Credit report authorization forms filled out and signed by the borrower and co-borrower
Official identifications: Passport, or Drivers license. (scanned copies)
Evidence of income:
Employees payroll checks: Payroll check stubs for the last 2 months or current P&L if self-employed
Most recent 2 years of tax returns - both personal and business returns if 25% or more ownership in company
2 year recent W-2's (if salaried)
Source of downpayment & closing costs:
2 month recent bank statements (Checking, Savings or investments) showing activity and cash resources
680 minimum FICO/Beacon score (720 required for a re-finance loan - cash-out refinances no longer available)
No late mortgage payments in the last 24 months are allowed
If you have multiple open 1st mortgage loans in your home country, please call or email to discuss requirements
Special visa (FM3 or FM2) is NOT required to purchase property in Mexico with a mortgage loan
Power of Attorney may be used if you will not be able to attend the closing in Mexico. We will prepare this for you.
We will provide you with a complete list of documents you will need to provide us once we see your application. We provide a complete list up-front so you do not have to continue to provide "just one more thing" over and over again. We know you're busy and have a life outside of applying for a mortgage loan.