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Updated 9 months ago on . Most recent reply
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Are there ways to get Preapproval for a US Mortgage as a Canadian Citizen?
Hello everyone, I am just starting out in Real Estate and I am looking for some advice on how to get started. I would like to know how to get pre approved for a mortgage to purchase a US Property, preferably in Florida. I am a Canadian Citizen who is 20 years old and I have no FICO score or any real connections to the USA. Since I have been a student for the last 16 years and just recently graduated, I don't yet have a full time career in place meaning my income is subpar as I work towards receiving my Ontario Real Estate License. I do however have a decent sum of money in savings for a down payment as well as would be able to get a parent as a cosigner on the loan to help with income if needed. Once again I am just getting started so any advice helps. Thank you in advance.
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Christian
You would use a DSCR/Foreign National loan program to get the approval.