Turning Dreams Into Reality
At Oax Financing, we specialize in financing solutions for nationals and foreigners investing in the Oaxaca coast. From traditional mortgages to alternative financing, we make homeownership accessible and stress-free. With a commitment to transparency and discretion, we help clients leverage bank resources to fund their dream homes while keeping more money in their pockets. We proudly support realtors, brokers, and agents with the tools they need to assist their clients.
What are your options?
It is not possible to go to a bank in the US or Canada and request a mortgage for a property in Mexico.
Traditional Mortgages
A traditional bank provides mortgage loans by using the property as collateral. To secure financing, the property must meet specific requirements, including a clear title, habitability standards, and a professional appraisal to confirm its value. Additionally, the borrower must qualify by providing verifiable documentation of income and assets to demonstrate their financial ability to repay the loan.
Alternative Financing
Alternative financing options are regulated by PROFECO but operate under more flexible guidelines compared to traditional banks. Their underwriting process allows for more lenient qualifying documentation, making it easier for borrowers to access funds. These lenders typically offer shorter loan terms and are willing to take on higher-risk scenarios that may not meet conventional lending standards.
How it Works
1. Pre - Qualification
Click this to start the pre-qualification application. Please contact your OAX Financing representative for most current information, but in most cases, you will need to provide: -Passport, driver´s license, birth certificate, utility bill. -Paystubs. -Tax returns. -Bank statements. -Asset statements. -Personal references. -Standard health questions.
2. schedule consultation
Oax Financing has received your pre qualification form, we will contact you to schedule your consultation. Then we send your preliminary application for pre -approval to the underwriter.
4. Approval
Any additional documentation is submitted to the bank, and the appraisal is scheduled. Once you the buyer and the property are officially approved the closing process begins.
3. start looking for your property
You start looking for your property, or if you have already found it, great! Now you work with your agent and our legal team to negotiate your property purchase contract with specific financing approval clauses.
5. Closing
Funds are transferred into escrow. The transaction is finalized and closed. Congratulations!!
Frequently Asked Questions
Meet the Team
Amber Lee Gotzmeister
