How much do I, as a Mexican citizen, need for a down payment in real estate in Miami?

💵 Typical Down Payment Requirements for Mexican Buyers

1. If Buying with a U.S. Mortgage (Foreign National Loan):

30% – 50% down payment is standard
The exact percentage depends on:
- Property type (residential, condo, commercial, etc.)
- Whether the unit allows short-term rentals
- Your income documentation and creditworthiness
- The lender’s policies

📌 Example: For a $500,000 condo, expect to put down between $150,000 and $250,000 USD

2. If Buying with Cash:

You can purchase with 100% cash and avoid financing altogether
Many Mexican buyers choose this option to:
- Simplify the process
- Avoid U.S. interest rates and underwriting
- Increase negotiating power with sellers

💡 Pro Tip:

If you plan to finance your property, start by:

Opening a U.S. bank account
Gathering proof of income/assets from Mexico
Working with a mortgage broker experienced with international buyers

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Antonio Aguirre

Meet Antonio Aguirre, your dedicated Broker Associate in Miami. With credentials as a CIPS, Investor Specialist, Pre-Construction Specialist, and Area Specialist, Antonio is uniquely equipped to guide you through the real estate landscape. A family man at heart, he balances his professional life with a passion for sports like rugby and soccer. Whether you're buying, selling, or investing, Antonio is committed to helping you make informed decisions. Let him assist you on your next move—experience the difference of working with a true professional!