Your Australian Dream, Wherever You Are.
Expert guidance on non-resident home loans for investors and visa holders looking to buy property in Australia.
Navigating the Complexities
Purchasing property in Australia as a non-resident or visa holder can come with unique challenges. Beyond the standard loan application process, you’re faced with strict lending criteria from traditional banks, complex Foreign Investment Review Board (FIRB) rules, and a limited pool of lenders willing to offer finance. It can feel like a daunting task to understand the requirements and ensure your investment is compliant. Without expert guidance, many non-residents find themselves lost in paperwork or missing out on opportunities.
Besta Loans: Your Global Investment Partner
At Besta Loans, we simplify the path to owning Australian property for international clients. We act as your dedicated expert, fluent in the nuances of non-resident lending and FIRB regulations. Our strength lies in our extensive network of specialized lenders who actively cater to the needs of non-residents and visa holders. We’ll guide you through every regulation, present you with the best loan options, and ensure your application is seamless, making your Australian investment journey clear and confident.
How It Works
Our process is designed to be simple and efficient, ensuring you have a smooth path to securing your new home in Australia.
Step 1: Initial Consultation
We start with a comprehensive consultation to understand your financial situation, visa status, and investment goals.
Step 2: Review Your Circumstances
We’ll assess your financial position, residency status, and investment goals to understand your unique eligibility.
Step 3: Access Specialised Lenders
Leveraging our network, we identify and present loan options from lenders who specialise in non-resident mortgages.
Step 4: Application & Approval
We meticulously prepare and manage your application, including FIRB considerations, to ensure a swift approval process.
Testimonials here
Frequently Asked Questions
Do I need to be an Australian citizen to get a home loan?
No, you do not need to be an Australian citizen to get a home loan. Many lenders are willing to provide loans to non-residents who hold a valid visa and meet their lending criteria. The type of visa you have will determine which lenders you can apply to and the loan options available. We specialize in matching your unique visa status with the right lender.
What is FIRB approval, and do I need it?
The Foreign Investment Review Board (FIRB) is an Australian government body that reviews foreign investment in Australia. As a temporary resident or non-resident, you will likely need to apply for and receive FIRB approval before you can purchase a property. We will help you understand the specific requirements for your situation and guide you through the entire application process, ensuring it is completed correctly. Please note that FIRB approval is a government requirement and comes with a fee.
How much deposit is required for a non-resident?
For non-residents, a deposit of at least 20% to 30% of the property’s value is typically required. The exact amount can vary depending on the lender and your financial circumstances. While this is often higher than the deposit for Australian citizens, it helps lenders offset the risk associated with non-resident lending. We will work to find you a lender with the most favorable deposit requirements.
What documents will I need to provide?
You will generally need to provide documents that prove your identity, income, and visa status. These often include:
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Proof of ID (Passport, Australian driver’s license)
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Proof of Income (payslips, employment contract)
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Visa documentation
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Evidence of your deposit funds
We will provide you with a full, personalized checklist to ensure you have everything you need before we submit your application, making the process as smooth as possible.
Will a broker fee be charged?
In most cases, no, a broker fee will not be charged to you directly. At Besta Loans, we are paid by the lender once your loan is successfully settled. This means our service to you, from consultation to application, is typically at no cost to you. We believe in providing transparent and honest service every step of the way.