Smarter Loans
close
Apply Now
Home › Mortgages › US Mortgages & Home Loans for Canadians

US Mortgages & Home Loans for Canadians

One application. 7 lenders from our 50+ network. Funded in 24 to 48 hours.

7 lenders in our network fund US property for Canadian buyers. Borrow $15,000 to $100 million at 4.04 to 16% APR, with funding as fast as 2 days. Every lender is subject to the 35% federal rate cap. Most lenders ask for $1,500 monthly income. Rates reviewed August 2026.

Apply Now One application routed to where you qualify.

Your lender options

Every Apply button starts the same single application. Your chosen lender is prioritized first.

Show only lenders I qualify for
Four questions about you, and it filters this list instantly.
Amount: AnyCredit: Any Province: Any Sort: Recommended
★★★★★ 4.6 (9)
Amount
$50,000 - $10,000,000
Rate
From 4.09% APR
Terms
6 - 60 months
Funding
7 days
Apply Now View profile
Best for Borrowers who want brokered access to multiple lenders and a short term option · Mortgage
★★★★★ 4.6 (9)
Amount
$15,000 - $10,000,000
Rate (APR)
6 - 16% APR
Terms
12 - 60 months
Funding
7 days
Apply Now View profile
Best for Ontario homeowners who need a small equity takeout that larger lenders will not write · Mortgage
★★★★★ 5.0 (50)
Amount
$20,000 - $100,000,000
Rate
From 4.99% APR
Terms
12 - 60 months
Funding
2 days
Apply Now View profile
Best for Ontario and BC homeowners taking a large equity position out of their property · Mortgage
★★★★★ 4.7 (9)
Amount
$20,000 - $10,000,000
Rate
From 4.99% APR
Terms
60 - 72 months
Funding
7 days
Apply Now View profile
Best for Ontario homeowners who want a five to six year term on a mortgage or equity takeout · Mortgage
★★★★★ 4.7 (9)
Amount
$50,000 - $100,000,000
Rate
From 4.09% APR
Terms
72 - 120 months
Funding
2 days
Apply Now View profile
Best for Ontario borrowers wanting a long amortization or a very large mortgage · Mortgage
★★★★★ 4.6 (9)
Amount
$50,000 - $10,000,000
Rate
From 4.99% APR
Terms
12 - 120 months
Funding
7 days
Apply Now View profile
Best for Borrowers who want one digital application shopped across multiple lenders, with home equity available too · Mortgage
★★★★★ 4.6 (9)
Amount
$50,000 - $10,000,000
Rate
From 4.04% APR
Terms
60 months
Funding
2 days
Apply Now View profile
Best for Borrowers who want the lowest published mortgage rate and a fully digital process · Mortgage

What is different about buying in the US

Your Canadian credit file does not transfer, which is the single biggest difference and the reason down payments are larger.

Down payment Commonly 20% to 30%, higher than a domestic purchase, because the lender is underwriting a foreign borrower.
Credit history Canadian credit reports generally do not transfer. Some cross border lenders will consider them; others require a US file first.
Lender options Cross border lenders, and some Canadian banks with US operations. Local US lenders rarely accommodate non-residents.
Currency The mortgage is in US dollars. Exchange movement affects your effective payment every month.
Property taxes. Vary enormously by state and county, and are often far higher than Canadian equivalents relative to value.
Rental income. May be subject to US federal and state tax, with Canadian reporting obligations on top.
Estate exposure. US estate tax can apply to larger holdings by non-residents. Ownership structure is difficult and expensive to change after purchase.
Involve a cross border accountant before purchasing rather than after.

Canadian credit does not travel

The central obstacle. A Canadian credit file does not produce a US score, and most US lenders underwrite to a score.

Two routes exist:

Cross-border lending from a Canadian institution. Several Canadian banks lend on US property for existing clients, using Canadian credit and income. Simpler, and typically limited to certain states and property types.

A US lender with a foreign national program. Larger down payment, higher rate, and documentation of income and assets from Canada. More flexible on property, more work to arrange.

What differs from a Canadian mortgage

  • Down payment is larger for foreign nationals than for domestic buyers
  • Fixed terms are much longer. Thirty-year fixed is standard in the US and does not exist in Canada
  • Property taxes vary enormously by state and county, and in some markets exceed what Canadian buyers budget by a wide margin
  • Insurance in coastal and hurricane-exposed markets has risen sharply and is a material carrying cost
  • Closing costs are higher and structured differently

Tax and currency

Currency risk is ongoing, not one-time. Every payment is in US dollars against Canadian income. A ten percent move changes your carrying cost by ten percent for the life of the loan.

Rental income is reportable in both countries. The treaty prevents double taxation but not the filing obligation.

US estate tax can apply to US real property held by Canadians above certain thresholds. This catches people, and it is worth cross-border tax advice before purchase rather than after.

Substantial presence. Spending enough days in the US can create US tax residency. Track the days.

Common questions

Can a Canadian get a mortgage in the US?

Yes, either through a Canadian bank's cross-border program or a US lender's foreign national program.

Do I need US credit history?

Not for cross-border programs using Canadian credit. Most direct US lenders want a US score.

How much down payment do I need?

More than a domestic US buyer, and the requirement differs by route and lender.

Do I pay tax in both countries on rental income?

It is reportable in both. The treaty prevents double taxation, and cross-border tax advice is worth having before purchase.

One application. 7 lenders. Apply Now