Canadians can finally get financing!

By
Real Estate Agent with West USA Realty

Great news, if you have Canadians that want to purchase in Phoenix, I have a lender who can now lend to Canadians!!!  You ask what are the requirements, well here they are; Full documentation, Foreign Credit needed, 25% down to 1 Million, 35% down to 2Million.  It can only be for a second home (no investment properties).  Rates start at 3.75%-5.125% (4.126%-5.79%APR).  3,5,7 and 10 year fixed and even a 30 year fixed available.  In addition 2.5 point cost the seller can even pay. 

I am ecstatic that this is possible in such a buyers market in Phoenix.  We have homes that were 500,000.00 five years ago that are now selling anywhere between 150,000.00-185,000.00!  I feel that it's time that our U.S. lenders bring back Canadian financing, what a great opportunity!

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Raiza Schwartz

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