USA Mortgages

Helping canadians in obtaining American mortgages

As of January 2020, Pegasus is now offering a unique mortgage lending service for Canadians wishing to purchase property in Florida, the Sunshine state. Pegasus will not only provide lenders for Canadians wishing to purchase various properties (from principle residences to secondary, investment or commercial ones), but will also provide realtors whom we have partnered with and trusted lawyers to oversee the process and ensure that it is just!

Florida financing made easy with Pegasus Mortgage

Canadian qualifications

Pegasus uses your Canadian credit history and income for loan approval.

Flexible interest rates

Reduced fees, but standard closing costs (appraisal, inspection, title) still apply.

Customizable terms

Buyer chooses both interest rate and mortgage term (3, 5, or 7 years)

20% Down payment

20% down payment of the appraised property value is required.

Transparent costs:

Reduced fees, but standard closing costs (appraisal, inspection, title fees) still apply


To qualify for a USA mortgage, submit a standard application with documentation verifying your Canadian income, assets, liabilities, and credit history. Pre-approval usually takes a few days, while the full mortgage process takes around 30 days after your offer is accepted. Avoid quick-closing offers.

Property types
Financing is available for various types of properties, including first/second homes, seasonal properties, investments, and commercial properties. The price range is from $50,000 to over $20 million.
American mortgage interest rate
Interest accrues monthly. Fixed-rate terms (15-30 years) offer potentially very low rates. Adjustable Rate Mortgages (ARM) with shorter terms (3-7 years) have rates that adjust after the initial period.
Down payment requirements
Down payment amounts depend on several factors, including your credit score, the property’s location, and the property type. With a good credit score, expect a 20-25% down payment for a second home or investment property.
Closing costs & expenses
Costs can be higher than in Canada. Expect appraisals, inspections, and title closing fees. Banks might charge 1-3% for origination and application. Most mortgages don’t have prepayment penalties, so factor those costs in upfront.
Products and terms
USA mortgages offer extended fixed-term options with very low rates and shorter terms with adjustable rates that adapt to market changes. Many mortgages allow penalty-free early repayment.