Mortgage (Hipoteca)ee-poh-TEH-kah
A mortgage (hipoteca) is a real security interest over property that remains in the borrower's possession, giving the lender the right to foreclose and be paid from the property's value if the loan defaults, as defined in Federal Civil Code Article 2893.
By Daniel Ortega · Last reviewed 14 November 2026
How it works
Foreign buyers in Mexico can obtain mortgages, though most pay cash. Mexican banks offer peso mortgages at 10-13 percent with 50-65 percent down payment, typically requiring residency and local income. Cross-border lenders offer USD mortgages at 7-10 percent rates with 60-75 percent loan-to-value, available to non-residents; lenders include MoXi, MEXLend and Intercam. Developer financing for pre-construction typically requires 30-50 percent down in installments during construction, often at 0 percent interest, with post-delivery terms of 6-8 percent if extended. The mortgage must be registered at the Registro Público de la Propiedad to be effective against third parties. In Quintana Roo's restricted zone, the mortgage encumbers the fideicomiso beneficiary rights, not direct title. Financed closings take 60-90 days versus 30-45 for cash.