Bridging visa mortgage

Couple in Australia on a bridging visaThis page is for people who hold a Bridging Visa A (BVA) or Bridging Visa B (BVB) who would like to apply for a mortgage to buy a property in Australia. Most of the bridging visa holders who we help with a home loan are in the process of applying for their Permanent Residency (PR).

How much can you borrow?

The percentage of the purchase price that you can borrow will largely depend on the type of visa that you are in the process of applying for. Please enquire online and one of our mortgage brokers who specialises in helping people on a bridging visa can quickly let you know your chances of approval.

As a general rule almost all applicants are eligible for finance for up to 80% of the value of the property value.

Borrowing more than 80% of the property value is only available for people who are applying for permanent residency, a preferred temporary visa such as a 457 visa, or a spouse / partner visa.

We are specialists in helping people on a bridging visa to apply for a mortgage. Please either call us on 1300 889 743 or enquire online and one of our brokers will call you to discuss your situation.

How do banks view Bridging Visas?

Applying for a home loan while on a Bridging visa is possible, although it is more complicated. As a general rule people on a Bridging Visa A (BVA) or Bridging Visa B (BVB) can be accepted for a loan for up to 80% of the value of the property that they are buying. This is because A & B visa holders are a lower risk, and have held a substantive visa before.

The amount you can borrow and the lenders that can approve your loan will depend on several different factors:

  • The visa that you were on prior to your bridging visa.
  • The visa that you are applying for now. You can find out how banks see your visa type on these pages:
  • If you are applying for Permanent Residency (PR) or for Temporary Residency (TR).
  • The length of time until your new visa will be granted.
  • Any factors that will have a significant impact on your application such as being married to an Australian citizen or working in a high demand profession.
  • The overall merit of your application.

Did you know that most Australian banks do not accept applications from foreign citizens living in Australia on a bridging visa? You need to apply with a lender who can consider your situation otherwise you are unlikely to be approved.

Other bridging visa holders such as C, D & E are assessed on a case by case basis.

Apply for a bridging visa mortgage

We specialise in helping those on a bridging visa to apply for a mortgage. Our mortgage brokers know which lenders can accept your home loan application and offer you competitive discounts. Please either call us on 1300 889 743 or enquire online, and one of our brokers will give you a call to discuss your eligibility for a bridging visa mortgage.