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Most lenders don’t want to entertain offering a mortgage to foreign buyers. There is one Lender that will lend in Florida and a few other States to Canadians. up to 50% of the Purchase price with a minimum mortgage of $200,000CAD. you can also look at taking equity out from your Canadian property or paying cash.
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New Jersey and Arizona round out the top five destinations for foreign buyers. While Florida was the most popular state for Canadian buyers, California was the favorite among Chinese and Mexicans.
At White Sands Realty we work with buyers from around the world. We receive many inquiries from foreign buyers looking for property in Florida. Most are Canadians, but we do get inquiries from just about everywhere including Great Britain, Germany, France, Norway, Sweden, Ireland, China, South America and even the Caribbean. Buying a property.
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There are no restrictions for Canadians buying homes or land in Florida. In SW Florida, there has been an steady influx of your countrymen and women taking advantage of the very low prices of properties at this time.
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