Home Loan for Partner Visa 461 Holders

If your intention is to buy a home in Australia with your NZ citizen spouse and you currently hold a NZ Family Relationship subclass 461 visa, Professional Home Loans can assist you.

What is the subclass 461 Visa?

Subclass 461 Visa is for a person who is not a New Zealand citizen but is a member of a family unit of a New Zealand citizen. With this Visa, you can live, work, and study in Australia for 5 years from the date your visa is granted and travel to and from Australia as many times as you want during that period. Information about the visa can be found here.

Can I get a mortgage on a 461 Visa?

Yes, you can get a mortgage on a partner visa 461 Australia.

Can I buy the property by myself?

Yes, you can. You do not need to buy with a NZ citizen. However, foreign buyer stamp duty will be applicable. If the question is, “Can NZ citizen buy house in Australia?” If you are buying with your partner, a NZ citizen, we can structure the ownership to avoid paying foreign buyer stamp duty, and the FIRB (Foreign Investment Review Board) fee is not applicable.

What percentage of the total property cost will I be able to borrow?

Although you may have been advised that 80% LVR is the maximum you can borrow on a partner visa 461, in some cases, you may be able to borrow up to 95% of the total purchase price. The key criteria to be approved over 80% are;

– Minimum 1 year left on your visa (there are exceptions to this requirement – contact us for details),

– Good employment history (the general rule is no more than 3 employers in the past 2 years)

– Clean credit free of both credit defaults and multiple credit inquiries

– 5% Genuine savings

Due to our knowledge and experience working with migrants, our specialist mortgage advisers have special arrangements with some lenders. This means that we may be able to arrange mortgage finance over the standard 80% LVR even if you have been advised otherwise.

Need Help? Contact Us at 1300 55 44 97!

Our expert team knows lenders who’ll approve your loan on a temporary spouse visa. The lender’s risk will be reduced if you are married to a permanent Australian citizen, easing the loan approval process.

Mortgage Qualifications for Provisional Spouse Visa

Lenders see you as high risk if your visa isn’t permanent. However, most banks accept a spouse or partner visa mortgage for home loans for various spousal visa subclasses.

Additional Stamp Surcharge for Foreigners?

This can vary by state, and special conditions might apply to you. Stay updated with the latest policies, and reach out to us for tailored information. There are ways to avoid this fee depending on the structure of the ownership

What is the next step?

With Professional Home Loans as your trusted mortgage partner, we specialise in navigating the complexities of temporary residency and have established relationships with banks that are open to accommodate your unique situation. We understand the importance of securing the financing you need to achieve your homeownership dreams, and we’re here to guide you through the process every step of the way, from the partner visa 461 processing time to other questions that may be raised during the process.

There is no cost for our service and absolutely no obligation.

Contact us online or call 1300 55 44 97 today to learn how we can answer all your questions about getting a home loan on a Temporary Visa!

Free 30-Minute Finance Strategy Session For Professionals

Let us help guide you through the Home loan process.

FAQs – Partner Visa 461 Home Loan

No, there is no direct way to switch the temporary partner visa 461 to permanent residency. You need to ask for renewal for a further 5 years’ stay after your visa has expired.

To determine if your partner is an “Eligible New Zealand citizen”, check if they possess a Special Category (subclass 444) visa, which is a key requirement for this status.

If you hold a subclass 461 visa, you must secure approval from the Australian Foreign Investment and Review Board (FIRB) prior to purchasing a house. This requirement does not apply to New Zealand citizens.

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

If you are on the Partner Visa 461, we can help you with a home loan