your dream home in mexico brought to you by bbva compass bank and bbva bancomer

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Your Dream Home in Your Dream Home in Mexico Mexico Brought to you by Brought to you by BBVA Compass Bank BBVA Compass Bank And And BBVA Bancomer BBVA Bancomer

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Page 1: Your Dream Home in Mexico Brought to you by BBVA Compass Bank And BBVA Bancomer

Your Dream Home Your Dream Home in Mexicoin Mexico

Brought to you byBrought to you by

BBVA Compass BankBBVA Compass Bank

And And

BBVA BancomerBBVA Bancomer

Page 2: Your Dream Home in Mexico Brought to you by BBVA Compass Bank And BBVA Bancomer

This loan has been tailored specially for Americans and

Canadians residents with income and main residence in either United States or Canada.

Page 3: Your Dream Home in Mexico Brought to you by BBVA Compass Bank And BBVA Bancomer

What can I purchase?What can I purchase?

Single family home.Single family home. TownhomeTownhome CondominiumCondominium

LocationLocationBeach or city propertyBeach or city property

Page 4: Your Dream Home in Mexico Brought to you by BBVA Compass Bank And BBVA Bancomer

Loan qualifications under US credit Loan qualifications under US credit bureau guidelinesbureau guidelines

Title SearchTitle Search Appraisal on the propertyAppraisal on the property Proper documentation to acquire Proper documentation to acquire

the property legally in Mexico the property legally in Mexico through a Bank Trust (Fideicomiso) through a Bank Trust (Fideicomiso)

What does BBVA Compass Bank and BBVA Bancomer offers?

Page 5: Your Dream Home in Mexico Brought to you by BBVA Compass Bank And BBVA Bancomer

BenefitsBenefits

Personal and professional Personal and professional assistance from our bilingual staff assistance from our bilingual staff in Mexico or from our Compass in Mexico or from our Compass Bank’s loan officers in United Bank’s loan officers in United States and CanadaStates and Canada..

Fixed Rate Loan Program andFixed Rate Loan Program and adjustable rate mortgage.adjustable rate mortgage.

Page 6: Your Dream Home in Mexico Brought to you by BBVA Compass Bank And BBVA Bancomer

No mortgage broker's fees. No mortgage broker's fees. Easy and fast wire transfers to Easy and fast wire transfers to

facilitate payment to Seller. facilitate payment to Seller.

Page 7: Your Dream Home in Mexico Brought to you by BBVA Compass Bank And BBVA Bancomer

Types of LoansTypes of Loans

Fixed Rate Loan Program. Fixed Rate Loan Program. Fixed Rate loan during the first 3 Fixed Rate loan during the first 3

years and adjustable rate years and adjustable rate program on the remaining years.program on the remaining years.

Fixed Rate loan during the first 5 Fixed Rate loan during the first 5 years and adjustable rate years and adjustable rate program on the remaining years.program on the remaining years.

Page 8: Your Dream Home in Mexico Brought to you by BBVA Compass Bank And BBVA Bancomer

Loan DescriptionLoan Description

Loans are in American DollarLoans are in American Dollar Minimum loan amount of $100,000 Minimum loan amount of $100,000

USDUSD Loan period: 15, 20, 25 and 30 yearsLoan period: 15, 20, 25 and 30 years Interest rate will be determined Interest rate will be determined

according with credit history.according with credit history. Legal documentation to create a Bank Legal documentation to create a Bank

Trust (Fideicomiso)Trust (Fideicomiso)

Page 9: Your Dream Home in Mexico Brought to you by BBVA Compass Bank And BBVA Bancomer

Prepayment penalties: 2% on the Prepayment penalties: 2% on the first year, 1% on the second and first year, 1% on the second and no penalties starting the third no penalties starting the third year. year.

Page 10: Your Dream Home in Mexico Brought to you by BBVA Compass Bank And BBVA Bancomer

Who qualify?Who qualify?

FICO score 680 pointsFICO score 680 points To be at least 18 years of ageTo be at least 18 years of age Have an income and main Have an income and main

residence either in United States residence either in United States or Canada. or Canada.

Page 11: Your Dream Home in Mexico Brought to you by BBVA Compass Bank And BBVA Bancomer

RequirementsRequirements

Signed applicationSigned application Copy of passport or driver's licenseCopy of passport or driver's license Income tax return for the past 2 Income tax return for the past 2

years, including W2 forms or 1099years, including W2 forms or 1099 Payroll checks or stubs for the last Payroll checks or stubs for the last

monthmonth Bank statements for the last 2 Bank statements for the last 2

monthsmonths