Financing! Mortgages for US and Canadian citizens.
LOAN CHARACTERISTICS
- Loans to buy a condo, home or a residential lot,
- Mortgage loans in USD
- Minimum loan amount: $100,000 USD.
- Maximum LTV : 80% Minimum credit Score 680
- Maximum LTV for lots 70% Minimum credit score 700
- Cash out (refinance) loans available for the property you already owned in Mexico maximum LTV 50% Minimum credit score 720
- Terms: 15, 20, 25 & 30 years. (For lots 15 years term only)
- Three interest rates program.
- Fixed interest rate
- ARM rate program 3/1. (Fixed interest rate for first 3 years, and adjustable for the rest of the term)
- ARM rate program 5/1. (Fixed interest rate for the first 5 years, and adjustable for the rest of the term)
- Prepayment penalty 2-1-0 (2% during the first year, 1% during the second year, 0% thereafter
- Formalizing through a Trust
Required documentation from client
1.- Signed Application
2.- Picture ID (Passport and Driver License)
3.- 2 years signed tax returns with all schedules and W2 forms
4.- Most recent pay stubs for a 30 day period
5.- 2 Months of recent bank statements (for all accounts listed on the application
If self employed
1.- Signed Application
2.- Picture ID (Passport and Driver License)
3.- 2 years signed personal tax returns with all schedules
4.- 2 years signed business tax returns
5.- 2 years business ***Financial statements
6.- YTD Interim Financials statement
7.- 2 Months of recent bank statements (for all accounts listed on the application
8.- If you pay the down payment to the developer/seller, we will need Bank statement(s) where it shows the debit from your bank account going to the seller's account. If no money has been given to the developer/seller, please make sure that you include the bank account statement where it shows enough money for the down payment and closing cost.
Samuel Ruiz R
Loan Consultant
HN Bancomer / Compass Bank
PH: (011 52 322) 221-2914 -- 221-3020 -- 221-2513 ext. 12
Cell phone 044-322-182-3290
s.ruizr@bbva.bancomer.com
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