Cabo San Lucas is a dream destination for many looking to invest in real estate. Whether you're considering a luxurious beachfront villa or a cozy condo, the allure of Cabo’s stunning landscapes and vibrant lifestyle makes it a top choice for property investment. But if you’re a non-Mexican buyer, the process of securing financing can feel a bit unfamiliar. Fortunately, with the right guidance and information, financing your dream property in Cabo is entirely achievable.

In partnership with Intercam, a leading bank in Mexico specializing in services for non-Mexican buyers, we’ve created a guide to help you navigate the process of securing financing for your real estate investment. Read on to learn the key steps, from the application process to the importance of a bank trust (fideicomiso), and make your journey to owning property in Cabo seamless and stress-free.

Step 1: How to Apply for Financing in Cabo

The first step in securing financing for your Cabo property is understanding the application process. As a non-Mexican buyer, you’ll need to provide specific documentation, including proof of income, a valid passport, and possibly a credit report from your home country. With Intercam by your side, their team of experts will guide you through the required paperwork and streamline the application process.

Intercam specializes in assisting non-Mexican buyers and will ensure that all your documents are in order, minimizing delays and ensuring a smooth start to your financing journey.

Step 2: Prequalification – Getting Ready for Your Investment

Before submitting your application, it's essential to prequalify. Prequalification gives you a clear understanding of how much financing you’re eligible for, allowing you to focus on properties within your budget. At Intercam, their prequalification process is tailored to non-Mexican buyers, taking into account factors like your income, financial stability, and credit history.

By prequalifying, you'll gain transparency on interest rates, loan terms, and repayment options, giving you confidence as you search for your dream property.

Step 3: How Financing Works for Non-Mexican Buyers

Financing real estate in Mexico, particularly in Cabo San Lucas, differs from what you may be familiar with. Loan terms are often shorter, and interest rates can be higher, but Intercam offers competitive solutions designed for non-Mexican buyers.

Their team works to secure the best terms for your loan and guide you through the steps, from submitting your application to receiving loan approval. With Intercam, the process is efficient and transparent, allowing you to focus on property ownership

Step 4: The Importance of a Bank Trust (Fideicomiso)

If you’re purchasing property near the coast in Cabo, you’ll need to establish a bank trust, or fideicomiso. Mexican law requires that properties within 50 kilometers of the coastline be held in a trust, where the bank acts as the trustee while you retain all rights to the property.

The fideicomiso ensures that your ownership is secure and allows you the flexibility to sell, lease, or pass the property on to heirs. Intercam can assist you in setting up the fideicomiso, ensuring all legal steps are completed efficiently.

Expert Tips for Non-Mexican Buyers

Here are a few expert tips from Intercam for non-Mexican buyers looking to secure financing in Cabo:

Start Early: Begin gathering documentation and start the financing process ahead of time.
Stay Organized: Keep your financial records, identification, and required documents in one place to avoid delays.
Work with Experts: Partner with professionals who understand financing for non-Mexican buyers, like the team at Intercam.

Conclusion:
Securing financing for your dream property in Cabo is possible and straightforward with the right support. In partnership with Intercam, we’re committed to helping you every step of the way, from prequalification to setting up the bank trust. If you’re ready to take the next step toward owning your piece of paradise, reach out for personalized assistance.

For more information or personalized advice, contact me at 624-113-3352, email [email protected], or visit www.jorgesellscabo.com.