Loan purposeOwner occupied or investment property: |
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Suitable borrowers:Prime: |
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Max Loan Term |
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Acceptable security:Category 1 and 2 Postcodes: |
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Online Access |
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Income Documentation – PAYG
Note: where serviceability is reliant on additional income from employment such as overtime, allowances, bonuses, the most recent PAYG summary / Single Touch Payroll (STP) summary must be provided.
Income Documentation – Self-employed
2-Year Financials (Available to loans ≤95%LVR):
OR
1-Year Financials (Only available to loans ≤80%LVR):
OR
Company Wages: The applicant(s) must demonstrate that they have received a regular salary or director wages consistently for the last 6 months
(Only available to loans ≤80%LVR):
Other
Cash Out
Credit History
What is an expat home loans?
An expat home loan is a mortgage product tailored for Australian citizens and residents living overseas, as well as new migrant living in Australia.
Can expats get a mortgage in Australia while living overseas?
Yes, Australian citizens as well as permanent residents and temporary residents earning income in AUD or an acceptable foreign currency, are eligible to apply for a mortgage while living abroad. Eligibility criteria apply.
What income currencies are accepted for expat home loan?
Different lenders have different accepted currencies. At Brighten, we accept over 20 income currencies, most notably; Australian Dollar (AUD), New Zealand Dollar (NZD), Chinese Renminbi (CNY), Hong Kong Dollar (HKD), Singapore Dollar (SGD), United Kingdom Pound Sterling (GBP), United States Dollar (USD) and Vietnamese Dong (VND).
Do expats need approval from the Australian Government to get a mortgage?
For Australian expats and permanent residents, FIRB approval is not required. Temporary residents may need to apply unless their spouse is an Australian citizen or a permanent resident. Click here to read more.
What types of security are acceptable?
We accept houses, townhouses, and apartment units larger than 50 sqm located in category 1 and 2 locations.
Do you offer interest only loans?
Yes we do, up to a maximum of 5 years. The loan must revert to Principal and Interest repayments for the remaining term.
What is the minimum and maximum loan size?
The minimum loan amount is $50,000, and the maximum loan amount is $2,500,000.
What is the maximum LVR?
The maximum LVR is 80%.
How much can I borrow?
The maximum amount you can borrow for a home loan depends on various factors, such as your income, liabilities, credit history, and the LVR.
Brighten’s online borrowing calculator offers an estimate based on your current financial situation, helping you understand how much you could potentially borrow.
Submit Your Application
We process your application and supporting documents, and issue you with a complimentary conditional written approval within 48 hours.
Valuation & Income Verification
We will begin our valuation and income verification process after Valuation Fee is settled.
Documents Signing
We will issue you the formal loan approval, then we will forward you all the necessary documents you need to sign.
Settlement
We finalise your settlement, and your loan is released to you. Congratulations!
Try the Borrowing Power Calculator and find out how much you may be able to borrow.
Discover an estimate of your loan repayments with our Loan Repayment Calculator.
Use the Stamp Duty Calculator, and discover the government charges you’ll have to pay on your loan.
Comprehensive and competitive Full Doc, Alt Doc and Construction loans, available to Prime, Near Prime, Expat and Non-Resident buyers.
48-hour SLA supported by our experienced team and a proprietary cloud-based loan origination platform.
Well-established warehouse-funding arrangements with multiple Top Tier Banks, a public RMBS programme and a wholesale credit fund to provide further funding diversification.
Our experienced team are available when you need them to help you navigate your home loan journey.
Award-winning non-bank lender with an extensive broker and aggregator network across Australia.
Good governance, social responsibility and sustainability are key pillars of our culture.
*Available for new Brighten Elevate loans (OO P&I) ≤70% LVR and $1.5m. #The comparison rate is based on a secured loan of $150,000 and a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
