Looking to buy your dream property in Puerto Vallarta but unsure how to finance it from the U.S. or Canada?
You’re not alone—and good news, there are real, legal, and smart ways to make it happen.
This guide breaks it down step-by-step so you can invest in paradise without the headaches.
Key Takeaways
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Foreigners can’t own property in their name near the coastline—but there’s a workaround.
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U.S. and Canadian buyers can finance through cross-border lenders, cash-out refis, or developer financing.
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You’ll need a fideicomiso (bank trust) or Mexican corporation.
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It’s smart to work with a local real estate agent, attorney, and notary.
Can Americans and Canadians Finance a Home in Puerto Vallarta?
Yes—but not the same way you would at home.
Traditional U.S. or Canadian banks usually won’t lend for foreign property.
Instead, you’ve got three main options:
1. Use a Cross-Border Lender (Most Common)
There are lenders who specialize in financing Mexican properties for foreigners.
They understand the legal structure and work in English.
Benefits:
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Loans in USD
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Terms up to 25 years
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No need to be a Mexican resident
2. Refinance Your U.S. or Canadian Property
If you’ve got equity in your current home, consider a cash-out refinance.
Use that equity to pay cash in Mexico, which gives you stronger negotiating power.
Pros:
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You avoid high interest Mexican loans
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The process is familiar (you’re borrowing in your own country)
Cons:
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You’re leveraging your home—make sure you’re financially solid
3. Developer or Owner Financing
Many new developments in Puerto Vallarta offer in-house financing.
How It Works:
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You make a down payment (often 30–50%)
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Pay off the rest over 3–5 years
Note: These are usually short-term loans, and they may not offer the best interest rates—but it’s a good way to get started.
What’s a Fideicomiso and Why You Need One
As a foreigner, you can’t own property outright in Mexico’s “restricted zones”—which includes Puerto Vallarta.
Instead, you’ll buy through a fideicomiso, which is a bank trust.
Here’s how it works:
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A Mexican bank holds the title
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You’re the beneficiary with full rights to sell, rent, or will the property
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It’s renewable every 50 years
Legal Must-Haves for a Safe Purchase
To finance safely, make sure you have the right professionals on your side:
✅ A local real estate agent who works with foreigners
✅ A Mexican notary (they handle legal aspects of property deals)
✅ A bilingual attorney to review contracts
Can You Get a Mortgage from a Mexican Bank?
It’s possible, but rare.
Most Mexican banks require Mexican residency, proof of income, and a local credit history.
That’s why cross-border lenders are your best bet.
FAQs
Do I need Mexican residency to buy or finance property in Puerto Vallarta?
No, foreigners can buy through a fideicomiso or corporation—no residency required.
How much down payment is typical?
Most lenders require 20–50% down, depending on the property and loan type.
Is owner financing safe?
Yes, if done properly. Always use a real estate attorney to draft the agreement.
Final Thoughts
Financing a home in Puerto Vallarta is absolutely possible—but you need the right team and knowledge.
Whether you’re paying cash or using creative financing, your dream home in paradise is closer than you think.
📞 Need help navigating the process?
At VR Realty, we specialize in helping U.S. and Canadian buyers make smart, legal, and seamless investments in Puerto Vallarta.
👉 Contact us today to get started.