If you have no Residency Status in Australia and looking to invest in property, we can help you with a home loan

  • Fast turnaround time
  • Guide you from preapproval to settlement
  • Borrow up to 70% of the purchase price
  • No cost, no obligation service
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Home Loans for Overseas Non-Residents

Australia is a popular country for property investors from all over the world. A common question from overseas investors is whether Non-Residents can get a loan to buy properties in Australia. The answer is “yes, you can”. Non-Residents are Individuals that have a Temporary Visa or are citizens from another country, and are living overseas. Read our guide finance for non-residents.

There are, however additional fees to pay when purchasing a home as a Non-Resident. These fees were introduced in July 2015 as a way for the Australian Government to protect their citizens for increasing house prices from foreign investors. The fees that are applicable for Non-Resident buyers include:

– Foreign Buyer Stamp Duty / Surcharge

– Foreign Investment Review Board Application Fees

These will vary depending on the state that you are buying in and the Purchase price. We can give you an estimate of how much funds you need to proceed to a loan application.

 

The maximum lending (Loan to Value Ratio) for Non-Residents is 70%. This means you will need more funds to cover all the Government fees plus 30% deposit. We can assist whether you work for a Company or if you have your own business.

 

Why use a Specialist Non-Resident Mortgage Broker?

Bank policy on home loans for non-residents is a minefield with competing lenders applying vastly different credit policies and home lending criteria. This difference in lending criteria can result in one bank approving the home loan while others will decline the application, reduce the loan amount or require a larger deposit from the borrower.

For example, some lenders will:

– Only lend to expats currently residing in a country that has an Australian Consulate,

– Only lend to Australian citizens abroad that are earning a particular currency,

– Not lend to non-residents at all,

– Apply Australian taxation to expat income for servicing purposes and discount
for currency fluctuations.

This is where Professional Home Loans Brokers can help. We understand the complex non-resident lending policies and requirements for all the Australian banks and non-bank lenders to ensure that your home loan is approved the first time and at the best available interest rate.

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!

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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

“You not only got the loan approved on time, but at a better rate! You are professional, honest, dedicated & obviously love what you do-your passion shines through & I look forward to doing all my loans through you from now on!”

Linh

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