Financing in Florida as a Canadian: Myths and Realities

Every Canadian buyer asks the same question: “Can I actually get financing in Florida?” The short answer is yes. But there are myths that need to be cleared up.

The Down Payment Myth

Many Canadians believe they need 50% down to qualify. In reality, most Canadian buyers secure financing with 25–30% down—a standard that’s much closer to what you’d expect at home.

Interest Rates and Timelines

In 2025, typical rates for Canadian buyers range from 6.2% to 6.8%, which is competitive given cross-border lending requirements. Pre-approvals often take as little as 48–72 hours, with closings in about 45–60 days.

Canadian Documentation Matters

Unlike U.S. buyers, Canadians are asked for T4 slips, Notices of Assessment, and other Canadian income verification. The key is working with lenders who already understand these documents. Having the right broker in place makes the process smooth.

Cash vs Financing

NAR data shows 57% of Canadian buyers paid cash in 2025, but that doesn’t mean financing isn’t an option. For many, financing is a strategic decision: keeping cash invested in other assets while using leverage in Florida real estate.

Conclusion
Financing as a Canadian in Florida isn’t a barrier—it’s an opportunity. The right team can guide you through cross-border requirements and make the process as straightforward as your last mortgage renewal at home.

👉 How would it feel to know you can own in Florida without tying up all your cash?
👉 What would securing pre-approval in 48 hours do for your confidence as a buyer?

🌐 Visit: www.esteerealtor.com
🙋‍♀️ Estee Soto | eXp Realty
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📍 Follow me: @EsteeHomes

Estee Soto

Estee Soto is a real estate agent with eXp Realty, a certified mentor and eXp Latino ambassador, and the CEO and founder of TagCrush LLC, an all-in-one digital marketing platform for real estate agents. She leads the TAGHOMES team, specializing in luxury properties, new developments, and international buyers across Florida.

More information about Estee Soto HERE