Non Resident Loans

In search of a non resident home loan? Our team of mortgage advisors at OzBroker can connect you with the ideal lenders! These lenders can assist you in borrowing the full value of a property and might even waive up to 95% of the Lender’s Mortgage Insurance (LMI). Plus, we can help you get a better deal on your home loan!

Ready for some assistance?

Give us a ring at 0426667696, or complete our no-cost assessment form. We’re here and eager to assist you!

Important Information on Non Resident Loans:

Start by learning how to purchase property in Australia, and then understand the regulations for foreigners investing here.

Remember: Depending on your situation, you might need approval from the Foreign Investment Review Board (FIRB).

How much can I borrow?

Typically, buyers in Australia can borrow up to 80% of the property value.

In some situations, borrowing up to 95% is possible. This can vary based on your residence, whether you are an Australian citizen and the conditions of your current visa.

To see if you’re eligible to borrow more than 80% LVR, contact our expert mortgage brokers at 0426667696 or make an online inquiry. One of our brokers will get in touch with you to understand your needs better.

Details of mortgages for non-residents:

The good news is, that several Australian banks offer similar home loan features and interest rates to non-residents as they do to regular borrowers.

  • Minimum loan amount: $100,000
  • Maximum loan amount: Depends on where you are
  • Maximum LVR: Depends on individual circumstances
  • Interest only: Up to 15 years
  • Fixed rates: Up to 12 years (15 years for Australian Citizens)
  • Loan term: Up to 30 years
  • Professional package discounts: Yes
  • Construction home loans: Yes
  • Extra repayments: Yes
  • Redraw: Yes
  • 100% offset: Yes
  • Internet banking: Yes
  • Phone banking: Yes, but may not be available for international calls

Even though the features might vary from lender to lender, our mortgage brokers can typically find you a non-resident home loan that is flexible for non-resident borrowers and fits your needs.

Reach out to us at 0426667696 or inquire online!

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