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Second Home Mortgage Financing Available for Canadians in the US!

canada_usaWe now have financing available for Canadian citizens who want to buy a second home in Arizona. I've heard that it can get awfully cold up there during certain times of the year. What better way to thaw-out than buy an Arizona home like Anthem at Merrill Ranch where you can pretty-much-wear-shorts-every-day-in-January if you want?

Anthem at Merrill Ranch will bring spectacular amenities and a small-town feel where you can truly live, work, and play. Anthem features an all ages side, called "Parkside", and an active adult (55+) neighborhood, called Sun City. Sun City Anthem Merrill Ranch (age restricted 55+) has a 48,000 square foot recreation center featuring:

  • State-of-the art fitness and wellness center
  • Resort style indoor and outdoor pools
  • Indoor walking track
  • Yoga and group fitness studio
  • Massage rooms
  • Arizona State University Lifelong Learning Academy
  • Arts & Crafts rooms
  • Social hall and demonstration kitchen
  • Cyber cafe with wireless internet
  • Expansive patio with views of the lake and Poston Butte Golf Club

In Parkside, you'll find a Big Splash Water Park, 60 acre community park featuring an outdoor amphitheater and catch and release lake, a bustling 43,000 square-foot community center, and world renowned Poston Butte Golf Club and 18 Hole Championship Golf Course, operated by Troon Golf are just a few of the amenities that will be located virtually in your backyard.

Starting about 6 months ago, lenders were pulling out of financing these loans, but we are starting to see some of them come back now. Not a lot of lenders,mind you - but at least one!

Mortgages For Canadian Citizens: Guidelines

  • Must be a second home
  • Will loan up to 70% loan-to-value
  • International credit report required
  • Verification of mortgage on primary residence
  • Last 2 pay stubs and 2 years of T4's required
  • 2 months bank statements
  • Drivers license and copy of passport
  • If self employed, last two years of Canadian tax returns along with a profit/loss statement and balance sheet.

Simply put, this is pretty much a full documentation loan for people with good credit. The interest rate on this 30 year fixed rate loan currently is .5-1% higher than today's conventional rates. The interest rate changes from time to time, but not every day.

Call Jessica for more info on this exciting community and available financing!

602-677-7977

Posted Friday Apr 24