Dreaming of owning a home, vacation property, or rental in Mexico? At Citadel Mortgages, we make it easy for Canadians to finance residential real estate in Mexico—entirely in Canadian dollars.
Whether you’re looking to purchase a second home, invest in a rental property, or refinance an existing home, our Mexico Mortgage Program offers flexible terms, transparent fees, and expert Canadian support every step of the way.
As Canadian housing markets become increasingly competitive, more Canadians are exploring opportunities in the Mexican real estate market. From affordable vacation homes to high-yield rental properties, Mexico offers attractive options for Canadians priced out of their local markets or looking for an investment home or second home option.
With Citadel Mortgages and our U.S.-based partner, Simply Approved Mortgages, we provide tailored mortgage solutions, expert guidance, to help you navigate the process of buying property in Mexico step by step.
✅ Mortgages in Canadian dollars
✅ Loans up to $500,000 CAD
✅ 30-year amortization options
✅ Only 30% down payment required
✅ No age restrictions
✅ Use rental income to qualify
✅ Flexible income sources accepted
✅ No mortgage or life insurance required
✅ No prepayment penalties
✅ Transparent fees and expert guidance
We help Canadians make their dream of owning Mexican real estate a reality—with simple, professional, and fast service.
To qualify for our Mexico Mortgage Program, here’s what you need:
Canadian resident
Minimum 660 credit score
Max TDS/DTI ratio of 50%
Purchase price up to $1,000,000 CAD
Minimum 30% down payment
Valid proof of income
Property must be:
Residential (home, condo, townhouse)
Located in Mexico
No commercial or mixed-use
Pre-sale condos allowed (title must be finalized before funding)
In Mexico, if a property is located in the restricted zone, a non-resident foreign national has to own their property through a Bank Trust or Fideicomiso. The restricted zone is any land located within 50km (about 30 miles) from the coastline or 100km (about 62 miles) of any of Mexico’s international borders. Property that is financed is held in a Guaranty Bank Trust.
✔️ Fixed interest rate starting at 11.90%
✔️ Terms of 1 to 5 years
✔️ 30-year amortization
✔️ Transparent lender fee: 2.5% (minimum $4,000 CAD)
✔️ Brokerage fee: 2.5% (Min. $4,000 CAD)
✔️ Entire process handled by a Canada-based team
📝 Apply online
✅ Receive conditional approval in 24 hours
🔒 Final approval in 4 to 7 weeks
⏱ Appraisals may take up to 4 weeks depending on location
All mortgage documents are prepared by lawyers and the entire transaction is handled with full transparency and professionalism.
Completed mortgage application
Proof of Income – See Employee or Self-Employed Income document section here — https://citadelmortgages.ca/mortgage-document-checklist/
Credit report
Copy of executed Offer to Purchase (if applicable)
Satisfactory appraisal
Additional documents depending on property type or use
Run your numbers now with our easy-to-use Mexico Mortgage Calculator to estimate payments and options. We will email you with the results.
Yes! Canadians can purchase or refinance a property in Mexico using a Canadian-dollar mortgage through Citadel Mortgages. This program is available for residential properties such as condos, townhouses, and single-family homes.
A minimum of 30% down is required for all Mexico mortgage transactions, whether it’s a purchase or refinance.
The maximum mortgage loan amount is $500,000 CAD, with a purchase price cap of $1,000,000 CAD.
Yes! One of the biggest advantages of this program is that the mortgage is issued in Canadian dollars, so you don’t need to worry about currency exchange volatility. Currency conversion is handled for you.
Eligible properties include:
Residential homes
Condominiums
Townhouses
❌ Note: Commercial, mixed-use, and agricultural properties are not eligible.
Yes, pre-sale condos are allowed, but mortgage funding cannot occur until the title is finalized, which can take up to a year depending on the development.
Yes. Borrowers must have a minimum Beacon (credit) score of 660 to qualify for the program.
Yes. Rental income can be used as part of your income calculation, making it easier to qualify—especially for those purchasing investment properties or vacation rentals.
Fixed interest rate: Starting at 11.90%
Term options: 1 to 5 years fixed
Amortization period: 30 years
No. There are no age restrictions, and mortgage or life insurance is not required for approval.
Lender fee: 2.5% of the loan amount (minimum $4,000 CAD)
Brokerage fees: 2.5% of the loan amount (minimum $4,000 CAD)
You will receive a conditional offer within 24 hours of submitting your application. The full process—including legal, appraisals, and trust setup—typically takes 4 to 7 weeks.
At Citadel Mortgages, we specialize in helping Canadians finance real estate abroad—with a focus on Mexico residential mortgages. Whether you’re retiring, investing, or just looking for a warm escape, our expert team is here to guide you.
📩 Contact us or apply today to begin your journey toward owning property in Mexico!