Hi Rushma,
Welcome to the forums.
Australian citizens living overseas can borrow up to 90% of the property value.
Since you earn in United State Dollars (USD), there is a good chance that we will be able to get you approved for a home loan.
Please note that you’ll still need a 10% deposit in genuine savings plus extra funds to cover property purchasing costs including stamp duty, legal fees, mortgage set up costs and Lenders Mortgage Insurance (LMI).
Please call us on +61 2 9194 1700 or complete our free assessment form and we can tell you if we can get you approved.
Cheers,
Otto
An Australian expat looking for a home loan
- Otto Dargan
- Mortgage Specialist
- Posts: 7730
- Joined: Sat Sep 06, 2008 5:55 pm
- Location: Sydney, Australia
- Contact:
- Otto Dargan
- Mortgage Specialist
- Posts: 7730
- Joined: Sat Sep 06, 2008 5:55 pm
- Location: Sydney, Australia
- Contact:
Re: An Australian expat looking for a home loan
Hey Rushma,
You will need to provide your most recent first payslip and a letter from your employer.
Most lenders will also require three months bank statements that show your salary being deposited into your account.
Cheers,
Otto
You will need to provide your most recent first payslip and a letter from your employer.
Most lenders will also require three months bank statements that show your salary being deposited into your account.
Cheers,
Otto
- Otto Dargan
- Mortgage Specialist
- Posts: 7730
- Joined: Sat Sep 06, 2008 5:55 pm
- Location: Sydney, Australia
- Contact:
Re: An Australian expat looking for a home loan
Hey Rushma,
Unless you can’t provide evidence of your foreign income, you don’t need to worry about paying a higher interest rate.
And you can borrow up to 110% of the property value with no deposit and no Lenders Mortgage Insurance (LMI) if your parents own a property in Australia and they’re in a position to act as a guarantor for your home loan.
Cheers,
Otto
Unless you can’t provide evidence of your foreign income, you don’t need to worry about paying a higher interest rate.
And you can borrow up to 110% of the property value with no deposit and no Lenders Mortgage Insurance (LMI) if your parents own a property in Australia and they’re in a position to act as a guarantor for your home loan.
Cheers,
Otto