Buying property in Florida
You can count on our US mortgage experts and local contacts to help you navigate the homebuying process in Florida. Our services are available online or by phone.
Leverage your Canadian credit rating
You can get mortgage financing in Florida more easily with us because we recognize your Canadian credit history.
Rely on our cross-border financing experts
Our advisors' expertise makes it easy for you to manage your finances both north and south of the border.
Save with our US dollar accounts and credit cards
Pay your bills in US dollars and save on foreign transaction fees.
Receive service in English or French
You can communicate with us in the language of your choice at our branches or over the phone.
- Phone call: We'll call you to discuss your goals and determine how we can help you achieve them.
- Tailored advice: We'll give you the right information based on the intended use of your property (second home or investment).
- Personalized guidance: We'll advise you on the best purchasing or financing options based on your financial situation.
- Paperwork: We'll provide all the necessary documents, whether you're paying cash or applying for a loan.
- Referral: We'll refer you to a real estate broker you can trust.
- Ongoing support: We're always here to answer your questions.
Buying and financing options
There are various ways you can buy or finance your property:
Use your savings and investments
Borrow against your home equity
Combine both forms of financing
Get a US mortgage
Securing a US mortgage
When you apply for a US mortgage with us, your credit score in Canada is recognized, so you can qualify for a mortgage more easily.
The maximum loan amount can vary between 65% and 80% of the purchase price, depending on the county and state in which the property is located.
Tips for homebuyers
Buying a property in 7 steps
You can count on our support at each of these stages:
- Determine your purchasing criteria
- Sign an offer to purchase in US dollars
- Obtain homeowners association documents and rules (if applicable)
- Conduct a home inspection
- Secure financing (if applicable)
- Purchase title insurance
Make sure you're well prepared:
- Do business with an experienced broker who knows the local market.
- Make sure that the homeowners association (where applicable) is financially sound.
- Consider the tax implications - External link. This link will open in a new window. and include your new property in your estate planning process.
Frequently Asked Questions
Yes. If you're paying cash, the closing costs amount to about 2% of the purchase price. If you opt for financing, you should budget between 3–3.5% of the price. These costs include inspection fees, insurance premiums and adjustment payments, among others.
No, there is no transfer tax or welcome tax in Florida. Home sellers rather than buyers are required to pay most of the taxes.