SSN, excellent cscore but income now $CDN - need US broker!

Hi Pauls - thanks for the update. RBC(US) was in fact able to process our loan in California (despite them being located in N.Carolina) up to and even including the property appraisal etc - but at the very last step (final approval from their underwriter) we got turned down - not because of my being a Canadian with canadian credit history, but simply because of our desired 'condo' property not having 75% ownership (it is a new development and only 1 of the 4 units have sold so far). And we were already halfway through escrow!

Our story I'm happy to report is ending on a happy note however - in the end, we were finally able to find a local lender whose in-house loans were able to look beyond my lack of any current US income and my solely Canadian citizenship. We got our loan - and are signing the papers to close escrow tomorrow! It probably helped that the seller/developer of the property that we are buying also has a $7million loan with the same local lender we went with (the seller's preferred lender for obvious reasons). In retrospect we should have just gone with this seller's preferred lender to start with, but we just didn't realize how much of a roadblock this '75% occupancy rule' thing would be to us finding a loan. Our loan is not fannie/freddie-underwritten as a result, and so our rates are a bit higher, but we finally have our home so we're happy!

I bank with RBC and I am in the same situation, Canadain looking for a mortgage in the US. They did offer a mortgage even though I was looking to buy in Oklahoma where there are no RBC branches. I was told by one of their mortgage experts that it wouldn't be a problem. The only catch for me was a whopping great 20% deposit to avoid PMI. I imagine this was because I dont have a greencard yet and I would not qualify for PMI. This huge downpayment was not an option for me unfortunately, so I didnt persue this route any farther. But maybe you want to check further with them.