Lending for Canadian Home Buyers in US is here with some lenders! Currently, one lender we work with has a loan for Canadian Home Buyers purchasing a second home. The maximum loan amount is $417,000. Requirements and documentation include 30% down payment with 6 months reserve in a US bank prior to closing. Canadian Home Buyers must have 24 months of credit history, and a credit report containing four trade lines with a minimum 700 FICO score. This is a fixed loan and Canadian Home Buyers cannot already own property in the US.
Lending for Canadian Home Buyers in US is here, so contact us today for more information!
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