Loan Program Canada
| Rate | Starting at 4.99% - 6.79% fixed rates, Variable rate at – 5.8%-7.2% |
| Term | 1-10 year fixed; 5-year Variable rate, amortization max 35 years. |
| Max LTV | 95%* |
| Max loan amount | No Max |
| Second home allowed | Only for permanent resident card holders or Expats |
| Borrower type | U.S. Expats or Foreign Nationals |
| Loan costs | No loan fees/Costs, only for Bridges or B lending facilities – 1% |
| Annual fee | N/A |
| Lender fees | 1-3.25% |
| Broker fees | 1% |
| Processing time | Conditional approval is a week and funded within 30 days. |
| Requirements | 50% DTI, and a housing ratio of 44% called “GDSR” |
| Key selling points | |
| Note | Note that Canada has a foreign buyer ban until 2027 for non-citizens, permanent residents, or work permit holders of 180 days |
| GMG contact | kyle.mazzuchin@americamortgages.com |