Skip Header Navigation

U.S. Mortgage Solutions from RBC Bank

Buying a property in the U.S. is different from Canada, but RBC Bank makes it easier to buy your perfect vacation home or other U.S. residence.

  • RBC Bank looks at your Canadian credit history and your RBC Royal Bank history to help you secure financing.
  • RBC Bank has a dedicated team of cross-border mortgage specialists who provide expert advice as they guide you through the entire process and navigate common challenges. 
  • RBC Bank is the only national mortgage provider dedicated to helping Canadians purchase property in all 50 states.

RBC Bank offers three types of Adjustable Rate Mortgages (ARM), all with NO prepayment penalty.

  • Three-Year ARM
  • Five-Year ARM
  • Seven-Year ARM

These options lock in your rate for the first 3-, 5- or 7-years and are amortized over 30 years! Trust RBC Bank to deliver the expert financial services across the border while providing ease, convenience and savings.


Ready to Get Started?

Speak to an RBC Bank Cross-Border Mortgage Specialist today.
Call 1-800 ROYAL 5-3 (1-800-769-2553).


1 A full and complete mortgage loan application must be submitted and your rate must be locked no earlier than November 25, 2013 and no later than February 28, 2014. A complete application includes income and asset documentation, credit information, property address and collateral value. This offer is subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an obligation to lend. All loans 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, 2.375% discounted interest rate, 2.463% APR (2.625% interest rate or 2.752% APR before the discount) with 25% down payment, amortized over 360 months = $971.64 monthly payment. $32.49 monthly savings totaling $11,696.40 over 30 years or $1,169.64 over 3 years. 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. The APR used in this example does not necessarily reflect today's current rates.

Example: 5-Year ARM calculation assumes a $250,000 loan amount, 2.750 discounted interest rate, 2.840% APR (3.00% interest rate or 3.13% APR before the discount) with 25% down payment, amortized over 360 months = $1,020.61 monthly payment. $33.40 monthly savings totaling $12,024 over 30 years or $2,009.40 over 5 years. 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. The APR used in this example does not necessarily reflect today's current rates.

Example: 7-Year ARM calculation assumes a $250,000 loan amount, 3.375% discounted interest rate, 3.468 APR (3.625% interest rate or 3.76% APR before the discount) with 25% down payment, amortized over 360 months = $1,105.25 monthly payment. $35.46 monthly savings totaling $12,556.80 over 30 years or $2,929.92 over 7 years. 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. The APR used in this example does not necessarily reflect today's current rates.  

 

Ready to Get Started?

Speak to a Cross-Border Mortgage Specialist today.

  • Call 1-800 ROYAL 5-3
    (1-800-769-2553).
 
RBC Bank_Special Mortgage Offer