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Expat, Non-resident
Home Loans
Can expats or non-residents buy property in Australia? You can, but it comes with extra steps. At LoanZaver, we assist expats and non-residents with the full loan process, helping you meet lender criteria and understand exactly what’s needed.
Expat and Non-Resident Loans
What You Need to Know About Borrowing In Australia
Securing finance as an expat or non-resident is different than the standard home loan application. Often, lenders take a more cautious approach.
Lenders may also require a larger deposit. Also, not all currencies are accepted and loan features my differ between lenders. You may need to submit additional documentation when applying for the loan.
Thankfully, LoanZaver is here to help you through the entire loan process – from your application right through to settlement and beyond.
Applying For a Home Loan
Choosing the Right Lender
Choosing the right lender is vital when applying for an expat or non-resident loan. Terms are usually stricter, and not all banks support these kinds of loans.
Eligibility will differ between lenders, dependant on your income type and residency status. Non-residents may also need FIRB approval before purchasing. Your LoanZaver broker will help you understand what you qualify for, prepare the right documentation and guide you through each step of the process.
Ex-Pat or Non-Resident Home Loans
FAQs
Answers to the most common questions about ex-pat and non-resident home loans.
How much deposit do I need as an expat or non-resident?
Every lender is different, but man ask for a larger deposit from expats or non-resident borrowers. Often at least 20–30% is required, but non residents may need even more depending on citizenship, visa type and income currency.
Will Australian banks accept my foreign income?
Many lenders do, but your LoanZaver broker can guide you to lenders that support your currency and employment type.
What is FIRB and do I nee FIRB approval to buy property in Australia?
Non-residents usually need FIRB approval before purchasing residential property. Australian citizens and permanent residents living overseas do not need FIRB approval.
Can expats avoid Lenders Mortgage Insurance (LMI)?
Yes, if you have a large enough or a guarantor. Some lenders offer no-LMI options for certain borrowers. Your LoanZaver broker will confirm your eligibility.
Does my visa type affect my ability to secure a home loan?
Yes. Temporary visa holders or non-residents face more restrictions and may have limited lender options. Citizens and PRs living overseas have much more flexibility.