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Put Your U.S. Equity to Work

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U.S. Home Equity for Canadians

Put Your U.S. Home Equity to Work

With a strong U.S. dollar, now’s a great time to leverage your U.S. home equity. You can borrow up to 80% of your home's value to buy a U.S. property, preserving the credit you have available in Canada.

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Unlocking the Equity
in Your U.S. Home

Tap into your U.S. equity your way

Get access to U.S. dollars when you need it most – use it to renovate or upgrade your home or to cover U.S. bills. Find out if a home equity line of creditDisclaimer30 or refinancingDisclaimer8,Disclaimer27 is right for you.

Home equity line of credit

HELOC Offer

Save thousands on closing costs with an RBC Bank HELOCDisclaimer31

stopwatch

Offer available until October 31, 2025.

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  • laptop
    Maximum flexibility with access to funds online, anytime No minimum balance, usage or draw requirements
  • home
    Borrow up to 80% of the equity in your home Interest only payments for a 10-year draw period
  • cash
    Peace of mind of having U.S. cash when you need it Avoid the one time cost from foreign exchange.
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    Make just the minimum payment Flexible repayment options - make interest only payments or pay more to reduce your balance

Refinance your property

$0 Underwriting Fees

$0 underwriting fees on new refinancingDisclaimer28

stopwatch

Offer available until October 31, 2025.

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  • calendar
    Get a lump sum of cash Make monthly payments amortized over 30 yearsDisclaimer25
  • chequing account
    No pre-payment penalties Make lump sum payments at any time
  • investments
    Our lowest interest rates Lock in for 3-, 5-, 7- or 10-year terms
  • leaf
    Use your Canadian credit history No need for a U.S. credit history; we’ll use your Canadian credit history to help qualify you
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Choose the option that saves you more

Accessing your home equity allows you to avoid the one-time hit from foreign exchange costs. Weigh your options and estimate your monthly payment and rates in U.S. or Canadian dollars.

For example, the annual interest cost of borrowing $50,000 USD is $3,750 USD. If you were to convert the same amount from Canadian dollars, the one-time foreign exchange cost would be approximately $19,500 CAD.

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The only U.S.-based bank designed specifically for Canadians

For over 20 years, RBC Bank has been helping Canadians make their U.S. home ownership dreams come true.

As a mortgageDisclaimer8 or HELOC client, you'll enjoy our U.S. Premium Checking account with the monthly fee waivedDisclaimer33.

Your cross-border mortgage advisor will guide you through the process over the phone. In most areas, you can even complete your closing from Canada or with a Power of Attorney so you don’t need to cross the border.

Our team of cross-border mortgage advisors understand the needs of Canadians, will translate the differences in the U.S. mortgage process and help you determine which kind of loan is right for your needs.

You’ll have access to a team of experts on all of the considerations that come along with tapping your U.S. equity including taxes, foreign exchange advantages and ownership issues.Disclaimer26 Just ask your cross-border mortgage advisor.

No need for a U.S. credit history; we’ll use your Canadian credit history to help qualify you.

RBC Bank offers mortgages in all 50 states. Refinances and Home Equity Lines of Credit are available in every state but Texas.