There are many Canadian investors that would like to purchase real estate here in Las Vegas but simply haven’t been able to due to the banking crisis and the elimination of these loan programs for foreign investors. However, we are pleased to announce that the Foreign National Loan Program for Canadians is once again lending! This program allows for Canadian Borrowers to purchase either a 2nd Home (Vacation Home) or an investment property. As interest rates and home prices continue to decline collectively, there has never been a better time than NOW to purchase a home here in Las Vegas!
For those interested in investing in rental properties, the prices are low enough to truly cash flow each property! And for those desiring to own a vacation home in the worlds most talked about city, Las Vegas… what an incredible time to own it! All you have to do is call me at 702-521-5626 (visit me online at www.DougYates.com) and the team of Sena & Associates with North American Realty of Nevada will find, negotiate and manage your purchase seamlessly for you!
The loan details are as follows:
PURCHASE ONLY
- 65% max LTV – second homes
- 50% max LTV – non-owner occupied
- Canadian credit report w/ 680 minimum score for all borrowers
- Full income documentation
- Full asset documentation (converted to US Dollars)
- Prepay Penalty is 1% of loan amount – 3 year hard prepay (No buyout)
- EZ Pay required (automatic deduction of mortgage payment from US Dollar bank account)
{ 2 comments… read them below or add one }
Hi
I am a canadian investor and like to buy properties in Las Vegas.
what kind of financing available for investment multiple properties.
I have good credit score but income is about 30000 gross
thanks
niaz
is it difficult to purchase in vegas if your a canadian. Do you have info on this