One of the great things about having more contributors here on AMT.com is that we have been able to attract one of the best loan officers around who can provide Canadian Citizens financing options for buying homes here in Arizona.
Meet David Rush at BBVA Compass bank (his profile is over to the right).
I have known David for years and can endorse him as one of the better loan officers out there – and the absolute best I know who can help you with getting your Canadian financing lined up.
Many of the regional mortgage banks cannot help people who are not US citizens, but BBVA Compass has one of the best Canadian Citizen financing packages available.
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:
- Personal balance sheet and income statement
- Business balance sheet and income statement (if applicable)
- Job Verification
- 30 days of bank statements
- 2 year pay history on two meaningful past or existing loans or lines of credit
I kind of helped David with this post (wasn’t that nice?) but he is going to be a regular contributor here, so please give him a warm welcome!
It is about time we had a solution when it comes to Canadian Citizen financing options.
Contact BBVA Compass in Arizona
Here is the contact person who can help you at BBVA Compass in Arizona regarding these loans:
David Rush
Real Estate Loan Officer
10633 W Olive Ave
Peoria, AZ 85382
Cell 480-254-6974
Fax 866-839-7295
[email protected]
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Hi!
I’m just wondering if it is hard to get a financing for canadian.
I’m planning to buy a house, price between 350K to 450K in either Chandler or Ahwatukee area.
If it is possible please let me know what kind of down payment I need an what I need to qualify. Last two years I had bad income. Is there are any ways to qualify.
James,
I would be happy to further discuss your interest in Canadian Financing here in AZ. We require 25% down on a Second home purchase. Please contact me via email or at (480) 254-6974 to look at your options.
Regards,
David Rush
Looking to buy a home in Westpark Buckeye. i am a 63 yr old Canadian. the house is 25804 W Dunlap RD in Westpark. listed at $113,000.
Do you service Buckeye or are willing to lend me $40000 on the above property whereby I will put 70,000 in cash towards the close. Let me know particulars if you are.
Grant,
I would be happy to assist you regarding Canadian Financing in Arizona. Please contact me at (480) 254-6974 or [email protected] with any additional questions/concerns.
Cheers,
David Rush