Through LNB, now you can get your dream home in Mexico... The Laredo National Bank is part of BBVA Group, that is a multinational financial services group based on people: 91,000 employees, 35 million customers and over 1 million shareholders in 32 countries.  The group's overall goal is to use its strengths to establish lasting relationships with increasingly satisfied customers in USA, Mexico, Europe, Spain and in other places where it has presence.

Loan Characteristics Loans available in US Dollars Minimum sales price $150,000 USD Minimum Down Payment: 30% Low fixed interest rate 15, 20 or 25 year term* Minimum age: 18 years old No prepayment penalty

Loan Requirements Minimum Credit Score 650 LNB Checking Account LNB Auto Debit Hazard Insurance Coverage Escrow Account Hazard Insurance Trust Fee

* a) Approval terms and rate subject to The Laredo National Bank's credit policy and standards.
   b) Terms of repayment: Loan amount = $210,000 USD for 15 years term fixed rate, 9.25% APR.
   c) APR may vary subject to the applicant's credit history and mortgage terms.

Documentation   Signed application Picture ID 2 years signed tax returns with all schedules and W2 forms Most recent paystubs for a 30 days period 2 months of recent bank statements (for all accounts listed on the application).

The Fideicomiso

The Mexican laws permit foreigners to acquire the rights to use and enjoy real estate located in the coastal and border areas of Mexico through a trust contract.

The trust (fideicomiso) is the only legal instrument and the most advantageous available.

Foreigners can acquire a home in Mexico having the same rights and obligations that a full ownership property gives.

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