Last Updated: 16th May, 2024

Why do lenders favour Australian expats from the US?

You’re still an Australian citizen, even if you’re living in the US. Also, the US dollar is considered an acceptable currency by many lenders in Australia when it comes to assessing your application. Many Australian expats residing in the US choose to buy property back home to take advantage of the exchange rate and the Australian property market, whose gains often far outstrip those from US markets.

How much can you I borrow?

  • Borrow up to 90% of the property value as an Australian citizen or permanent resident (PR) living in the United States.
  • Self-employed borrowers may be able to borrow up to 80% of the property value with one of our lenders and we have at least one that will use 90% of your net income rather than gross income.

  • Australian Expat Mortgage Assessment Tool

    The assessment tool empowers Australian expats residing in the USA to identify mortgage lenders that can cater to their specific needs.

    Check if you qualify for a home loan as an Australian expat

    Select your residency status.
    Select your country
    Select the currency you are earning in
    Select what you are planning to do.
    How It Works
    1. We will ask you a few questions in order to better understand your situation.
    2. The information you entered will be analysed by our smart assessment system.
    3. Find out if there are any lenders who may be able to approve your home loan.

    What Benefits Do I Get As An Australian Expat In the US?

    • You can qualify for the same interest rates as an Australian citizen.
    • Some lenders will use the US tax rate, as opposed to Australian tax rates, which can greatly improve your borrowing power.
    • Loans are available for purchase, refinance, investment property or to buy a house and land package.
    • You can buy a new property, an existing property or vacant land.

    What are some things I need to consider?

    • If you’re a dual citizen or married to a US citizen, some lenders may treat you as a foreigner, which means choosing a lender that favours expats is essential to getting approved.
    • If you’re earning US dollars, but you can’t provide sufficient documents to prove your foreign income, such as recent payslips or tax returns, then you may be limited to borrowing up to 80% of the property value.
    • Some banks require a Power Of Attorney (POA) in the name of a solicitor or family member.
    Speak with one of our mortgage brokers by calling 1300 889 743 (+61 2 9194 1700 from outside of Australia) or by completing our free assessment form today to find out if you qualify for an expat home loan.

    Will the bank accept US dollars?

    Did you know that Australian expats earning US dollars (USD) are one of the most common types of non-resident applicants that Australian lenders assess?

    If you earn your income in USD, there is a good chance that we can get you approved for an Australian mortgage!

    Not all lenders will accept 100% of your foreign income but we know a few lenders which accept 100% of your USD income.

    Check out the Australian Expat Home Loans for other types of currency that lenders will either accept or consider.

    How will the bank assess my US income?

    When assessing your home loan application, most lenders will assess your income as if you were residing in Australia.

    Australian expats will just need to provide:

    Australians In The US: FAQs

    We’re specialists in mortgages for Australians living in the US!

    Many of our customers are Australian citizens or dual citizens living in the US who want to invest in the Australian property market.

    We will choose the right lender the first time around so you can avoid the headache of getting knocked back and having an unnecessary credit enquiry listed on your credit file.

    This can potentially prevent you from building an investment portfolio with Australian real estate in the future.

    Most of our services are free and we have almost 40 lenders to choose from including major Australian banks and lenders.

    Once we know we can get you approved with a few lenders, we’re in a position to negotiate significant mortgage discounts on your behalf.

    Please call 1300 889 743 (+61 2 9194 1700 from outside of Australia) or complete our free assessment form to speak with one of our experienced mortgage brokers.