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Author: Subject: Rosarito area home loan and house purchase

Posts: 1
Registered: 11-1-2014
Location: Southern California
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[*] posted on 11-1-2014 at 06:58 PM
Rosarito area home loan and house purchase


I would like to find out what is step-by-step process to:
1/ get prequalified or even better preapproved for a hous eloan for Mexico property, and
2/ purchase a house in Rosarito area.

Thank you.
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Super Nomad

Posts: 1636
Registered: 8-16-2011
Location: San Nicolas y Lopez Mateos
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[*] posted on 11-1-2014 at 07:38 PM

Dream on.
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Elite Nomad

Posts: 9247
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
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Mood: must be 5 O'clock somewhere in Baja

[*] posted on 11-1-2014 at 07:42 PM

I don't think you will find a US lender that will finance a house/property in Mexico.

Why not Ensenada instead of Rosarito??

Rent first, you will be happier

What is your Baja/Mexico experience??

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Ultra Nomad

Posts: 3275
Registered: 1-11-2007
Location: Buena Vista BCS
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Mood: Tranquilo

[*] posted on 11-1-2014 at 07:54 PM

Welcome to Nomads rgrobin, good luck with your search. It is possible to get financing on Mexico property but the rates etc. are prohibitive. Better to rent till you can afford to pay cash or find some owner financing.

"Life is tough".....It's even tougher if you're stupid.....
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Posts: 4
Registered: 1-9-2015
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[*] posted on 1-9-2015 at 04:28 PM

If you own property in the US and have built equity you can refinance and pull the cash from there. That's how I purchased my home in Rosarito 10 years ago and I'm still enjoying it.
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