Canadian Buyers in Sunny Arizona, can they get Financing?

Can Canadian Buyers in Sunny Arizona get Financing?

Since today's (December 16th) temperature was in the 50's, many people north of the border know Arizona is the place to be during the winter months. Because of today's home values in Southern Arizona, many Canadians have decided to purchase a 2nd home here. Many of these potential buyers do not realize that financing is available from US mortgage companies. Banks have a variety of programs for Canadian buyers to finance these 2nd homes. One option is the 30 year fixed rate mortgage with rates as low as 6.25%. With rates this low, it is smarter to buy a 2nd home instead of renting or leasing homes for the winter months.

In the past, many of the loans available to foreign borrowers were ARM’s (adjustable rate mortgages). There are many great programs for those who have an ARM loan currently and want to refinance into a fixed rate. Today is a great time to take advantage of these low rates and wonderful financing options. Check with your loan officer today to get pre-approved for one of these great loans.