Mortgage Loans for Merchants: The New Way to Buy a Home

When it comes time to think about the future, the first thing that comes to mind is that it is time to buy your home.

To make this goal possible it is necessary that you have a financial institution as an ally.

Traders, for example, now have an opportunity to verify income and make this possible.

Next, you will learn how you can obtain a mortgage loan so that you can brand new home when your source of income is as a merchant.

The alternative for merchants


As a merchant, you have surely faced many challenges and buying a home can be one more challenge.

One of the most frequent problems is that as a merchant you have no way to verify your income, despite having enough flow since you do not have a document that guarantees the amount you receive monthly.

Therefore, it may seem difficult for you to prove to any financial institution that you are economically active and stable.

There are financial entities such as ION, which have focused on this sector neglected by traditional banking and with high probabilities of obtaining a mortgage loan.

At ION Financiera we understand that, as a merchant, you have a different way of earning income than a salaried person does.

Therefore, we have multiple ways to verify income during the credit application process.

What do I need?


To apply for a mortgage loan with ION Financiera you must meet the following requirements:

  • Official identification.
  • Proof of address.
  • Fill out your mortgage loan application, an ION business advisor can help you do it.
  • Be at least 21 years old.
  • Comply with the documentation checklist that I put here.

Likewise, it is necessary that you consider that in order to obtain a mortgage loan you must have a credit bureau without negative payment references.

It is also necessary that you have an initial saving of 10 percent of the total cost of the property so that you can start the purchase, as well as another 8% of the total value to meet the notarial expenses.

In order for us to help you with your project, it is necessary that the property is in the coverage area of ION Financiera.

Consider that you should check around 40 thousand pesos per million, as well as consider not allocating more than a third of your income to the monthly payment of your mortgage. The advantage with ION Financiera is that we have multiple ways to verify income.

Among the advantages you have with ION is that you can request up to an amount of 10 million pesos and pay within a maximum period of 20 years.

In addition, within our scheme, we give you the opportunity to add your income with someone else’s and thus request a greater credit.

How does it work?


The first steps is to use our mortgage credit prequalifier so that you can know how much your line of credit could be with ION Financiera.

Once you pre-qualify you will know a breakdown of how the credit would behave over time.

In the end, one of our commercial advisers will contact you to dispel your doubts and tell you about our financing scheme and help you fill out your mortgage loan application.

Another way to get in touch is by calling 01 800 777 92 92 or sending an email to

Once you have applied for the loan, one of our business advisors will visit your home to do a socioeconomic study and will give you a checklist with the documentation that you will need to collect and present.

Among the documents that will be requested in the income verification process are the notes or receipts of purchase, sales and expense logs.

If the credit is approved, a letter will be sent to you with a breakdown of all the points involved in the credit, such as approved amount, down payment, additional expenses, monthly payments and term.

Subsequently, you must go through the phase in which the property is evaluated and the notarial procedures are carried out so that the financier decides that the house is viable for credit.

Finally, you will reach the step in which the purchase of the house is made, which will remain as a guarantee for the life of the mortgage loan.

As a merchant, you have the opportunity to start increasing your wealth, through an innovative model such as ION Financiera, which understands your way of generating income.

If you have already made the decision, we can help you make your idea of ​​having the best house come true.