Buying Property in Mexico as a U.S. Citizen: Bank Trusts, Residency, Culture & Financing Explained
Can a U.S. citizen own property in Mexico?
Yes — and many do!
Mexico is a beautiful, generous country that opens its arms to non-Mexicans (aka foreigners) with the privilege to visit, live, and yes — invest. It’s a place where the sunsets are like a movie, delicious food is everywhere, the music is loud, people are happy and the pace of life slows just enough for you to breathe again.
So it’s no surprise that more and more people from the U.S. are saying yes to a little place by the sea — whether it’s for weekend getaways, retirement dreams, long-term investments, or a complete life reboot.
But here’s the thing...
Buying property in Mexico isn’t exactly like buying in the U.S. — and that’s okay. It comes with its own rhythm, its own rules, and its own rewards. And once you understand the key differences? You’ll move forward with clarity, confidence, and maybe even a margarita in hand.
So... let’s break it all down.
🏡 Can NON- MEXICAN (Foreigners) Own Land in Mexico?
Yes! However, if you're buying within 50 km (about 30 miles) of the coast or border — like Puerto Peñasco — the Mexican Constitution requires that ownership by foreigners go through a fideicomiso, also known as a bank trust.
This is not a lease. A fideicomiso gives you all the rights of ownership:
✅ You can sell it
✅ You can pass it on to heirs
✅ You can rent it or use it as you wish
It’s simply a legal structure that allows non-Mexicans to hold title through a Mexican bank, acting on your behalf. The trust is renewable every 50 years — and often helps streamline inheritance, just like a living trust in the U.S. This is all handled for you during your purchase.
Understanding Bank Trusts (Fideicomiso)
For non-Mexican citizens, owning property within 50 kilometers of the coast or 100 kilometers of the border requires a bank trust called a fideicomiso, this inclused beach cities likes Puerto Peñasco, Rocky Point Mexico.
What is a fideicomiso?
It’s a legal arrangement where a Mexican bank holds the property title in trust for you, the beneficiary. This gives you all the rights of ownership: you can sell, rent, lease, or pass the property on to your heirs.
Trusts are usually set up for 50 years and can be renewed indefinitely.
Each individual can have their own trust for property ownership.
Having a trust is very common and secure — and part of the standard process for foreigners buying coastal or border real estate in Mexico.
🪪 What Documents Do You Need?
Valid U.S. Passport (book or card)
FMM Card (Tourist Visa) – Required the day you sign your closing documents
No Mexican residency is required to purchase property or get a fideicomiso
💡 Pro tip: Some notarios or processes may request your FMM or passport be valid for a specific period, so check expiration dates early.
🔑 Why Consider Buying Property in Mexico?
Mexico is awesome! Living in Mexico is the dream! That’s why people from all over the world visit, fall in love, and decide to make it their home — whether part-time or full-time.
And here’s the incredible part:
Mexico allows you to own property — even beachfront — without being a citizen.
You don’t need to give up your current citizenship or become a Mexican national to buy and enjoy life here.
Here’s why so many are making the move:
🏖️ Own a beach home, vacation rental, or retirement getaway — no citizenship required
☀️ Enjoy year-round sunshine and slower-paced living
📈 Invest in a location with growing demand
🤝 Experience life in a warm, welcoming culture
Mexico continues to grow in popularity with international buyers — and Puerto Peñasco offers amazing value, stunning beaches, and a laid-back lifestyle with easy access from the U.S.
Residency: What You Should Know
While Mexican residency is not required to buy property in Mexico, having Mexican residency can make things easier if:
You want more loan options through Mexican banks.
You plan to rent out your property to generate income.
You intend to live in Mexico longer term.
Mexican Residency applications start at your nearest Mexican Consulate in the U.S. and finish in Mexico. Agencies and professionals like Carlos Gutiérrez and Sun Valley Services can assist with the process.
🌎 Culture & Courtesy Matter
When you buy a home in Mexico, you’re not just investing in property — you’re becoming part of a community. Puerto Peñasco, like much of Mexico, is made up of warm, kind people who value family, connection, and a slower pace of life.
Here’s a bit of what makes the local culture so special:
People greet each other warmly. A simple “Buenos días” or “Buenas tardes” to strangers is part of everyday life — even in texts!
Respect for time and balance. Many businesses open later, close for lunch, and may close entirely on Sundays or holidays — because family comes first. It's part of the rhythm of life here.
Courtesy matters. It’s customary to greet a room when entering a shop, restaurant, or office — a small gesture that says, “I see you.”
🛑 But Is It Safe?
It’s the question everyone asks — sometimes out loud, sometimes just in their heads.
And the honest answer?
I feel safer here than I ever did in the U.S.
Here’s why: Mexico takes a different approach to safety. Guns are illegal for civilians, so the odds of random violence are much lower. You’ll find that most of Puerto Peñasco is peaceful, community-based, and calm. We walk. We wave. We know our neighbors. Kids play outside. People are aout and about even and night! People greet each other in the street.
🔐 Of course, like anywhere, use common sense. Don´t go looking for trouble and follow the traffic laws. But truthfully?
Leave the fear (and the bullets) at home — unless you want a surprise tour of a Mexican jail. 😉
No, really. Mexico has strict gun laws — bringing one across the border, even by accident, is a big no-no.
This is a place for hammocks, not handguns. 🌴✨
🛍️ Support the Local Economy — It’s Part of the Magic
One of the most beautiful things about life in Mexico is how deeply rooted it is in community. Puerto Peñasco isn’t built on big-box stores and chains — it’s a city of tienditas, fishmongers, abuelitas selling tamales, and families running their corner shops for generations.
And when you choose to support them, you’re not just shopping — you’re participating in something meaningful.
Here’s how to truly plug into the heartbeat of the town:
🧺 Skip the Costco haul and buy your fresh fruit and veggies from local stands and shops.
🦐 Get your shrimp straight from the fisherman, not frozen from across the border.
🎁 Need a gift? Handmade is always better — and it comes with a story.
💡 Pro Tip from Ellie:
Every peso spent locally is a vote for the kind of city you want to live in, and to can help it prosper. If you love the magic of Puerto Peñasco — the flavor, the people, the soul — help it thrive by keeping your dollars right here in the community.
✨ A Note from Ellie
If you don’t love the culture, the people, or the rhythm of Mexico — that’s totally okay. But then maybe this isn’t the move for you.
But if you do love it here — and I think you will — something magical happens when you lean in.
I was born and raised in Los Angeles. My mom took us to Mexico often when I was growing up, and somewhere between riding hosrses in the hills of Jalisco, the warm greetings, and the local family parties with music echoing through town squares — my heart fell in love.
After chasing the American Dream for years, I realized I was craving something deeper: peace, presence, connection. I didn’t want to rush anymore. I wanted sunsets over the sea, neighbors who say good morning, and a rhythm that feels like a deep breath.
For 10 years, I dreamed of that life.
And 9 years ago, I made it real.
Now I start my mornings barefoot on the beach, grounding in the sand and soaking up sunshine. I greet strangers like old friends. I support the local shops run by families who’ve been here for generations. I feel joy and gratitude every single day — and I’m so grateful Mexico welcomed me.
And if your heart is pulling you here too...
I’d be honored to help you find your version of this dream.
🌅 Ready to Start?
Buying property in Mexico might feel like a big leap — but what if it’s exactly the leap your soul has been craving?
Whether you’re dreaming of lazy beach mornings, a smart investment, or a total life reset... you’re not alone. I’ve helped people from all walks of life take the first step toward something beautiful here in Puerto Peñasco — and I’d love to help you, too.
✨ If you have questions about the process, financing options, or just want to talk about what’s possible — I’m here. Really here. No pressure, no rush.
📩 So when you’re ready... let’s turn that dream of yours into keys in hand, toes in the sand, and a story that’s all your own.