Looks like it's getting easier for Canadians to get Arizona vacation home loans

I lender/friend just emailed me this.

Here it is!!
Loans to Canadians for 2nd Homes
Down Payment 30%
Max Ratios 45%
Income must be fully documented
Reserves 6 Months PITI
Call for details
AZDFI BK 0917054

Lonny Gibson
Loan Officer
NMLS#206242/LO License #0912579
Allied Home Mortgage Corporation
7320 East Deer Valley Road # 110
Scottsdale, AZ 85255
Cell: 602-321-2282
Fax: 480-452-0629

Most Canadians pay all cash. of course, but not all Canadians want to pay all cash.

A lot of Canadians would like to finance a part of their Arizona home and conserve their cash. Unfortunately, it's been difficult for awhile now for Canadians to find such loans.

I hope this is the beginning of a trend! Arizona home prices are so low right now, it's not like there is much downside risk for lenders.