403-681-4376
8AM - 5PM Mon - Fri
103E – 1144 29th Ave NE
Mark Herman – Calgary Mortgage Broker

Canadian Mortgage with American Income, 2025

August 15, 2025 Mortgage Rules

Yes, that headline is true!!

August 15, 2025

 

We finally have an “A lender” in the Canadian mortgage broker space that will allow a buyer’s USA/ American income to be used.

Quick summary of the details.

  • 30% down
  • 80% of USA salary to be used, income based on USA tax docs
  • Almost any standard residential property in Canada
  • “A lender,” at A rates, no lender fee, no broker fee, underwritten the same as all Canadian mortgages
  • No funny business here. This is a normal mortgage, that you would want. The same as what expect from any of the Big-6 banks in Canada.

For more data or to ask about a deal, contact Mortgage Mark Herman, on his cell phone. He usually answers his own phone; from 9 am to 9 pm MST daily.

 

Data points below summarize key criteria and parameters for an “A-lender” in the Canadian mortgage broker channel that accepts US income.

Borrower Eligibility

  • Citizenship: any (US, Canadian, or other)
  • Canadian residency: no minimum length of stay required
  • Tax history: two consecutive years of US tax filings (no CRA filings needed – its true!)

Income Documentation

  • W-2 forms (equivalent to Canadian T4 slips)
  • IRS Form 1040 (equivalent to Canadian T1 returns)
  • US Tax Return Transcripts or Notices of Assessment (NOA – Notice of Assessment)
  • All documents must cover the most recent two-year period

Income & Loan Parameters

  • Income recognized: up to 80% of gross US salary
  • Income types accepted: salary only (sorry, the bank can’t use fee-for-service, or self-employed/ BFS income)
  • Maximum loan-to-value ratio (LTV): 70%, means 30% down payment
  • Credit underwriting conforms to Canadian mortgage regulations

Property Types

  • Primary residence
  • 2nd home / Secondary or vacation home and even…
  • Rental or investment property

Notes

  • No requirement for employer size, industry, or Canadian work history
  • Simplified process: bypass CRA income filings entirely
  • Ideal for US-based clients relocating, investing, or holding dual residences

 

We used to run into a few of these deals ever year, and now we see one every month so we found a lender that can do this business for our realtor partners.

The buyers only need 30% down, and the bank will use 80% of their USA salary as the income.

Mark Herman, top Calgary Alberta and Vancouver Island mortgage broker