Loan Guidelines for Canadian Borrowers

 Now Available Nationwide

For Canadian citizens FOREIGNATIONALMORTGAGE.COM provides loans up to 70% LTV at very competitive interest rates. Foreign national mortgage lender list has been steadily melting but we are offering loans for Canadian citizens in South Florida tri-county area.

This Canadian Loan Program includes: Miami-Dade, Broward and Palm Beach counties. Closings are available in about 30-45 days.

Properties eligible are: single family residential, condominiums, and developer still in control of condo association.

Required Documentation for processing of the loan

• Mortgage Application (1003, 1008)
• Appraisal and Title Ordered by Lender
• VOD or 2 Months Bank Statements( Figures converted to US Dollars)
• IF Self-Employed :CPA Letter showing Last Two years Income and YTD IF Employed
• VOE Letter from Employer on Company Letterhead Showing Position, Time on The Job, Last Two Years Income and YTD
• All Required Disclosures Purchase Contract ( Fully Executed, Signed by all Parties)
• 3% Seller's Concessions
• 6 Months PITI Reserves Required 3 Financed Properties Max
• 3/1 , 5/1 , 7/1 ARMs available Condos, Townhome Communities
• Condotels with developer still in Control Of the HOA , Max 50% LTV

*Available in Florida Counties of Miami-Dade,Broward and Palm Beach

Call us now at (954) 357-3838 to speak to one of our foreign national mortgage specialists or click here to have one of our foreign national loan specialists give you a call today.