Non-Resident Home Loans in Australia

With such a booming economy and so many affordable locations to choose from at the moment, it’s no wonder why there are thousands of non-residents of Australia looking to purchase a home or an investment property down under these days.

The vast majority of non-residents fall into one of these key categories:

Australian citizens living overseas
New Zealand citizens
Foreign citizens living overseas
Foreign citizens living in Australia on a temporary visa (i.e. working visa, spouse visa or student visa)

So, what’s the process for taking out a non-resident home loan in Australia? While it’s unquestionably a little trickier than a standard mortgage application, it’s certainly possible. Each bank’s lending policy will be slightly different in regards to non-resident home loans, but typically non-residents will come across the same three response types:

Specialised credit assessment for non-resident loan applications (often with no restrictions for Australians living abroad and flexible lending policies when it comes to temporary residents)
Restricted loan amounts available for Australian expats, temporary Australian residents and foreign investors (additional documentation may be required for your application)
A no-lending policy for both foreign citizens and overseas borrowers (either because they are considered high-risk or because the lender’s systems are not implemented in a way that facilitates applicants living outside of the country)

Choosing the right non-resident home loan for your individual circumstances

At BFG Loans, we understand that everyone’s circumstances are different – especially when it comes to buying property while living overseas or residing here temporarily. Our experienced brokers are well-versed in helping Australian non-residents find the ideal home loan to accommodate their budget and requirements.

We’ll work closely alongside you to secure the best possible outcome from our panel of 35+ reputable lenders in Australia. As Sydney’s only social enterprise mortgage brokerage firm to specialise in home loans with a purpose, we want to help you find the most agreeable non-resident mortgage while helping another family find their new home at the same time.

50% of our profits go towards building affordable housing for families in need, at no cost to you. We call it a home for a home. The same applies when we help our customers find Australian expat mortgages, first homebuyer loans, low deposit home loans, bad credit home loans and more.

Speak to BFG Loans

Need help understanding how the buying process works for non-residents of Australia? BFG Loans will help you navigate the process and apply for a non-resident home loan in Australia. Get in touch to get the ball rolling today.

Hear from others how BFG is making a difference

We are so happy to have been able to work with Sam at Benevolence Financial Group on bringing our home ownership dreams to life. As first home buyers we had no idea what we were doing and whether we were even in any kind of position to purchase. Sam explained everything and patiently answered our many questions, talking us through every step of the process.

Jen

Highly recommended. Sam and his team are a highly professional group who helped us with a refinance. They were attentive, proactive, and knowledgeable in their service as they guided us through the transition.

Oliver

Sam from the BFG looked after myself and my Fiance when we got our first home purchase. Sam was very down to earth, professional and really went above and beyond to help us every step of the way. He helped us, offered us support and made sure we get through things very smoothly. he answered all our questions and was always available to chat, was very proactive and always had the answers.

Reta

I can’t recommend enough Sam, he’s caring, savy, organise, responsive and very knowledgeable, Sam really care about you and he will always procure to get the best outcome for you. Thanks so much for your help Sam, I can’t thank you enough.

Patrick

We met with Samuel and right from the start he listened to our goals and got us meeting with the relevant people. He was extremely proactive and found lenders to say yes when our current said no. Have used him many times and would recommend him to any small business owner who is trying to get ahead and set up an income for their future and future family. Look forward to continue to working with him and his team

Andrea

Samuel has been incredibly helpful guiding us through our first home purchase. He’s been incredibly patient, very responsive, and got us a great deal on our mortgage. On top of all that, his business model is geared toward socially responsible and ethically minded businesses/banks – something we really valued. It’s great to know our investment is doing something great for us, but also for others and the world. We would highly recommend this business and specifically Samuel, he’s just an absolute legend!