Get your mortgage approved today as an expat,
temporary or non-resident!

  • Are you looking to buy a property in Australia to settle down?
  • Is the bank demanding a 20% deposit?
  • Unsure whether you will need to pay a higher rate because you’re not an Australian citizen or you’re living overseas?
  • Get the same rates as Australian Citizens and in some cases even better!
  • Minimise your down payment! In some cases borrow up to 95% of the purchase price!

What’s your situation?

As long as your loan is presented in the right way, even if you’re expat, temporary or non-resident you can have it just as good as an Australian Citizen! However ultimately though it’ll come down to your exact situation.

Overseas Investor Temporary Visa Australian living
abroad
Hybrid

With the unprecedented increase in Australian property prices the Australian property market is quickly becoming a very popular investment world wide. We are seeing overseas investors reaping in hundreds of thousands in capital gains!

Will the banks classify me as an overseas investor?

Australian banks class overseas investors as anyone who is living and working abroad that does not hold a VISA or citizenship with Australia.

How will Australian banks view my application?

Unfortunately not favourably. More than 70% of Australian Lenders will not lend to overseas investors! Some of the concerns banks have with Overseas Investors include:

  • Pursuing legal claims against someone overseas
  • Understanding another country's tax, currency and banking systems
  • Determining the risk for someone who has zero credit history
  • Assessing your overseas income accurately to manage the lending risk
  • The above concerns make most banks steer clear away from overseas investors. This makes choosing the right lender even more critical as the options are very limited.

What are my options?

Since all the media attention on the rise of the overseas investors and how they are snapping up Australian homes, options for foreigners have become slimmer than ever. Just over the past year, we have seen more than half of the banks that targeted this market either completely pull out or reduce their maximum lending from 80% to 70%. On a positive note though if presented in the right way to the right bank, as an overseas investor you still have some great options available:

  • You can borrow up to 70% of the purchase price
  • Find a lender who will accept virtually any currency. Most banks will only take on the most common currencies such as GBP, EUR, HKD, NZD, SGD, USD, CAD
  • Pay the same interest rates as Australian Citizen and with help of Mortgage Pros even a better rate than usually advertised
  • You can get your loan approved with a well-known and reputable Australian Bank

Why use a Temporary &
Non-Resident Mortgage Pro?

Temporary and Non-resident borrowing is tricky to say the least! Many banks won't accept your situation all together or require a 20% down payment. Many brokers unfortunately also only deal with clients face to face so are rarely experienced or knowledgeable with temporary and non-residents. To top it all off, whether you're dealing with a bank or mortgage broker most only work between 9am to 5pm. Depending upon your time zone, this could mean your bank or broker has clocked off while you have only woken up!!

Mortgage Pros are Temporary and Non-resident specialists. Unlike other mortgage brokers, we solely target anything which is difficult to get approved! This means often we are dealing worldwide or all around Australia at all hours of the clock. Mortgage Pros invest heavily in knowing all banks policies when it comes to temporary and non-residents to ensure our customers get approved at the most competitive rates for their situation and a minimal down payment. We love getting lower rates for our Expat, Foreigner and Temporary Resident clients.

Get your FREE consultation OR 1300 030 388

Are you on a Temporary VISA?

With Australia taking out first place for the OECD Better Life Index, it is no surprise our immigration rates are one of the highest in the world. The problem though is as a temporary VISA holder, renting is often not the most financially advantageous situation. However in saying that getting approved for a mortgage while on a temporary VISA to buy a home is definitely not a walk in the park.

Australian Banks will see you as a Temporary VISA holder if your VISA does not permit you to remain in Australia indefinitely.

How will Australian banks view my application?

As a higher risk! The bank's biggest concern is around whether you'll be able remain and work in Australia so you can pay back the debt. When the banks are assessing your mortgage application they will scrutinise:

  • The VISA you currently hold. Most banks only accept a working VISA which permits you to remain in Australia for 4 years or more
  • The amount of your down payment. Most banks will require a 20% down payment to mitigate the higher risk. When you include stamp duty, legal fees and application costs likely you'll be looking at needing a total of about 25% of the purchase price in total and more
  • Your employment. This is an indicator for banks to see if you are adhering to the terms of your VISA. For example if your on student VISA and working full times hours, banks won't want to deal with you
  • The length of time left on your VISA. Most banks are looking to see that you have 12 months left remaining on your VISA.
What are my options?

Depending on your VISA number, options can be very scarce! However with our help you'll be able to get your loan approved with minimal down payment and maximum discount.

VISA NumberType of VISAHow much can
I borrow?
Interest Rate
160, 161, 162, 163, 164, 165, 188, 401, 403, 405, 411, 415, 416, 420, 422, 423, 428, 457, 475, 487, 489, 495, 496.WorkingUp to 95% of the purchase priceSame as an Australian Citizen
485, 487, 476, 570, 572, 573, 574, 575, 576, 402, 444StudentUp to 80% of the purchase priceSame as an Australian Citizen
309, 820SpousalUp to 95% of the purchase priceSame as an Australian Citizen
A, BBridgingUp to 95% of the purchase priceSame as an Australian Citizen

Why use a Temporary &
Non-Resident Mortgage Pro?

Temporary and Non-resident borrowing is tricky to say the least! Many banks won't accept your situation all together or require a 20% down payment. Many brokers unfortunately also only deal with clients face to face so are rarely experienced or knowledgeable with temporary and non-residents. To top it all off, whether you're dealing with a bank or mortgage broker most only work between 9am to 5pm. Depending upon your time zone, this could mean your bank or broker has clocked off while you have only woken up!!

Mortgage Pros are Temporary and Non-resident specialists. Unlike other mortgage brokers, we solely target anything which is difficult to get approved! This means often we are dealing worldwide or all around Australia at all hours of the clock. Mortgage Pros invest heavily in knowing all banks policies when it comes to temporary and non-residents to ensure our customers get approved at the best rates for their situation and a minimal down payment. We love getting lower rates for our Expat, Foreigner and Temporary Resident clients.

Get your FREE consultation OR 1300 030 388

Are you on an Australian living and working overseas (Expat)?

With research showing that generation Y expect to live and work overseas at some point, the number of Australian expats are rapidly increasing. The banks will class you as an Australian Expat if you are an Australian citizen or permanent resident living and working overseas.

How will Australian banks view my application?

Unfortunately when it comes to Aussies living abroad most banks are overly conservative. Most banks also do not understand that a lot of Aussie expats are usually in highly sought after professions earning top dollar. There are a few banks however that do accept Australian Expats. These banks will be looking at:

  • Your employment status: Most banks will only accept Permanent Full Time Overseas Jobs. Anything self-employed, casual or part time can be tricky when getting approved.
  • The currency of your income: Most banks will only take on the most common currencies such as GBP, EUR, HKD, NZD, SGD, USD, CAD.
  • Your total deposit: Most banks will unfortunately require a 20% deposit to ensure your file does not go to a Lender's Mortgage Insurer.
What are my options?

Although many banks can be very conservative when dealing with Australians abroad, there a few really good options for those who can get their loan approved with the right bank.

  • Borrow up to 95% of the purchase price.
  • Find a lender who will accept virtually any currency. Most banks will only take on the most common currencies such as GBP, EUR, HKD, NZD, SGD, USD, CAD.
  • Pay the same interest rates as Australian living here and with help of Mortgage Pros get a negotiated interest rate below what is usually advertised.
  • Get your loan approved with a well known Australian Bank.

Why use a Temporary &
Non-Resident Mortgage Pro?

Temporary and Non-resident borrowing is tricky to say the least! Many banks won't accept your situation all together or require a 20% down payment. Many brokers unfortunately also only deal with clients face to face so are rarely experienced or knowledgeable with temporary and non-residents. To top it all off, whether you're dealing with a bank or mortgage broker most only work between 9am to 5pm. Depending upon your time zone, this could mean your bank or broker has clocked off while you have only woken up!!

Mortgage Pros are Temporary and Non-resident specialists. Unlike other mortgage brokers, we solely target anything which is difficult to get approved! This means often we are dealing worldwide or all around Australia at all hours of the clock. Mortgage Pros invest heavily in knowing all banks policies when it comes to temporary and non-residents to ensure our customers get approved at the best rates for their situation and a minimal down payment. We love getting lower rates for our Expat, Foreigner and Temporary Resident clients.

Get your FREE consultation OR 1300 030 388

Does this apply to me?

Hybrid, a concept recently established by the banks, refers to when there are two or more applicants and they hold different residency. For example a couple where one is on a 457 Visa and the other is an Australian Citizen and they would like to borrow together. If this does apply to you, generally it will open up a lot more options for you!

How will Australian banks view my application?

It all depends upon how you mix and match. Any kind of mix with an Australian citizen or permanent resident, will definitely be seen more favourably. However don't take this as definite go ahead. There are still large number of banks who will require 20% deposit from you so choosing the right lender is going to be crucial. Other mixes can get quite tricky. We recommend you give us a call to see exactly what the banks can do for your hybrid.

What are my options?

Depending upon your situation, if your loan is presented in the right way to the right bank you can:

  • Australian Citizen or PR (living in Australia) plus any kind of non-resident: Borrow up to 95% of the purchase price with a competitive interest rate.
  • Temporary VISA plus Foreigner living and working overseas: Gets Tricky! Borrow up to 80% of the purchase price with a competitive interest rate.
  • Australian Citizen or PR (living abroad) plus any kind of non-resident: Borrow up to 95% of the purchase price with a competitive interest rate.

Why use a Temporary &
Non-Resident Mortgage Pro?

Temporary and Non-resident borrowing is tricky to say the least! Many banks won't accept your situation all together or require a 20% down payment. Many brokers unfortunately also only deal with clients face to face so are rarely experienced or knowledgeable with temporary and non-residents. To top it all off, whether you're dealing with a bank or mortgage broker most only work between 9am to 5pm. Depending upon your time zone, this could mean your bank or broker has clocked off while you have only woken up!!

Mortgage Pros are Temporary and Non-resident specialists. Unlike other mortgage brokers, we solely target anything which is difficult to get approved! This means often we are dealing worldwide or all around Australia at all hours of the clock. Mortgage Pros invest heavily in knowing all banks policies when it comes to temporary and non-residents to ensure our customers get approved at the best rates for their situation and a minimal down payment. We love getting lower rates for our Expat, Foreigner and Temporary Resident clients.

Get your FREE consultation OR 1300 030 388

  •  We were looking to get our next investment property and wanted to get the best deal. We spoke with two of the very large mortgage brokers and were pre-approved. A friend recommended we also speak with Mortgage Pros so we met with the guys and lucky we did!.

    They managed to refinance our existing property and give us money to fund our next purchase. The process was so easy. They also managed to get us a discount below the banks advertised rate! I cannot recommend Mortgage Pros enough. Thank you team and we look forward to working with you again for our next property purchase.

    Bilal and Jowan
  •  My circumstances were a little out of the box! I actually work for a bank as a branch manager so I feel like the dentist that recommends tooth paste in the the television advertisements by writing this recommendation! I had been working with the bank for over 10 years, however had recently moved into a new role and was subject to a 3 month probation period.

    The bank I work with declined my application on this basis alone even though I had a 20% deposit! Frustrated with my circumstances I did some research and came across the Mortgage Pros website! A quick phone call and I was reassured that I would most likely be eligible with a major bank! The end result was a pre-approval within 2 business days at a much lower rate than my own bank and also lower than the recommended banks advertised rates ! These guys are certainly pros! Thank you

    Naj
  •  Just wanted to say a very big thank you to Mortgage Pros! They were able to get us the approval without the need for a deposit in 24 hours. With their help we were able to make it just in time for auction. They also got us a better rate than all our family and friends!

    Peter Ha and Ashley Xu
  •  Mortgage Pros are superstars. Westpac had declined my loan for my next investment venture to buy 5 units on one title. I called Mortgage Pros and from there it was just magic. Not only did they get me a quick approval but they also negotiated a further interest rate discount for my other 6 investment properties. Mortgage Pros saved me thousands!

    Philip Cao

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