Fast Home Loan Approval for All Visa Holders
- For any visa holders in Australia
- We approve when others said “no”
- Borrow up to 95% of the purchase price
- Competitive interest rates
- No cost, no obligation service
Skilled (Independent Regional) Subclass 495 Visa Home Loan
Temporary residents in Australia on skilled visas such as a subclass 495 visa can purchase property in Australia and arrange home loan finance up to 90% LVR (that is, with only a 10% deposit). There are no higher interest rates or fees whatsoever for being a temporary resident. There are however tighter credit criteria surrounding non resident lending which is why MAP specialise in non resident home loans. As a general guide, a temporary resident on a 495 visa seeking to borrow over 80% LVR will require;
a) Good employment history in a professional occupation,
b) Clean credit history free from defaults,
c) 5% genuine savings, and
d) Income sufficient to cover existing liabilities and repayments on the new home loan.
Foreign Investment Review Board (FIRB) approval will also be required however providing you plan on living in the home as your principle place of residence, then FIRB approval is generally just a technicality. MAP will provide assistance with the application.
Temporary resident lending is a specialised area of lending within the banks. MAP are experts in this area and have made special arrangements with some lenders to allow temporary residents who are in a strong position to borrow over 80% LVR. 495 Visa Home Loans are available. MAP Mortgage Brokers offer a free service so give us a call or enquire online to see how we can help you.
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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 QLDCraig – you always answered my emails and phone messages very quickly (even at 11pm or when you were overseas)! Although we never met in person we developed a great broker/borrower relationship through correspondence. You went over and above our expectation as a broker – especially when things were taking a long time or other people were making mistakes. You continued to keep us updated on the progress of our loan and I never had to follow you up on anything. You had great attention to detail you were never pushy and I felt like you were always honest with us. I would definitely recommend you to all my friends and family. Thank you so much for helping us buy our first home. We will contact you again when we are ready for the next one! Cheers Chloe Ben
TheresiaThanks for your assistance. You’ve made my first home buying experience very easy & pleasant. I will for sure recommend your service if any of my friends is looking for home loan deals. Regards, Theresia
