Home Loan Partner Visa: Secure Your Mortgage Today
- Fast turnaround time
- Guide you from preapproval to settlement
- Borrow up to 95% of the purchase price
- No cost, no obligation service
Why Choose a Home Loan Partner Visa?
Partner visa holders face unique challenges when securing a mortgage in Australia, but Professional Home Loans offers solutions tailored to your needs. Here’s why our home loan partner visa stands out:
- Up to 95% LVR: Borrow with a 5% deposit on a partner visa mortgage, saving you from a 20% requirement.
- No FIRB Fees: Joint ownership with an Australian citizen eliminates Foreign Investment Review Board fees.
- Flexible Terms: Choose fixed or variable rates for your spouse visa home loan across cities like Sydney or Perth.
- Expert Guidance: Our team navigates visa complexities for you.
Ready to save thousands on your mortgage? Book in for a Strategy Session Today with Professional Home Loans.
Eligibility for Partner Visa Mortgage
To qualify for a home loan partner visa, certain criteria must be met. Here’s what you need:
- Valid Partner Visa: Subclass 309, 820, or other partner visas, or joint application with an Australian resident.
- Income Stability: Proof of income from you, your sponsor, or both for your partner visa mortgage.
- Deposit: 5-10% deposit, with 95% LVR available for eligible applicants.
- Credit History: Good credit is preferred, but we can assist with imperfect records.
Learn more about visa finances at MoneySmart.
First Home Buyers: Partner Visa Benefits
Are you a first-time buyer on a partner visa? Our home loan partner visa program supports you with:
- Low Deposits: Start with 5% via 95% LVR on your partner visa mortgage.
- Grants: Access First Home Owner Grants in states like Victoria or NSW.
- Guidance: Navigate visa rules with our experts for your spouse visa home loan.
Explore more at our First Home Buyers page.
How to Apply for Your Partner Visa Home Loan
Applying for a home loan partner visa is simple with these steps:
- Eligibility Check: Review your visa and finances.
- Contact Us: Get a free consultation via our Contact page.
- Submit Documents: Provide visa, income, and ID details.
- Get Approved: Finalize and settle with our support.
Free 30-Minute Finance Strategy Session For Professionals
Let us help guide you through the Home loan process.
FAQs – Partner Visa Home Loan
- Can I buy a house in Australia on a Partner Visa?
Yes, you can. However, if you choose to be on title, foreign buyer duty may apply. This varies state to state and is 7% or 8% on your portion of ownership of the property. To avoid this fee, we generally advise to keep the title in the Australian citizen or Permanent Resident’s name
- Can I get a home loan on a Partner Visa?
Yes, you can. In most cases, your Australian or Permanent Resident Partner has to be on loan. You can borrow up to 95% when they are on the loan with you. Some lenders have income requirement where the Temporary Visa Holder cannot earn more than the Australian citizen.
- Do you find temporary visa holders or non-residents are often unaware that they can access home loans?
Most temporary visa holders or non-residents are unaware of the costs associated with buying a property. The two additional costs are FIRB (Foreign Investment Review Board) application fee and foreign buyer surcharge/stamp duty.
Fees for FIRB can be found here.
Foreign Buyer surcharge/stamp duty is state dependent and is percentage of the purchase price. It is 8% in Victoria and NSW, and 7% in other states.
There is no stamp duty surcharge for properties in ACT and NT.
- Are there cases in which banks or lenders will limit a person’s borrowing capacity due to their visa? By how much typically?
The lenders do not treat or limit a person’s borrowing capacity if they are on a temporary visa. As long as they are living and working in Australia, earning AUD, they will treat them the same as an Australian citizen or Permanent Resident.
The only time the banks will limit a person’s borrowing capacity is when they are earning foreign income. They will typically shade their income by 20%. In saying that, some lenders will shade by 10%, whereas others will shade by 40%. It really depends on the lenders policies.
Their policy will also determine whether Australian tax margins are used or whether the local tax rate is use. For example, tax rate in Singapore, UAE and Switzerland is much lower than Australia. Some lenders know this and will allow the local tax rate to be used.
- Are there any other factors that often come as a surprise to people purchasing in Australia as an expat or temporary visa holder
With Temporary Visa Holders in Australia, they will be treated the same as citizens and PR.
For expats, the factors that may come into play are living expenses such as rent. Rent in some countries such as Switzerland and HK are very expensive. If the rent is not covered by the employer, this usually makes it very hard for the client, even they are on strong income.
Credt card limits may also impact their borrowming limit. Most expats also have credit cards with very high limits. This is normal for Middle Eastern countries, Singapore and Hong Kong. The credit card limit can have major impact on a client’s borrowing capacity, as the lenders treat the limit as the balance.
- Are there any types of visas that banks tend to view more favourably?
Lenders will to lend to those that have a high likelihood of staying in Australia and stability in income. These include Skilled, Partner and Business/Investment Visa Holders. Our website highlight the common visas that lenders will lend to. In saying that, I do have a few lenders that will lend to those with Graduate Visas or parents that are overseas buying a property for their children to live in while they study here.
- What advice would you give a person hoping to take out a home loan for Australian property if they aren’t a citizen or permanent resident?
The key thing is to know how much deposit they need. As discussed previously, they need extra funds to cover FIRB and Foreign Buyer surcharge. Depending on their visas, the lenders will lend up to 95%. However, in some cases, the maximum loan is at 80%. On top of the fees, they also need 20% deposit as well as funds to cover legal fees and incidentals.
- Do some banks view non-citizens or non-residents more favourably than others? If so, could you provide a few as an example?
The banks do not typically view any non-citizen/residents more favourably than others. They do however, have certain countries they won’t lend to. Those mainly consist of countries that is politically unstable or currently involved in war. The lenders also have a list of currencies that are acceptable to them. I suppose this is the way that are more favourable to some countries than others, by accepting their currency when applying for a loan.
- Are there any other misconceptions that you see commonly, or myths you’d like to debunk?
The main misconception is that people on are not Australian or are non-Residents are treated differently and pay a higher rate. Temporary visa holders, PR and Australian expats get the same rates as local purchases. The ones that will attract higher rates are non-Residents and foreign income self-employed. This category will fall under the specialty lenders and may have to pay additional risk fee and higher interest rates.
After having two other brokers tell us that we had to be in Australia with proof of payslips to buy a house, we had lost hope of buying from NZ before moving over. Thankfully we found Professional Home Loans online! Michael has been amazing from start to finish. His replies to my emails were always prompt and he managed to sort an issue with our paperwork before settlement. We are very grateful for Michael’s hard work. Without it we likely would have given up on our dream of moving to WA as it would have been tricky getting a rental with pets, especially during a rental crisis.
Melanie Downers
Great service, always attentive and let us know what would happen, how it would work, what was required etc. Tom goes the extra mile and is always available on the phone or email at anytime to explain things. Phenomenal Service. You won’t get better (Although first house purchase in Australia, this is my 4th house purchase and the best service yet by far!)
Peter
We had a very complex mortgage transaction to negotiate as we live overseas and did not have the 20% deposit. However, Michael Nguyen from MAP was instrumental in helping us purchase our first home. We would genuinely recommend Michael to anyone looking to purchase a house. Thanks Michael.
Robert Smith
Working with Michael as our mortgage broker was an absolute pleasure. He was extremely knowledgeable and went above and beyond to make sure we received the best mortgage for our needs. Michael’s communication was exceptional, keeping us informed and updated throughout the entire process. He made what can be a stressful time, a breeze.
With me being on a visa, I was told it was impossible for my partner and I to get a loan. Michael came in and told us he would be able to get our loan approved despite my visa status and safe to say he did not disappoint!
We highly recommend Michael for anyone in need of a mortgage broker. Thank you, Michael!
Komal
Michael succeeded where other brokers couldn’t due to my subclass 461 visa. Clear and prompt comms from start to finish and fantastic service.
Thanks Michael 🥳
Alex S
Tom has been absolutely amazing. From day 1 Tom was so clear and honest about everything. We got a land loan and then a construction loan. Tom assisted us all the way through and answered every question we had fast. Tom made the entire process painless and easier than I expected. I was also surprised to get a better interest rate than I expected. Absolutely 10/10. Highly recommend
Michael Harris