More than 50,000 skilled workers have migrated to Australia in the past year but did you know that you can buy a home on your 457 visa?
On top of that, 457 visa holders can receive the same benefits as an Australian citizen or permanent resident. Unfortunately, not all lenders can help.
Barriers to 457 visa holders
Firstly, if the savings that you will use as a deposit are held overseas then some banks will decline your loan. Thankfully, not all of them think this way.
Secondly, different banks need different sized deposits. Most banks will only lend you 80% of the purchase price or will decline your loan because of your visa. Some of our lenders can approve up to 95% of the purchase price! That means you need a much smaller deposit to get into the market.
On top of all this, some lenders offer 457 visa holders the same incredible interest rates as Australian citizens! Wow!
Get the experts on your side!
Our mortgage brokers are specialists in lending to people on 457 visas and they know which banks can help. Please call us on 1300 889 743 or fill out our free assessment form and one of our expert brokers can tell you what you need to do in order to buy a home in Australia.