Re: Getting a home loan with a foreign citizen
Posted: Wed Jan 23, 2019 6:55 pm
Hello Shane. Welcome to the forums.
Being married to a foreign citizen will affect how banks assess your application. Most lenders will ignore the income of your partner if they are not an Australian citizen or an Australian permanent resident. However, this is a grey area of policy and we’ve helped many clients use their spouse's income to improve their home loan borrowing power.
A lender may consider your spouse’s income if:
Cheers,
Being married to a foreign citizen will affect how banks assess your application. Most lenders will ignore the income of your partner if they are not an Australian citizen or an Australian permanent resident. However, this is a grey area of policy and we’ve helped many clients use their spouse's income to improve their home loan borrowing power.
A lender may consider your spouse’s income if:
- They have a valid Australian visa.
- They’re living in Australia.
- They have ties to Australia such as family or close relatives.
- You’ve been married for over two years.
- You have children together.
- You’re the main income earner.
Cheers,