Mortgage Solutions

We specialize in helping Canadians purchase homes in the U.S.

When you are ready to apply for a mortgage with RBC Bank, our dedicated Cross-Border Mortgage Team will guide you through the entire process from beginning to end, navigating the common challenges faced by Canadians in the U.S. Plus, we’ll use your Canadian credit history and your RBC Royal Bank history to help you secure financing.

Are you shopping for a property and/or seeking more information about U.S. mortgages?

We offer a variety of financing solutions and repayment plans to meet your unique needs.

Important information to consider before you apply.

To make your process as smooth as possible, keep the following in mind:

  • In the U.S., loan processing typically takes around 45 days and begins when you have a sales contract and a completed mortgage application with all of the requested documentation provided. 
  • All mortgage applications, including pre-qualifications, require a credit inquiry and are only valid for 60 days. We highly recommend applying only if you are within 60 days of purchasing a property and are ready to make an offer. This will help you avoid the need to resubmit documentation and potentially have an additional credit inquiry. Multiple credit inquiries over a short period of time may have the potential to lower your credit score. 
  • If your closing date is less than 45 days, please call us prior to applying.

Ready to get started?

 

 

apply now button

All loans and lines of credit are subject to approval, including verification of acceptable income, creditworthiness, and property valuations. Minimum and maximum property values and maximum loan-to-value ratios apply. Homeowner’s insurance is required for all loans and lines, and flood insurance is required if property is located in a Special Flood Hazard Area. Escrows may be required. There are closing costs associated with these products.

* Example: 3-Year ARM calculation assumes a $250,000 loan amount, 3.215% interest rate, 3.028% APR, with 25% down payment, amortized over 360 months = $1,070.94 monthly payment. If the down payment is less than 20%, mortgage insurance may be needed on the loan. This could increase the monthly payment and the interest rate. Rates subject to increase after consummation.

Example: 5-Year ARM calculation assumes a $250,000 loan amount, 3.500% interest rate, 3.192% APR, with 25% down payment, amortized over 360 months = $1,122.61 monthly payment. If the down payment is less than 20%, mortgage insurance may be needed on the loan. This could increase the monthly payment and the interest rate. Rates subject to increase after consummation.

Example: 7-Year ARM calculation assumes a $250,000 loan amount, 3.750% interest rate, 3.383% APR, with 25% down payment, amortized over 360 months = $1,157.79 monthly payment. If the down payment is less than 20%, mortgage insurance may be needed on the loan. This could increase the monthly payment and the interest rate. Rates subject to increase after consummation.