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Is there a minimum down payment that is required if I was to use a Mexican bank?

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That depends on which financial institution you decide to work with. It is still not very common for Mexican Banks to offer loans to Mexican foreigners. Bancomer mentioned above does have a new program, and I only imagine that this tendency will continue with the other 4 major banks of mexico. Bancomer is requiring 30% down; they will finance the remaining 70%. 


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