Fast Home Loan Approval For 461 Visa Holders
- For NZ Citizens (461 Visa holders)
- We approve when others said “no”
- Borrow up to 95% of the purchase price
- Competitive interest rates
- No cost, no obligation service
MAP Home Loans are specialists in helping NZ passport holders and their temporary resident partners on NZ family relationship visa subclass 461 obtain the right home loan for their needs. There are a number of areas which make it difficult and confusing for New Zealand citizens who want to find a suitable NZ subclass visa home loan with their spouse. The following is some general information to assist.
You will not pay a higher interest rate than an Australian citizen or permanent resident applying for the same loan. The home loans that subclass 461 visa holders can obtain are in no way different from any other and offer the same options for interest rates. It is merely that many if not most lenders will not lend or will require large deposits. But MAP has a couple of lenders who can assist despite the visa issue.
Many lenders or brokers advise subclass 461 visa holders that 80% is the maximum they are entitled to borrow but we have arrangements with certain financial institutions and may be able to help you get more if necessary. As a rule you may be able to borrow up to 95% of the LVR. That is, you could be buying your home with only a 5% deposit plus stamp duty and fees.
If you are looking to borrow more than 80% of the total price of the property it is a good idea to speak to us. We have in depth experience and knowledge of the different products available to subclass 461 visa holders and may be able to help you borrow up to 95%. Contact our office on +61 07 2143 8230 and find out how we can help you.
This is a short presentation by Craig Vaughan of MAP Home Loans on arranging a home loan to purchase property in Australia whilst on a temporary resident visa or as a non resident. The video covers the deposit requirements and eligibility requirements to arrange mortgage approval as well as briefly covering the steps involved in purchasing a home or investment property in Australia.
As a subclass 461 visa holder you may be concerned that your options are limited. This is not the case. You can apply for a standard home loan from a bank which comes with all the features offered to Australian citizens and permanent residents. This is great if you are hoping to start a family soon or are just looking for some extra flexibility from your home loan. Some of the features that you may be able to apply for include:
Subclass 461 visa holders will need to obtain approval from the Foreign Investment Review Board (FIRB) before going unconditional on a property purchase. However, only the partner who is on the NZ family relationship subclass 461 temporary visa will need approval. This process is relatively straight forward and MAP will guide you through the process.
If you are considering applying for a home loan in Australia and would like some advice and assistance call our office today on +61 07 2143 8230. We specialise in helping NZ passport holders and 461 visa holders secure home loan finance so they can truly make Australia their home.
Request an exploratory chat about your options and how to secure fast home loan approval, at a competitive rate – even if you don’t have a 20% deposit.
PeterGreat service, always attentive and let us know what would happen, how it would work, what was required etc. Craig goes the extra mile and is always available on the phone or email at anytime to explain things. Phenomenal Service. You won’t get better (Although first house purchase in Australia, this is my 4th house purchase and the best service yet by far!).
Chloe and Ben P.A and Chef from Auckland New Zealand on a 461 Visa, Bought a New Home in Brisbane QLDWe are so happy – I have no idea how I will get any sleep tonight. A big thank you for all your hard work and expertise!! Looking forward to catching up with you in person in the near future All the best and enjoy the weekend (and hopefully a few beers too) Thanks Craig!! Cheers Chloe & Ben
AnthonyBeing In the Navy and away from home a lot I found it hard to find time to sought my loan out with the bank but working with Craig I found the process really easy and in the future when it’s time to go for another loan I will being looking up craig again to use his expertise.
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