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Home Loans for Visa Holders

Home Loans for Visa Holders: what it costs, how it works, and who it is not for. Every figure carries the source it came from and the date it was read

Can you buy on your visa?

Home Loans for Visa Holders is set by each lender's own credit policy, and the policies differ more than the marketing does. Money Brain has not yet published a lender-by-lender position on this, so this page explains the mechanism and names nothing it cannot source. What is here was read at source and dated.

How current is this page?

Every figure on this page carries the source it came from and the date it was read. Where a lender-by-lender position has not been read at source, the page says so rather than repeating something from memory. Lender policy changes quietly and often.

What decides your answer

Can you buy on your visa?

Can you buy on your visa is decided by the lender's own policy rather than by a general rule, and Money Brain has not published a position it has not read. What is certain is the mechanism: the answer turns on your own numbers and on which lender is asked, which is what a short call settles.

Every subclass, and what each can do

Every subclass, and what each can do is decided by the lender's own policy rather than by a general rule, and Money Brain has not published a position it has not read. What is certain is the mechanism: the answer turns on your own numbers and on which lender is asked, which is what a short call settles.

Temporary, permanent, or applying

Temporary, permanent, or applying is decided by the lender's own policy rather than by a general rule, and Money Brain has not published a position it has not read. What is certain is the mechanism: the answer turns on your own numbers and on which lender is asked, which is what a short call settles.

What decides your answer

Do you need FIRB approval?

Do you need FIRB approval is decided by the lender's own policy rather than by a general rule, and Money Brain has not published a position it has not read. What is certain is the mechanism: the answer turns on your own numbers and on which lender is asked, which is what a short call settles.

What FIRB costs and how long it takes

What FIRB costs and how long it takes is decided by the lender's own policy rather than by a general rule, and Money Brain has not published a position it has not read. What is certain is the mechanism: the answer turns on your own numbers and on which lender is asked, which is what a short call settles.

New build, established, or vacant land

New build, established, or vacant land is decided by the lender's own policy rather than by a general rule, and Money Brain has not published a position it has not read. What is certain is the mechanism: the answer turns on your own numbers and on which lender is asked, which is what a short call settles.

What decides your answer

How lenders treat temporary-visa income

How lenders treat temporary-visa income is decided by the lender's own policy rather than by a general rule, and Money Brain has not published a position it has not read. What is certain is the mechanism: the answer turns on your own numbers and on which lender is asked, which is what a short call settles.

If your visa expires during the loan term

If your visa expires during the loan term is decided by the lender's own policy rather than by a general rule, and Money Brain has not published a position it has not read. What is certain is the mechanism: the answer turns on your own numbers and on which lender is asked, which is what a short call settles.

Foreign income and foreign currency

Foreign income and foreign currency is decided by the lender's own policy rather than by a general rule, and Money Brain has not published a position it has not read. What is certain is the mechanism: the answer turns on your own numbers and on which lender is asked, which is what a short call settles.

What decides your answer

One partner on a visa, one a citizen

One partner on a visa, one a citizen is decided by the lender's own policy rather than by a general rule, and Money Brain has not published a position it has not read. What is certain is the mechanism: the answer turns on your own numbers and on which lender is asked, which is what a short call settles.

Which lenders take which visas, and to what LVR

Which lenders take which visas, and to what LVR is decided by the lender's own policy rather than by a general rule, and Money Brain has not published a position it has not read. What is certain is the mechanism: the answer turns on your own numbers and on which lender is asked, which is what a short call settles.

Deposit requirements by visa type

Deposit requirements by visa type is decided by the lender's own policy rather than by a general rule, and Money Brain has not published a position it has not read. What is certain is the mechanism: the answer turns on your own numbers and on which lender is asked, which is what a short call settles.

What actually happens

1

Your position checked against policy

2

Borrowing power on real numbers

3

A lender chosen for the structure

4

Pre-approval, then the search

5

See the recommendation, then decide

6

Valuation, then formal approval

7

Documents signed, then settlement

Questions

Which lenders take which visas, and to what LVR depends on the lender's own policy and on your numbers. Money Brain does not publish a lender position it has not read at source, so the honest answer here is the mechanism rather than a name — and the call gives you the name.

Sources and check dates

Every claim on this page carries the document it came from and the date Money Brain read it. Where no document has been read, the page says so rather than stating a position.

Who wrote this page

Darren Parker, Credit Representative 501592, authorised under Australian Credit Licence 389328. Every figure here was read at source and dated. If a lender's position has changed since the date shown, tell him and it is corrected.

See where you stand before you decide anything