Overseas Non-Resident & Expat Loans
Overseas Non-Resident & Expat Loans
Expat Loans – Australian citizens living and working abroad can apply for an expat loan to buy a property in Australia. The amount an expat can borrow for a mortgage will depend on their personal situation as each bank will have its own criteria.
Some lenders may only accept loan applications from expats earning foreign income in certain countries. And lenders may also accept properties in specific postcodes. The usual home loan options such as refinancing or cash out may not be available for an expat loan.
There are complexities involved in seeking an expat loan, but experienced broker liked us can help you explore every possible option as each individual situation is different.
We have helped many expats who work in Singapore, Dubai and Middle East to resolve their finance issues and attained good financial return for them.
Lender Criteria for Australian Expat Loans
| Lender criteria | Bank A | Bank B |
|---|---|---|
| Maximum LVR | 70% | Up to 80% for certain foreign currencies |
| Foreign income assessment | May shade foreign income by 40% and apply Australian tax rates | May shade foreign income by 20% and apply Australian tax rates, subject to lender policy |
Key takeaway: Expat loan eligibility varies by lender, foreign currency and income assessment. Most lenders offer around 70–80% LVR, and shading foreign income can reduce borrowing capacity.
Australian expats seeking to buy on home soil should seek independent financial advice to consider the tax implications of their purchase.
Note: Bank A and Bank B are illustrative examples, not actual lender-specific policies.
Non-Resident Loans
An experienced mortgage broker can help you to identify suitable lenders and compare potential interest costs and fees for you to make quality decisions on your purchase/ refinance needs.
We can access to lenders that offer Non-Resident to purchase or refinance or debt consolidation opportunity but often there is no equity releases permitted.
Also there is a need to get Foreign Investment Review Board (FIRB) approval before new to build property can be purchase.
| Lender type | Lending criteria |
|---|---|
| Major & second-tier banks | May consider non-resident borrowers, with conservative LVR limits, strict foreign income verification and currency assessment. |
| Non-bank & specialist lenders | May consider more complex applications, including purchases, refinancing and debt restructuring, typically at higher interest rates and fees. |
Key takeaway: Non-resident lending criteria vary by lender, income currency, verification requirements and LVR.
Important: Foreign investment restrictions and FIRB approval requirements may apply depending on the buyer’s circumstances and property type.
Have Financial Goals? Let’s structure the right strategy to reach them.
Complete the form to claim your FREE $880 Financial Review and $440 Strategic Property Advice Valuation