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Canadian Vacation Home loans now available

Sunbelt Lending Services – John Fenech 727-827-1818: We are very excited to announce the news of our new “Canadian Vacation Home” program. Details will follow but I wanted to get the word out to you in case you have any Canadian buyers currently shopping for a 2nd home. Here are some basic guidelines to help you along until we get a flyer prepared:

• Single family homes or condominiums to loan amounts of $417,000
• Condominiums will use our limited review process
• 30% down payment
• 15 year fixed or 30 year fixed rate options available.
• No credit score needed
• Underwritten in our local operation center in Clearwater

This is great news for Canadian’s it’s been a long time since we have had a loan program that would allow Canadian Buyers to purchase other than with cash. When I first started in the real estate business back in 1997 (as a property manager for a vacation rental company) most of my clients on the beach were Canadian.

These changes show the confidence lenders now have in our market. Pinellas County has seem in most of these areas: St. Petersburg, Clearwater, Seminole, Largo, St. Pete Beach, Madeira Beach, Redington Beach, North Redington Beach, Indian Shores, Indian Rocks, Sand Key, Belleair Beach, Treasure Island 20%+ appreciation over the past 12 months. We also have inventory levels at an all time low which is just fueling the flames.

If you or someone you know if looking for home they should check out our website’s advanced MLS search :

Or search our Condo Finder for downtown St. Pete: