I reccommend one of the best companies in the business, please contact
AmeriFrist Financial, Inc.
Juan Raul Fimbres
Hope this helps you and GOOD LUCK!!!!
Prudential Arizona Properties
Shannon Cunningham Smith
AZ Performance Realty Team
Keller Williams Professional Partners
A few highlights of the Canadian Citizen financing from BBVA Compass include:
15,20,25 and 30 year fixed rate terms available
3/1 or 5/1 adjustable rate terms available
$50,000 minimum loan amount
Will loan up to 75% for both purchase and refinance transactions up to $1,000,000
No prepayment penalties
Borrowers must have a BBVA Compass Bank checking account or open an account prior to closing
Loans <= $1,000,000 require one full appraisal
Eligible Property Types For Canadian Citizen Financing:
Single family residences
PUDs/CONDO must meet FNMA/FRMC guidelines
Non-warrantable condos must have an LTV of 70% or less
Property must be located in a market area served by a Retail Compass Bank Branch
Canadian Citizen Documentation Requirements:
2 years Canadian T1, T2's and/or T4's.
Business balance sheet and income statement (if applicable)
30 days of bank statements
2 year pay history on two meaningful past or existing loans or lines of credit
Copy of Passport
M&I Bank will be doing loans for Canadians, Compass will do a vacation or 2nd home only, Harris Bank will do one investment and one vacation home. There are stipulations, such as with Harris Bank, they require you to have a certain amount of money in the Bank of Montreal and 50% down, Compass will do a 25-30% down payment...(of course the banks can change what they are offering, and the last time I spoke with M&I they were waiting on the details of what they will be able to offer).
If I can be of assistance, please do not hesitate to contact me!
Ron & Brenda Cunningham
West USA Realty
**** Recognized in the Phoenix Business Journal as "One of the Top 50 Realtors in the Valley" ****