Mortgage Rates as an Out of Country Investor

[Natasha Rooney]

Hello! 

We are just looking into ALL the things before diving into purchasing an investment property and have a question for a mortgage broker or anyone who may know. We are planning to purchase in cash, however, if requiring financing, how much higher are mortgage rates for a Canadian investing in the US market? 
What is the avg. mortgage rate right now for US vs Canadians investing in a US market? 

I have been told it is about 3% higher in general for an out of country investor, is this true? 

(I know it also depends on area so it won't be super exact, just looking for a ballpark!)

Thank you!