Can I get a Cdn Mortgage for a U.S. house?

Hello, I am currently a Permanent Resident of Canada. I currently own a home and live in Canada. I am looking to buy a house in the U.S. and was wondering if people are allowed to get a mortgage...

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Canadians in the USA

Author Message

azbrady
New Member

American Mortgages for Candian Nationals

Joined: 26 Apr 2008
Posts: 2
Location: San Diego, CA

Posted: Sat Apr 26, 2008 6:22 am

American mortgages are available for Canadian citizens regardless of whether they have a Social Security number.

1-Rates tend to be higher than the ones offered American citizens (around 6.75%-7.25%)

2- Downpayment requirements are 30%

3- A copy of your passport is needed

4- We need to track the funds for down payment- usually 2 months of bank statements is sufficient
_________________
Brian J. Brady
http://www.MortgageRatesReport.com
(858)-777-9751

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