Canadian Financing FAQ

Is it easy for a Canadian Citizen to finance a property in the United States?

Yes, many of the programs available for United States Citizens are available to Canadian Citizens for the purchase of Real Estate in the United States.

 

Do I need a credit history in the United States to purchase Real Estate?
No, we can use your Canadian credit report or a United States credit report. The process is the same for either report.

 

Do I need to own a home in Canada prior to purchasing a home in the United States?
No, we do first time home purchases for Canadian Citizens all the time. In fact, it can be extremely affordable to buy your first home in the United States these days.

 

Do I have to have a special residency status to purchase a property in the United States?
No, your standard Canadian citizenship paperwork is all that is needed. A common passport works best.

 

Will I have to refinance my Real Estate loan every few years?
No, most of the loans offered to the Canadian citizens are 30 year fixed rate mortgages. This means your rate and your payment stay the same.

 

Can I pay my loan off early or make extra payments?
Yes, you can pay your loan off at any time without a pre-payment penalty. you may also make additional payments if it is convenient for you.

Are you earning Cash Back?
You can earn cash back on these accounts: Dream Checking Cash Rewards, Essential Plus, Interest Checking, and Premium Checking.