Financing a US purchase

Financing a home purchase in the United States could be a daunting task. Canadians looking for financing in the US will typically need a down payment of 20-30% with fixed rates around the 6.5% range.

Coastal Mortgages have a number of lenders with products that allow clients to access the equity in their Canadian home in order to pay cash on a US property. A very popular product for this type of purchase is the Matrix Suite Line of Credit from FirstLine Mortgages (CIBC) which is currently offered at a rate of Prime +.50% (3.50%).

Give us a call or email if you have any further questions!