Australian expats (citizens or permanent residents) living in the US will be treated just like typical Australian citizens. This means that as long as you’re able to meet standard lending requirements, you may be able to borrow up to:
- 80% of the property value: If you’re unable to provide acceptable documents that can prove your foreign income then you may not be able to borrow more than 80% of the property value.
- 90% of the property value: If you can prove that you’re in a strong financial position and if you have a high income and stable employment then a select few lenders may be able to lend you up to 90% of the property value or more in some cases.
Since most lenders will assess your income as if you were residing in Australia, you may prove your foreign income through:
- Your last two most recent payslips.
- Your last two year’s tax returns.
Please complete our free assessment form or call us on +61 2 9194 1700 and explain your situation so we can help you get a home loan as an Australian expat.
Cheers,