We work with many US lenders that will give financing to Canadian buyers. It is done all the time.
We can refer you to several lenders that have mortgage programs specifically for Canadian citizens.
We work closely with a local bank which is a subsidiary of the Bank of Montreal.
It has a special Snowbird Mortgage Program to help Canadians purchase vacation homes in Arizona.
Only a 20-30% down payment is required and fixed rates are approximately 4.875-5.75% for a 3-5 year fixed rate.
No US social security number or US credit report is required. Many Canadians who believe the Canadian
dollar will recover are financing in the US and buying now. They are taking advantage of the low interest
rates and enjoying the perfect winter and spring weather this year, rather than putting their dreams on hold.
When the Canadian dollar recovers they will simply pay it down at that time.
There are no pre-payment penalties on the Snowbird Mortgage Program.
It is an excellent way to begin living the life you deserve.
Other Canadians choose to finance their Phoenix real estate in Canada through a home equity line of credit (HELOC) or personal line of credit.
When you finance in Canada and pay cash for the home, you effectively lock in the currency rate and protect
yourself from the Canadian dollar dropping in the future. Also, by paying cash for the home we are often able to negotiate a better price on the house.
Sellers always prefer cash buyers because the transaction can close quickly and easily
We would be pleased to discuss the pros and cons of all options with you in detail. Contact us for more information on these lenders by calling 1-800-300-0263 or filling out the form below.
The Phoenix Experts, Keller Williams Integrity First
18940 N Pima Road, Suite 100, Scottsdale, AZ 85255
1-800-300-0263
This website merely provides information about Phoenix Real Estate that is readily available on many other websites.
All information herein is deemed accurate but is not in any way guaranteed. Prices may change at any time.
