Returning to Medellín and buying from abroad is perfectly doable — but the mortgage for non-residents has its own rules worth understanding before you fall for a property.
Rates, terms and documents change with your immigration status and where you earn your income. These are the points that cost the most when they aren't planned in time.
What to expect from the bank
For buyers earning abroad, most banks finance up to 70% of the appraisal, over 10 to 20 years. The rate is usually a couple of points higher than for residents, and they'll almost always ask for local credit history or a co-signer.
Not quoting insurance and the mortgage tax
The loan amount isn't the cost of the loan. Add the credit study, bank appraisal, life and fire insurance, and the mortgage tax (0.5% of the loan). All in, $6M to $12M worth quoting before you sign.
CEO and co-founder of Propiedades Luxur. She guides buyers across Medellín and eastern Antioquia on one principle: judgement before commission. She writes Lecturas so buying is an informed decision, not a surprise.
¿Listo para hacer la cuenta de tu compra?
Cuéntanos qué buscas. Te armamos el presupuesto real — con costos de cierre incluidos — antes de que ofertes.
The listed price isn't the final price: the complete cost of a purchase
Closing, condo fees, taxes and appraisal. We break down every peso you actually pay when buying in eastern Antioquia — so the listed number never surprises you at closing.
El Poblado vs. Llano Grande: where to buy for your life
Cosmopolitan and walkable, or rural and reserved. We compare cost per m², appreciation and lifestyle so you choose with data, not hunches.