Unlocking the American Dream, One Home at a Time
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- 877-813-7219
- support@simplyapprovedmortgages.com
- 633 W 5th ST STE 2600 Los Angeles, CA 90071
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Looking to buy property in Canada as a U.S. citizen? Whether it’s a vacation home, investment property, or second residence, Simply Approved Mortgages, in partnership with Citadel Mortgages, offers tailored mortgage solutions with flexible options.
Looking to buy property in Canada as a U.S. citizen? Whether you’re purchasing a vacation home, investment property, or second residence, Simply Approved Mortgages offers tailored mortgage solutions for Americans buying real estate in Canada.
With our cross-border mortgage expertise, we help simplify the process, secure competitive rates, and guide you through every step—ensuring a smooth and hassle-free buying experience.
🔹 All mortgages are processed through our sister company, Citadel Mortgages, one of Canada’s leading mortgage brokerages.
Disclaimer: Advertised rates and fees depend on borrower qualifications and market fluctuations.
When financing a home in Canada as an American, you typically have two options:
✔ Maximum Loan-to-Value (LTV): 65% (35% down payment required)
✔ Credit: U.S. credit report is accepted
✔ Mortgage Reserves: 12 months of mortgage payments & property taxes must be held in a Canadian bank account within 30 days of closing
✔ Total Debt Service (TDS) Ratio: Maximum 44%
✔ Competitive Interest Rates
This option is best for borrowers with strong credit and stable income who meet Canadian bank lending guidelines.
At Simply Approved Mortgages, we operate with a 1.5% fee, significantly below the industry standard. This ensures more savings for borrowers without compromising service quality.
Disclaimer: Simply Approved Mortgages complies with all state and federal licensing requirements that we are licensed in.
✔ Maximum Loan-to-Value (LTV): 75% (25% down payment required)
✔ No TDS Ratio Restrictions – Income and debt ratios are not a concern
✔ No Credit Restrictions – No minimum credit score required
✔ No Mortgage Reserve Requirement – No need to hold 12 months of payments in a Canadian bank account
✔ Fast & Flexible Approvals
This option is ideal for real estate investors, self-employed individuals, and those who don’t meet traditional bank requirements.
✔ Tailored Mortgage Solutions – We specialize in financing U.S. citizens purchasing property in Canada.
✔ Competitive Interest Rates – Access low mortgage rates through our network of top Canadian lenders.
✔ Cross-Border Expertise – As the owners of Citadel Mortgages, we provide direct access to Canadian lending options not available elsewhere.
✔ Investment & Vacation Home Financing – Buy a rental property, vacation home, or secondary residence in Canada with ease.
✔ Simplified Approval Process – Our team handles everything so you can focus on securing the right home.
✅ U.S. citizens buying a second home, vacation home, or rental property in Canada
✅ Real estate investors looking to expand into the Canadian market
✅ Business owners purchasing property for investment purposes
✅ Retirees looking for a home in Canada
With our industry-leading 1.5% fee, compared to the standard 2.75%, we save you thousands while offering competitive rates tailored to your needs. Learn More.
Our team of seasoned professionals is dedicated to simplifying the mortgage process, providing personalized solutions, and ensuring you feel confident every step of the way.
We prioritize honesty and clarity. From disclosing every detail upfront to ensuring no hidden surprises, we build trust through our commitment to your financial success.
❓ Can Americans buy property in Canada?
✅ Yes! U.S. citizens can purchase property in Canada, whether for personal use, vacation, or investment. However, mortgage options and requirements vary.
❓ Do I need to be a Canadian resident to qualify for a mortgage?
🚫 No, you do not need to be a resident of Canada to get a mortgage. Many Canadian lenders offer financing to non-residents and foreign nationals, including Americans.
❓ What are the mortgage options for Americans buying in Canada?
We offer two primary mortgage options through our sister company, Citadel Mortgages:
1️⃣ Traditional Bank Mortgage – 65% LTV (35% Down Payment Required)
✔ Requires a U.S. credit report
✔ 12 months of mortgage payments & property taxes must be in a Canadian bank within 30 days of closing
✔ Max Total Debt Service (TDS) Ratio: 44%
✔ Competitive interest rates
2️⃣ Private Mortgage – 75% LTV (25% Down Payment Required)
✔ No credit restrictions (U.S. credit history not required)
✔ No TDS ratio restrictions
✔ No mortgage reserve requirement
✔ Faster approval process
❓ What’s the minimum down payment required for U.S. citizens?
✅ 35% down for bank mortgages (65% LTV)
✅ 25% down for private mortgages (75% LTV)
❓ Do I need a Canadian bank account?
✅ Yes, for bank mortgages, you must hold 12 months of mortgage payments and property taxes in a Canadian account 30 days before closing.
🚫 No reserves required for private mortgages.
❓ Can I use my U.S. credit report?
✅ Yes! Most banks accept a U.S. credit report for mortgage approval.
❓ How long does it take to get a mortgage in Canada as a U.S. citizen?
📆 Bank mortgages: 2-4 weeks
📆 Private mortgages: 5-10 days
❓ Do I need a Canadian income to qualify?
🚫 No, you can qualify based on your U.S. income.
❓ Can I buy an investment or rental property in Canada?
✅ Yes! U.S. citizens can purchase rental and investment properties in Canada using either bank or private mortgage options.
Get a free credit score check to understand where you are and how to move forward.
Small changes in your credit score can lead to significant savings on your mortgage.
Stay on top of your credit health with credit monitoring, so you can catch issues early and maintain a strong score.
Discover how your credit score affects your mortgage options and rates. Plus, get personalized offers through our partner services to help you find the best loan for your financial situation.
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No credit card is needed to sign up.
Remember that a good credit score can lower your interest rate on your mortgage.
Unlocking the American Dream, One Home at a Time
NMLS# 2620881 | NMLS Consumer Access Record