya.[3]
Brokers
MEXLend finds the loan, it doesn’t lend. In 2024 it mentioned 30% down payments and dollar rates about one point above US rates.[4]
Developer plans
Paying during construction
In pre-sales a down payment, installments during the build and the balance at delivery are common. There’s no reliable public data on rates or terms: compare with the cash price.[5]
What they must give you in writing
The NOM-247 rule requires home sellers to disclose the total price, payment schedule, rate, total cost and fees, and to register their contract with Profeco.[5]
Frequently asked questions
- Can a foreigner get a mortgage in Mexico?
- Yes, if they live in Mexico with a residency card, have a tax ID (RFC) and provable income. Without residency, the usual option is a US-dollar lender.
- What are mortgage rates in Mexico in 2026?
- In August 2026 the average fixed rate measured by the Bank of Mexico was 11.3% and the average total cost (CAT) 13.8%, with wide gaps between banks.
- Can I use Infonavit to buy in Puerto Morelos?
- Only if you work in formal employment registered with the IMSS.
Sources
- 1.BBVA México. Hipoteca Fija (consultada el 14 oct. 2026)
- 2.Banco de México. Indicador del costo de créditos hipotecarios, cuadro CF303 (ago. 2026)
- 3.MoXi (Global Mortgage). About
- 4.MEXLend. FAQs (20 jun. 2024)
- 5.Secretaría de Economía. NOM-247-SE-2021: información comercial, publicidad y contratos de inmuebles para casa habitación