Are you buying a home this year? The right mortgage loan could save you hundreds of thousands of pesos.
In 2026, Mexicans face a more challenging financial environment. Although interest rates have decreased compared to previous years, they still require careful analysis and strategy. That’s why knowing how to obtain the best mortgage loan in Mexico can make the difference between a smart investment and a heavy debt burden.
Whether you’re buying your first home or looking for an investment property, this guide will help you understand your options, compare offers, and make informed decisions.
What Is a Mortgage Loan?
A mortgage loan is a medium- or long-term loan used to buy, build, or remodel a home. The property serves as collateral while you repay the loan. In Mexico, the most common terms range from 10 to 20 years.
There are several types:
- Traditional bank loans
- Co-financed loans (Infonavit + bank or Fovissste + bank)
- Fixed-rate, variable-rate, or mixed-rate loans
- Green loans for sustainable properties
Who Can Apply?
Generally, you must:
- Be between 18 and 64 years old
- Have verifiable monthly income
- Have a good credit history
- Have employment seniority (minimum 1 year for salaried employees)
How Much Can You Borrow?
It all depends on your income and repayment capacity. In 2026, most banks grant loans for up to 90% of the property’s value. The remaining 10% must be covered as a down payment.
Real example: If you buy an apartment in Mexico City for $3,000,000 MXN, you would need at least $300,000 MXN as a down payment and could apply for a loan of up to $2,700,000 MXN.
Best Mortgage Rates in Mexico (January 2026)
| Bank | Fixed Annual Rate | Average APR (CAT) | Maximum Term |
|---|---|---|---|
| BBVA | 9.55% | 11.2% | 20 years |
| HSBC | 9.30% | 10.9% | 20 years |
| Banorte | 9.70% | 11.5% | 20 years |
| Santander | 9.45% | 11.0% | 20 years |
Source: Financial comparison tools, data updated to January 2026.
How to Choose the Best Mortgage Loan
- Compare at least three options (use official simulators).
- Evaluate the APR (Total Annual Cost), not just the interest rate.
- Consider origination fees, appraisal costs, and insurance.
- Check for prepayment penalties.
- Review additional benefits (frozen monthly payments, unemployment insurance).
Expert Advice from Coldwell Banker Mexico
At Coldwell Banker Real Estate, we help dozens of buyers every week choose the most suitable loan. Our experience shows that:
- The APR can vary by up to 3 percentage points between banks, representing differences of more than $300,000 MXN in long-term interest.
- A professional, updated appraisal can improve loan conditions.
- Adding a co-borrower with stable income can increase your borrowing capacity.
Complementary Strategies
- Learn about the areas with the highest appreciation potential in Mexico City
- Understand how a real estate appraisal works and how it benefits you
- Find out how to obtain your certificate of lien-free status
- Check out our guide on how to buy land in Mexico without mistakes
What If I’m a Foreigner? Can I Still Get a Mortgage Loan in Mexico?
Yes. More and more institutions offer products designed for permanent residents, foreigners with work visas, or investors with accounts in Mexican banks.
How to Start the Process
- Calculate your repayment capacity.
- Gather your documents (official ID, proof of income, tax ID, bank statements).
- Request a digital prequalification.
- Schedule a consultation with our experts at Coldwell Banker.
Conclusion
Getting the best mortgage loan isn’t just about low interest rates. It’s about strategy, reliable advice, and making the right choice from the beginning.
At Coldwell Banker, we guide you step by step so you can make the best decision and buy your home without stress or surprises.
Visit our website to explore available properties and consult with a mortgage specialist.
Sources:
- BBVA México – Tasas vigentes: https://www.bbva.mx/personas/productos/creditos/hipotecario.html
- HSBC México – Crédito Hipotecario: https://www.hsbc.com.mx/credito-hipotecario/
- Banxico – Indicadores hipotecarios: https://www.banxico.org.mx/
- Condusef – Simulador Hipotecario 2026: https://www.gob.mx/condusef/articulos/simulador-credito-hipotecario
