Presentation on theme: "Your Dream Home in Mexico"— Presentation transcript:
1 Your Dream Home in Mexico Brought to you byBBVA Compass BankAndBBVA 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? Location Single family home. Townhome Condominium Beach or city property
4 What does BBVA Compass Bank and BBVA Bancomer offers? Loan qualifications under US credit bureau guidelinesTitle SearchAppraisal on the propertyProper documentation to acquire the property legally in Mexico through a Bank Trust (Fideicomiso)
5 BenefitsPersonal and professional assistance from our bilingual staff in Mexico or from our Compass Bank’s loan officers in United States and Canada.Fixed Rate Loan Program and adjustable rate mortgage.
6 No mortgage broker's fees. Easy and fast wire transfers to facilitate payment to Seller.
7 Types of Loans 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 5 years and adjustable rate program on the remaining years.
8 Loan Description Loans are in American Dollar Minimum loan amount of $100,000 USDLoan period: 15, 20, 25 and 30 yearsInterest rate will be determined according with credit history.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.
10 Who qualify? FICO score 680 points To be at least 18 years of age Have an income and main residence either in United States or Canada.
11 Requirements Signed application Copy of passport or driver's license Income tax return for the past 2 years, including W2 forms or 1099Payroll checks or stubs for the last monthBank statements for the last 2 months