Can I get a mortgage on a work visa???

Any general questions you might have in regards to loans and finance.
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albee
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Joined: Wed Apr 07, 2010 12:04 pm

Can I get a mortgage on a work visa???

Postby albee » Wed Apr 07, 2010 12:09 pm

Hi, I'm currently living in australia on the subclass 457 visa, is there anyone out there who has got a mortgage on this type of visa? Could you point me in the right direction?

Also, is it true that I have to get FIRB approval to buy property?

Thanks.

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Otto Dargan
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Re: Can I get a mortgage on a work visa???

Postby Otto Dargan » Wed Apr 07, 2010 2:04 pm

Hi Albee,

Yes you can still get approval for a mortgage while on a 457 work visa. Generally ou can borrow up to 80% of the property value and in some cases 90%. You shouldn't need FIRB approval in your situation if it is a home for you to live in. Please refer to our work visa mortgage page for more information.
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