MoXi (Global Mortgage) — How U.S. Buyers Finance Homes in Mexico

Buying property in Mexico as a U.S. buyer no longer always means "cash only." MoXi (Global Mortgage) offers USD-denominated, U.S.-style mortgages for foreign buyers that remove much of the cross-border friction—fixed amortization, clear pricing, and a guided closing process. This article explains how the programs work, who qualifies, typical costs, timelines, and practical tips so you and your clients can move forward with confidence.

What MoXi Provides (at a glance)

MoXi offers fully amortized, fixed-rate mortgage products with terms up to 25–30 years in many cases. Loans are originated and serviced in U.S. dollars, removing direct foreign-exchange risk for the borrower and allowing interest to be reported in the U.S. MoXi’s core product set is aimed at non-resident buyers who want mortgage financing for vacation homes, rental investments, and primary/secondary residences in Mexico.

Loan sizes, LTV and minimums

Typical financing ranges are targeted to mid-market and up: MoXi commonly offers loans starting in the low hundreds of thousands (often cited around $250k–$350k) and up to multi-million dollar limits for qualifying borrowers. Maximum loan-to-value commonly caps near 65% LTV on purchases for qualified applicants; that means buyers will typically need roughly a 35% down payment plus closing costs. Exact minimum loan amounts and product availability can vary by property type and program.

How interest rates and pricing generally work

Interest rates for MoXi products are communicated according to each borrower's profile. Broadly speaking, MoXi rate margins historically run modestly above comparable U.S. owner-occupied mortgage rates—industry commentary places MoXi pricing roughly 1.5%–2.5% higher than a similar U.S. 30-year owner-occupied mortgage, though the spread depends on market conditions, loan size, LTV and credit score. MoXi issues a conditional approval with pricing based on the borrower's FICO, LTV, and loan size, and typically locks/finalizes pricing within days before closing.

Credit, income and documentation — who qualifies

MoXi evaluates borrowers using U.S. credit and documented income. Some of the consistent qualification points include:

• Credit score guidance: for higher LTVs (near 65%) MoXi typically looks for stronger mid-FICO scores; scores in the low-700s are preferred for best pricing and LTV. Borrowers with scores closer to 700 or slightly below may still qualify but may face lower LTV allowances or greater required down payments.
• Income documentation: W-2s, pay stubs and tax returns for salaried/confidential income; standard self-employment documentation for business owners.
• Down payment: expect to provide around 30%–35% down for purchase transactions targeting the 65% LTV band; lower LTVs can reduce down payment needs.
• Assets & reserves: documented assets are required for reserves, closing costs, and proof of funds for down payment.

Closing costs & fees — what to plan for

In addition to the down payment, buyers should budget for closing costs in Mexico that typically include acquisition/transfer tax (ISAI), notary and legal fees, registration fees, and lender closing-related costs. Acquisition tax rates can vary by state (commonly 2%–3% of property value), and total closing-related costs are often in a range that buyers budget at roughly 5%–10% of the purchase price, depending on structure and state-level taxes.

Typical timeline & process

1. Pre-qualification: preliminary review of credit, income and assets so buyers know their purchasing power.
2. Offer & contract: once under contract, the borrower submits full documentation and the appraisal/title due diligence begins.
3. Underwriting & conditional approval: the lender issues a conditional approval and pricing; clear conditions are provided to the borrower.
4. Clearing conditions & closing: typical, well-documented transactions can close in a matter of weeks; MoXi has historically completed closings in streamlined windows when files are complete and title issues are minimal.

Realistic example (illustrative)

Example only — for illustration: a buyer pursues a $750,000 purchase with a 35% down payment ($262,500). At 65% LTV, the loan would be $487,500. Monthly payment depends on the locked interest rate and amortization schedule; ask the lender for an amortization table and an itemized Estimated Cash to Close.

Advantages for Realtors & clients

From an agent perspective, having a reliable financing partner who understands cross-border purchases helps close deals faster and expands the buyer pool. MoXi’s USD-denominated loans remove currency conversion issues for U.S. buyers and allow mortgage interest to be reported in the U.S., simplifying tax considerations for many clients.

Common questions & answers

Q: Are these loans available for small condo purchases under $250k?
A: MoXi’s product set typically focuses on higher minimums (often in the mid-hundreds of thousands); some products or exceptions can exist but many cross-border lenders target loans $250k–$350k and up.

Q: Do borrowers need Mexican residency or a Mexican bank account?
A: No; MoXi originates in USD and serves foreign buyers without requiring Mexican residency, though certain legal and closing processes will involve local notary services and customary Mexican closing requirements.

Practical tips to prepare your buyer

• Get pre-qualified early — an official pre-qualification letter strengthens offers.
• Collect 12–24 months of financial documents in advance (tax returns, bank statements, investment statements).
• Plan for reserves — closing costs + down payment + reserves for ongoing property expenses.
• Work with title/closing specialists who have experience with foreign buyers in your market.

Final thoughts

MoXi (Global Mortgage) has helped open meaningful financing pathways for U.S. buyers in Mexico. While no lender removes every complexity, MoXi’s USD-denominated, fully amortized products, combined with an experienced closing team and clear pricing processes, make international purchases straightforward and predictable when properly prepared.

Note: This article summarizes program features commonly associated with MoXi/Global Mortgage as publicly described by the lender. Interest rates, minimums, and underwriting standards are subject to change — always request a current quote and conditional approval from the lender for authoritative pricing and qualification details.