Great news, if you have Canadians that want to purchase in Phoenix, I have a lender who can now lend to Canadians!!! You ask what are the requirements, well here they are; Full documentation, Foreign Credit needed, 25% down to 1 Million, 35% down to 2Million. It can only be for a second home (no investment properties). Rates start at 3.75%-5.125% (4.126%-5.79%APR). 3,5,7 and 10 year fixed and even a 30 year fixed available. In addition 2.5 point cost the seller can even pay.
I am ecstatic that this is possible in such a buyers market in Phoenix. We have homes that were 500,000.00 five years ago that are now selling anywhere between 150,000.00-185,000.00! I feel that it's time that our U.S. lenders bring back Canadian financing, what a great opportunity!