How Do I Buy Property in Puerto Peñasco / Rocky Point, Mexico?

Are you dreaming about owning a slice of paradise here in Puerto Peñasco?

You’re not alone! Whether it’s a cozy condo by the beach, a charming home, or a piece of land to build your own getaway, this town offers something special for everyone.

Here’s a quick snapshot of the options and what you need to know to get started:

What’s Available?

Puerto Peñasco has homes, condos, and land at all price points. Whether you’re looking for a weekend escape or a full-time beach life, there’s a property waiting for you.

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How Can You Buy?

There are 4 main ways to purchase property in Mexico:

1. Cash Purchase
   Straightforward and simple. Perfect if you’re ready to make your move with no financing needed.

2. Seller Financing
   Many sellers offer flexible terms:

   • 3 to 5 years term

   • Around 50% down payment

   • Easy approval, many times, without credit checks.
     Interested? I can send you a list of properties with seller financing available.

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3. Mexican Bank Loans

Looking for more flexibility than seller financing? A Mexican bank loan might be the right path — and yes, even if you live and work in the U.S., some banks will qualify you using your U.S. income and credit history.

💡 While interest rates are higher than in the U.S. (typically 8%–12%), the trade-off is often worth it:
You’ll unlock more property options and spread your payments over a much longer term.

Typical Loan Terms:

• 10%–20% down (based on qualification)

• 10–20 years to pay it off

• Monthly payments vary depending on loan size, rate, and term

📝 Most banks will ask for:

• Valid ID or residency card

• Proof of income (U.S. or Mexican)

• Bank statements

• Credit history

🧠 This is a great alternative if seller financing feels too short or upfront-heavy (often 50% down and 3–5 year terms).

Lender Contacts:

• Yesenea Tello (USA)
  Works with Mexican buyers based in Mexico or U.S.
  📞 +1 (619) 253-3334

• Lupita Flores (Mexico)
  Works with Mexican buyers based in Mexico or U.S. & Americans with Mexican residency
  📞 +52 662 349 4511

• Maria Barajas (Mexico)
  Works with Mexican & American buyers, even without residency
  📞 +52 1 662 349 4511

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4. Developer Financing (Pre-Construction)

Looking for a flexible way to buy in Mexico without going through a traditional bank? Many developers offer in-house financing, especially on pre-construction homes and condos. This makes it easier for buyers — especially international ones — to get started with less paperwork and more breathing room.

✅ Often no credit check required
✅ No residency needed – just a valid passport
✅ Down payments range from 20% to 60%
✅ Terms from 7 to 15 years
✅ Interest rates vary – as low as 6% (typically, the higher the down payment, the lower the rate)

💡 Pro tip: Start by deciding how much you’d like to put down. That will help determine your best-fit options based on term length and monthly payments.

Here are a couple of examples:

🔹 Caracoles Resort – 2 bed / 2 bath condo, a few blocks from the beach
From $159K USD
Down payment: $90K
Balance: $69K over 9 years at 11%
Approx. monthly payment: $1,010 USD

🔹 Encantame Towers – Beachfront condos
Prices from $430K USD
Down payment: 40%
Terms: Up to 20 years
Interest rates: 6%–9.9%

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Ellie Balderrama
aka Ellie de la Playa 🌴