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Your Dream Home in Mexico Brought to you by BBVA Compass Bank And BBVA Bancomer.

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Presentation on theme: "Your Dream Home in Mexico Brought to you by BBVA Compass Bank And BBVA Bancomer."— Presentation transcript:

1 Your Dream Home in Mexico Brought to you by BBVA Compass Bank And BBVA Bancomer

2 This loan has been tailored specially for Americans and Canadians residents with income and main residence in either United States or Canada.

3 What can I purchase? Single family home. Single family home. Townhome Townhome Condominium CondominiumLocation Beach or city property

4 Loan qualifications under US credit bureau guidelines Loan qualifications under US credit bureau guidelines Title Search Title Search Appraisal on the property Appraisal on the property Proper documentation to acquire the property legally in Mexico through a Bank Trust (Fideicomiso) Proper documentation to acquire the property legally in Mexico through a Bank Trust (Fideicomiso) What does BBVA Compass Bank and BBVA Bancomer offers?

5 Benefits Personal and professional assistance from our bilingual staff in Mexico or from our Compass Banks loan officers in United States and Canada. Personal and professional assistance from our bilingual staff in Mexico or from our Compass Banks loan officers in United States and Canada. Fixed Rate Loan Program and adjustable rate mortgage. Fixed Rate Loan Program and adjustable rate mortgage.

6 No mortgage broker's fees. No mortgage broker's fees. Easy and fast wire transfers to facilitate payment to Seller. Easy and fast wire transfers to facilitate payment to Seller.

7 Types of Loans Fixed Rate Loan Program. Fixed Rate Loan Program. Fixed Rate loan during the first 3 years and adjustable rate program on the remaining years. Fixed Rate loan during the first 3 years and adjustable rate program on the remaining years. Fixed Rate loan during the first 5 years and adjustable rate program on the remaining years. Fixed Rate loan during the first 5 years and adjustable rate program on the remaining years.

8 Loan Description Loans are in American Dollar Loans are in American Dollar Minimum loan amount of $100,000 USD Minimum loan amount of $100,000 USD Loan period: 15, 20, 25 and 30 years Loan period: 15, 20, 25 and 30 years Interest rate will be determined according with credit history. Interest rate will be determined according with credit history. Legal documentation to create a Bank Trust (Fideicomiso) Legal documentation to create a Bank Trust (Fideicomiso)

9 Prepayment penalties: 2% on the first year, 1% on the second and no penalties starting the third year. Prepayment penalties: 2% on the first year, 1% on the second and no penalties starting the third year.

10 Who qualify? FICO score 680 points FICO score 680 points To be at least 18 years of age To be at least 18 years of age Have an income and main residence either in United States or Canada. Have an income and main residence either in United States or Canada.

11 Requirements Signed application Signed application Copy of passport or driver's license Copy of passport or driver's license Income tax return for the past 2 years, including W2 forms or 1099 Income tax return for the past 2 years, including W2 forms or 1099 Payroll checks or stubs for the last month Payroll checks or stubs for the last month Bank statements for the last 2 months Bank statements for the last 2 months


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