Home > Blogs > Virginia Hepp - Mesquite NV REALTOR > Mesquite NV Real Estate Blog : Mesquite Homes and Neighborhoods

Mesquite Nevada -Canadian Buyers Can Qualify for a Home Loan in the US

By Virginia Hepp - Mesquite NV REALTOR

Real Estate Agent with Desert Gold Realty - Mesquite NV Homes For Sale DRE# S.0072173

May 17, 2009 09:47 AM

Home loans are again available to Canadian buyers in Mesquite NV. This would be a fully documented loan with at least 35% down for a Canadian second home buyer - still attractive with the low prices that we are seeing here in the Mesquite real estate market. More airline flights directly from Canada to Las Vegas are available than ever before, and with Mesquite's close proximity to McCarran airport in Las Vegas, buying a second home in Mesquite is becoming a popular choice for second home buyers from Canada.

Many of our second home owners in Mesquite keep a small car here. They fly from all over the U.S. and Canada to Las Vegas and take the airport shuttle to Mesquite - the Vegas airport is about 85 miles from us. St George Utah is about 35 miles from Mesquite - their airport is expanding now - maybe they will have some flights available from Canada.

Canadian US home loans available map

Canadian borrowers only
65% Max Loan to Value on second homes
Canadian credit report required on all borrowers
Full documentation
Full Asset Documentation converted to US dollars
1% of loan amount - 3 year - hard pay (no buyout)
EZ Pay is required - automatic deduction of mortgage payment from a US Dollar bank account

Call me for information about second home loans for Canadian buyers

Comments(9)

Comment

Show All Comments

Sort:

Mara Hawks

First Realty Auburn - Auburn, AL

Inactive-2012 REALTOR - Homes for Sale Auburn Real Estate, AL

This is really interesting for Canadian buyers. Very innovative setup.

May 17, 2009 12:02 PM

Jon Zolsky, Daytona Beach, FL

Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL

Buy Daytona condos for heavenly good prices

Virginia,

i did not kow that you are attracting Canadian buyers. Wow. This is similar to our area. Good to know about the financing. So far my several last Canadian clients all paid cash.

Good luck to you

May 17, 2009 04:43 PM

Virginia Hepp - Mesquite NV REALTOR

Desert Gold Realty - Mesquite NV Homes For Sale - Mesquite, NV

Mesquite NV Homes and Neighborhoods - Search MLS

Thank you Mara - for awhile a buyer from Canada couldn't get a loan here, it was tough. So it is good news.

Jon - Many Canadian buyers pay cash, but not all can. Canadians like the atmosphere of a small town with good casinos and great golf. Many buy second homes, and they are very active in the 50 and 55 plus communities. Thanks.

May 18, 2009 07:05 PM

Todd Clark - Retired

eXp Realty LLC - Tigard, OR

Principle Broker Oregon

I always wondered how foreign investors from the north were able buy here, thanks for the explanation.

May 22, 2009 05:23 PM

Todd - foreign buyers can qualify to get a home loan here in the US - the lenders really do ask them to 'show me the money', though. :) An investor would have to buy it as a second home, I think, and can't own too many houses here.

May 23, 2009 06:30 AM

I hope the only reason you write less is that you got so much business fro AR, that now you do not have that much time for the same AR.

Hope all is well

May 31, 2009 08:11 AM

Jon - Actually, that is it. I have been getting business directly from my AR blog, and I do need to start posting regularly again. And returning comments! Lots of family stuff going on lately, too, and all is well.

Jun 06, 2009 07:09 AM

Sharon Alters

Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL

Realtor - Homes for Sale Fleming Island FL

Virginia, this is a very interesting post. We have had Canadian buyers - and one last fall who couldn't get financing for a condo hotel he wanted to purchase near Disney in Orlando. I'm thinking the guidelines should be similar here in FL. Congrats on the business you're getting from your blog!

Sharon

Jun 11, 2009 04:49 PM

Sharon - We get quite a few folks from Canada who want to buy a second home or even retire here. I am glad to see that home loans for Canadians are available again - I thought it would be pretty hard to qualify, but the qualifications for a loan are not as strict as I thought. A little more paperwork and a little more down are the main things.

Hope you are doing well.

Aug 23, 2009 12:03 PM

Mesquite Nevada -Canadian Buyers Can Qualify for a Home Loan in the US

Comments(9)

Virginia Hepp - Mesquite NV REALTOR

Real Estate Resources

Recent Posts

Popular Posts

Additional Information