loan-bridging visa

Any general questions you might have in regards to loans and finance.
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cocos
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Joined: Fri Nov 06, 2009 12:38 pm

loan-bridging visa

Post by cocos »

i am currently under a bridging visa A, am awaiting decision for permanent residency. Am i allowed to purchase a house & if so, take a home loan. what is the max % loan? would i still need FIRB approval for purchase of home?

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Otto Dargan
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Re: loan-bridging visa

Post by Otto Dargan »

Hi Cocos,

Yes you are allowed to purchase a home however if you have not been on a 457 visa or spouse visa then you will likely only be able to borrow 80% of the property value. I am unsure if FIRB approval would be required for your situation so please contact FIRB to find out.

You would not receive first home benefits unless you are a Permanent Resident of Australia.
Otto Dargan
Mortgage Broker
P | 1300 889 743
Home Loan Experts

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