Our Process, From Application to Funding

Complete a short online application to help us better understand your current situation, your property, and your financing goals. There is no cost, no obligation, and no impact on your credit at this stage.

Our team will conduct a preliminary eligibility review. A SoBankable specialist will connect with you to walk you through your financing options and answer any questions you may have.

If you wish to proceed with a full application, we will send you a detailed intake form covering your personal information and property details.

Once your Information is received, a member of our underwriting team will reach out and guide you through the rest of the process. In the meantime, you will receive login instructions to your secure SoBankable account, where you can track the progress of your loan and easily upload all required documents.

At this stage, our underwriting team pulls your credit and conducts a thorough review of all uploaded documents and supporting information. If anything additional is needed, we’ll reach out directly.

SoBankable does not charge underwriting fees. If your application does not meet our eligibility requirements, you will not be charged.

Once underwriting confirms eligibility, we issue a conditional commitment letter outlining your loan amount, terms, and remaining closing requirements. We encourage you to review the letter carefully and reach out with any questions before signing. Final approval is subject to satisfying the conditions outlined in the letter.

We coordinate an independent appraisal and property review to confirm the value and suitability of the property. The cost of the appraisal is dependent on the property, so we will request a quote and provide you with the cost before proceeding. You are responsible for the full cost of the appraisal, which must be paid up front to the appraiser.

Once all conditions outlined on your commitment letter are satisfied and final approval has been given, we provide your file to our legal team to coordinate the closing with your legal representative.

Our legal team works with your legal team and the notary to prepare the legal documentation and collect any final outstanding items necessary to close. Once all requirements have been met, your file is cleared for funding.

We coordinate the funding of your loan with our legal team. After the title deed is signed, the funds are released and the transaction is complete.

Your loan is now active and financing is complete — welcome to your new property in Mexico.