Mexican Real Estate Financing BUT ...
While it is possible to get financing for a home or condo purchase in Mexico, it is not easy. During the boom years of 2006-2008, lots of people who should not have bought houses and condo in Mexico did. They ran up the prices just as they did in the USA. Now these people and their finance companies are trying to unload Mexican houses and condos. If you have cash you should be able to negotiate for about one-third to one-half the asking price of a house or condo in a gringo area from only a year ago.
If you have to finance your home in Mexico, maybe you should rent for awhile and wait. See if Mexico and the particular town you chose to live in are right for you. It is easier to admit a mistake and move on when you are a renter. That's free advice, but if you want some more straight talk, it'll cost you. Hire me for a consultation before you move to Mexico. It might be the best investment you ever made.