USA Financing for Canadians

Yes, absolutely. As a Canadian citizen or permanent resident, you can qualify for a US mortgage. Most lenders require a US credit report (which can be developed with a credit card and some history), proof of income, employment verification, and a down payment typically ranging from 20-50% depending on the program and property type. David H. Nataf specializes in helping Canadians navigate the foreign national lending process.

Down payment requirements for Canadians vary by program: Foreign national mortgages typically require 30-50% down. DSCR loans for investment properties require 20-25% down. Primary residence financing with Canadian income may require 25-40% down. The exact percentage depends on your credit profile, income documentation, property type, and loan program. We work with lenders offering the most favorable terms for your specific situation, which often means lower down payments than you might expect.

Yes, lenders will review Canadian employment and income. You'll typically need recent Canadian tax returns (last 2 years), current pay stubs, an employment verification letter, and proof of Canadian business registration if self-employed. Some lenders specialize in cross-border financing and are very familiar with Canadian employment documentation. We have relationships with these specialized lenders, so we can minimize documentation requirements and streamline the approval process.

Yes. Florida is extremely popular with Canadian buyers, and specialized lenders offer dedicated programs for vacation homes and investment properties throughout the state. Down payments typically range from 30-50% for vacation homes depending on whether they'll be owner-occupied or rented. Programs exist for Miami, Naples, Clearwater, Tampa, and other popular Florida markets. Some programs allow for seasonal occupancy, which is perfect for Canadians spending winters in Florida. Visit our blog for detailed information on Canadians buying Florida property.

Standard documentation includes: passport or government ID, recent Canadian tax returns (2 years), current pay stubs, employment verification letter, bank statements (2-3 months), proof of funds for down payment, and the purchase agreement. Additional items may include: credit authorization, title insurance quote, homeowners insurance quote, property appraisal, and identification of property address. We provide a complete checklist during your consultation so you can gather everything upfront and expedite the process.