Financing in San Antonio>Question Details

Matt Hulling…, Real Estate Pro in San Antonio, TX

Does anyone know a lender or bank who still lends money to Mexican nationals. I have a client who wants to

Asked by Matt Hullinger, San Antonio, TX Wed Jan 28, 2009

buy a home that will be his homestead but I can not find any lenders with programs for Mexican nationals anymore. Thanks in advance.

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Answers

9
Yes, Nilda Lara at 210-244-7449 with Compass Bank BBVA. Good luck!
0 votes Thank Flag Link Wed May 27, 2009
Compass Bank is still making loans to Mexican nationals, you should check their web site.
0 votes Thank Flag Link Mon Feb 2, 2009
USAA lends to residents of Bexar County. I am not sure whether you have to be a US citizen, but there rates are great.

Don
0 votes Thank Flag Link Mon Feb 2, 2009
Matt,

Wells Fargo is making loans to foreign nationals but require a 30-40% deposit.

Try checking out their website: http://www.wellsfargo.com
0 votes Thank Flag Link Sat Jan 31, 2009
Here in San Antonio, they only bank I know that is still lending to Mexican nationals is Compass Bank.
0 votes Thank Flag Link Fri Jan 30, 2009
Matt,

Typically it is the local banks that will lend. As others have mentioned, typically need full documentation and good down payment (like 20%). Passport required and legal right to be in US, but not always legal right to work required, but proof of some kind of income. I'd really grill the loan officer first to make sure they have done these types of loans before. I've seen some say yes yes yes, after I warn them and then 2 days before they go crazy saying they did not understand the person did not have this or that type of visa. You might also try Laredo Natioanl Bank or Intl Bank of Commerce,
0 votes Thank Flag Link Wed Jan 28, 2009
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
I have a couple that I am dealing with that are if your customer has a Social Sceurtiy number and can prove his right to work in the states. 2 year credit history required.

I am a mortgage broker. If I can be of service, please let me know!

Martin Smith

Precision Funding
877-238-6324 Ext 704
513-536-7184
877-238-6324 FAX
MSmith@PrecisionFundingUSA.com
http://www.PrecisionFundingUSA.com
0 votes Thank Flag Link Wed Jan 28, 2009
I would try Laredo National Bank. I have had a few Mexican Nationals that purchased acreage home sites from me and they were able to get it done with 20% down and a passport.

I hope this helps. Sincerely, Brad Gore with Bluegreen Communities - Texas Hill Country Region.
0 votes Thank Flag Link Wed Jan 28, 2009
Look for Banco Popular.
I think they were the last ones doing this.... Don't know if they still do.
0 votes Thank Flag Link Wed Jan 28, 2009
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