This startup provides a fintech lending platform that facilitates international homeownership for U.S. citizens by offering mortgage loans and streamlined credit underwriting. By simplifying the complexities of local property laws abroad, the platform enables users to efficiently navigate property purchases and refinances.
Funding
$300M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
U.S. citizens often face challenges securing financing for property purchases in Mexico due to unfamiliarity with local regulations, lack of credit history in Mexico, and complexities in cross-border transactions. This limits their ability to invest in the Mexican real estate market and achieve their dream of global homeownership.
Solution
MoXi provides cross-border financing solutions tailored for U.S. citizens seeking to purchase or refinance residential property in Mexico. The platform streamlines the mortgage process, offering secure, transparent, and fully amortized loans in U.S. dollars, eliminating foreign exchange risk. MoXi simplifies the complexities of Mexican property ownership by coordinating transactions, ensuring compliance with both U.S. and Mexican regulations, and providing ongoing support throughout the loan lifecycle. With a focus on transparent lending, MoXi empowers U.S. citizens to confidently invest in Mexican real estate, whether for primary residences, vacation homes, or investment properties. MoXi also offers cash-out refinancing options, providing liquidity without restrictions on the use of proceeds.
Target Audience
MoXi serves U.S. citizens seeking to purchase, refinance, or cash-out refinance residential properties in Mexico, including single-family homes, condos, townhomes, and 1-4 unit properties. The platform also caters to mortgage brokers and real estate professionals looking to expand their business by offering cross-border financing options to their U.S. clients.
Features
- Mortgage loans originated and serviced in USD, eliminating FX risk
- Fully amortized, fixed-rate loans with terms up to 30 years
- Loan amounts ranging from $350,000 to $2.5 million USD
- Loan-to-Value (LTV) up to 65%
- Streamlined pre-qualification and application process
- Coordination of legal and title processes, including Fideicomiso (bank trust) setup
- Escrow account management adhering to U.S. standards
- Online client portal for account access and management
- One-pay program eliminating the hassle of separately paying insurance premiums, property taxes, and HOA dues