Financing in 33484>Question Details

HARVEY MCCLI…, Real Estate Pro in Delray Beach, FL

Is there a problem with a Canadian getting a mortgage home in Florida. ie Kings point purchase of approximately $25000.

Asked by HARVEY MCCLINTOCK, Delray Beach, FL Thu May 5, 2011

If possible how much equity would you require? Thank you

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Funny this came up today. TD Bank will do canadian mortgages - there is a branch on Federal just North of Linton and they have branches in Canada too.
0 votes Thank Flag Link Fri May 6, 2011
Harvey,

There are special programs available.

Check out http://www.cheepmortgages.com there is a good video there.
0 votes Thank Flag Link Thu May 5, 2011
Thats a pretty small loan amount. After 25% down you are pretty much better off getting a secured loan rather than a foriegn national loan. Not too many investors will touch a loan that small. Not enough benefit for the risk.
0 votes Thank Flag Link Thu May 5, 2011
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