Apply for the best bank loan to acquire your home.

Discover the mortgage loans offered by banks and find the one that best suits your budget.

A mortgage loan is a great responsibility and that is why it is very important to analyze each and every one of the options to choose, to find the one that really suits your needs.

As you know, each banking institution offers different offers with conditions and offers that vary each year. That is why we have decided to present you with an updated summary of the best mortgage loans that the banking market can offer you. Choosing which one is right for you is your decision

Banks with the best mortgage loans:

BBVA is an institution that divides its mortgage loans into two schemes: Fixed Mortgage and Growing Mortgage.

La Fixed Mortgage It is a loan to buy a new or used home with a fixed annual rate of 7.90% in terms of 5 to 20 years. It offers:

• Financing of up to 90% of the value of the property.
• Minimum amount of $ 50,000 MXN.
• You can link your credit with Infonavit or Fovissste.

La Growing Mortgage It is a loan with payments that increase over a period of 20 years. At the beginning its annual rate is fixed for the first 3 years and grows at 11.2% from year 4 to 6; from year 7 until the end of the loan, the rate will be 12.8%. its general characteristics are: 

• Financing of up to 90% of the value of the property.
• You can link your credit with Infonavit or Fovissste.

To request them, you only need:

• Have more than 25 years of age.
• Plan credit so that it ends before your 85 years.
• Have a good credit history
• Check the minimum required age of your current job, which will depend on the value of the house you want to buy.
• Have Life Insurance and Property Damage Insurance.

Santander owns 6 mortgage schemes:

Santander Mortgage offers you a loan to acquire a home, remodel it, replace your mortgage, work completion and build on your own land or acquire one more construction. This financing option offers you

• Financing up to 90%.
• Financing of up to 95% with Infonavit support.
• Fixed annual interest rate from 9%.
• Terms of 7 to 20 years in fixed payments and 15 and 20 years in increasing payments.
• Minimum value of the home or land: $ 250,000 MXN.
• Minimum amount of $ 100,000 MXN.
• Minimum amount for construction of $ 700,000 MXN.

Another financing scheme is the Acquisition of land, this must be for residential use and a maximum area of ​​1500 square meters:

• Financing up to 70%.
• Fixed annual interest rate of 13.64%.
• Minimum value of the land of $ 250,000 MXN.
• 10 year term.

The scheme of liquidity It is a loan that, according to the value of your property, provides you with what you need:

• Financing up to 70%.
• Fixed annual interest rate from 10.99 to 13.64%.
• Fixed payments with a term of 5, 10 or 15 years.
• Minimum value of the home of $ 250,000 MXN.

La Santander Credifferent Mortgage It helps you to acquire your property together with a subsidy from CONAVI and offers the benefits of the Credifferent program of the Federal Mortgage Society. No employment seniority is required to apply and its characteristics are:

• Financing up to 90%.
• Fixed annual interest rate of 13.50%.
• Term of 10, 15, 20 and 25 years.
• Minimum home value of $ 200,000.

Hipoteca Free Santander is a mortgage loan that frees you from the payment of commissions and insurance and gives you the possibility of reducing the interest rate by paying on time, in addition to being able to link it to infonavit and Fovissste:

• Financing up to 90%.
• Fixed ordinary annual interest rate of 9.65% 0 10.65%.
• Term of 10, 15 or 20 years.
• Minimum home value of $ 250,000 MXN.
• Minimum credit amount of $ 100,000 MXN.

Finally, among the Santander schemes is Santander Health Network Mortgage with which it is possible to acquire a place in a condominium dedicated to placing a medical office. The characteristics of the credit are:

• Financing up to 70%.
• Ordinary annual interest rate of 13.64%.
• 10-year term.
• Minimum home value of $ 250,000.

The requirements to apply for any of Santander's mortgage loans are:

• Minimum age of 21 years.
• Plan credit so that it ends before your 78 years.
• Check the minimum income according to the credit that is requested.
• Verify employment seniority (except for the Santander credifferent Mortgage) of at least 1 year in the current job in the case of being an employee, 6 months in the case of the Free Mortgage and 2 years in the case of being independent.
• It is not necessary to have a credit history, however, if you do, you must show good credit history.

Citibanamex has 3 mortgage loans:

Mortgage Fixed payment profiles, with a fixed annual interest rate of 8.25%, giving a down payment of 10% and fixed monthly payments that you can pay in terms of 10, 15 or 20 years, with an average CAT of 9.9%.

Mortgage Profiles to your measure, It gives you a loan with lower monthly payments at the beginning, with a fixed annual interest rate of 8.25%, giving a down payment of 10%. The monthly payments increase annually by 2% over a period of 20 years. The average CAT is 9.8%

Mortgage Profiles Change your mortgage, It is a credit with which you can change your mortgage from any other bank to Citi Banamex with a fixed annual interest rate of 8.25%. fixed monthly payments, notarial expenses and free appraisal. The average CAT of credit is 9.9%

The general characteristics of the Citi Banamex options are:

• Financing of up to 85% of the value of the property.
• Minimum value of the home of $ 750,000 MXN.
• Minimum amount of the loan $ 425,000 MXN.
• You can complement these credits with those of Infonavit and Fovissste.

Requireddeeds:

• Have a good credit history.
• Be between 23 and 69 years of age.
• Have a minimum monthly income of $ 15,000 to $ 20,000 MXN if the credit is combined with another person.
• Verify at least 1 year of work seniority.

En Banorte You can find their loans in 5 different schemes:

The first is Strong Mortgage, this works to acquire a home, remodel, build or improve your home. It is possible to combine it through Cofinavit and its fixed annual rate is 9.65% and you can acquire it according to your credit history.

Mortgage more for less, is a loan that helps you buy, remodel or build a property, in addition to improving your mortgage. With this you receive a higher amount if you combine it with Infonavit or Fovissste. The annual rate of this credit is 11.30%.

Another of those compatible with Infonavit or Fovissste is Fixed Mortgage. This credit, like the previous one, helps you buy, remodel or build your home, as well as improve your mortgage, and its fixed annual rate is 10.15%

With the Credit Liquidity You can receive monetary resources up to 60% of the value of your house for whatever you need. It has a fixed interest rate of 15.70% and you can pay it in fixed terms of 5 to 15 years.

Finally, we present you Land Credit, which helps you acquire urban land with fixed payments in terms of 5 to 15 years and its fixed interest rate is 12.50%

These are some of the most important bank loans that you can find in the market. You can make a comparison and see which is the one that best suits your financing needs.

Share us in the comments which one has interested you the most or if you know more home loan plans, we will mention what they are and what you found most attractive.

Note: The data is based on the official pages of the banks as of July 31, 2020. Depending on the purpose of the loan you request, some interest rates may vary.