An example, is Toronto couple who purchased a home in Sarasota. Since the husband obtained a working visa for his job in the U.S., he was able to qualify for a traditional home loan. If you fall into this category, there could be additional options including as low as a 3.5% or 5% or 20% down payment option for a single family home. Again, if its a condo, especially a Florida condo, it generally requires a bit more down payment.

Many Canadians would rather obtain a mortgage in the U.S. rather than having to convert their Canadian dollars into U.S. dollars and pay all cash for their home. That could be an option for some individuals, but speaking to a U.S. mortgage broker would be recommended. Then, you'll have a better idea of your options to see if financing is a realistic possibility and what it entails.

For savvy investors, financing is often a common theme. Why purchase one property with all cash when you can potentially purchased two or three U.S. properties? For example, a special cashflow program that is popular with U.S. investors can also be utilized by Canadian investors.

The program can allow you to purchase multiple properties with no income verification. The loan underwriter will be more concerned about the potential cashflow that will be derived from the property to justify the loan. This program alleviates any need for income related documents as they will not be requested here. For this specific program, you would only need the following: