Snowbird FAQs

Snowbird FAQs is a forum where we provide answers to some of the most common and interesting questions we receive from Snowbird Advisor members that we feel will be of interest to other members.


We are considering buying a vacation property in Arizona. Can (or should) we get a U.S. mortgage? What are our other financing options?


Canadians snowbirds have a number of financing options available when buying U.S. property.

U.S. mortgages can be a good option for snowbirds, but be aware that many U.S. lenders won’t offer mortgages to “foreign nationals” (including Canadians) and those who do may charge you a hefty premium.

If you’re looking for a U.S. mortgage, you should check first with Canadian banks that have operations in the U.S., as some of them offer U.S. mortgages for Canadians that use your Canadian credit history to evaluate your mortgage application and won’t charge you a premium for being a foreign national.

If you own property in Canada, you should also explore getting a mortgage in Canada or Home Equity Line of Credit (HELOC) on your Canadian property and using the proceeds to purchase your U.S. property.

There are pros and cons to each option, and the right option for you will depend on you your personal situation and the general economic environment.

Your best bet is to explore all options so you can compare each of them.

For more information on this topic, you may want to check out our top mortgage tips for Canadians buying U.S. property and snowbird vacation home financing options.

Disclaimer: The material provided on the website is for informational purposes only and does NOT constitute legal, tax, accounting, financial, real estate, medical or other advice, and should not be relied on as such. If you require such advice, you should retain a qualified professional to advise you.