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Expat Home Loans

Brighten Elevate – For Australian citizens, permanent residents or temporary residents with income in AUD or an acceptable foreign currency.

Variable rate from

7.13
%

p.a.*

Principal & Interest
7.63
%

p.a.#

Comparison Rate

Complimentary Assessment

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Loan purpose:
Owner occupied or investment property:

Purchase

Refinance

Equity Release

Suitable borrowers:
Prime:

Australian citizens, permanent residents or temporary residents with income in AUD or an acceptable foreign currency.

Repayment types

Principal and interest

Interest only (up to 5 years)

Interest rate types

Variable rate

Loan size

Min $50,000

Max $2,500,000

Maximum LVR

80%

Maximum loan term

Up to 30 years

Repayment method

Direct Debit, BPAY, Pay anyone

Acceptable security:
Category 1 and 2 Postcodes:

Apartments

Townhouses

Houses

Online Access

Through the Brighten Home Loans portal

Expat Loan Application Documents Checklist

Brighten Elevate
Full Doc Prime Home Loan

Income Documentation – PAYG

  • 2 consecutive payslips

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):

  • The last 2 years Financial Statements, including business/trust and personal Income Tax Returns; AND
  • Latest 2 years ATO Notice of Assessments

OR
1-Year Financials (Only available to loans ≤80%LVR):

  • The most recent 1 year Financial Statements, including business/trust and personal Income Tax Returns; AND
  • Latest available tax assessment

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):

  • 2 consecutive payslips no older than: Monthly payslip ≤45 days old; Fortnightly payslip ≤30 days old; or Weekly payslip ≤30 days old
  • 6 months bank statements showing payments being made via salary credits to the transaction account or ATO Income Statements noting YTD income declared.
  • An Accountant’s Letter confirming that the company has sufficient profits to meet its business commitments and that the business has traded profitably for the last two years.

Other

  • Proof of address if it’s not confirmed by Driver Licence
  • Brighten Supplementary Residency Form

Cash Out

  • Unlimited

Credit History

  • Paid defaults up to $500 may be considered
Complimentary Assessment Become a Brighten Broker

Case Studies

Brighten Elevate

Expat Home Loan using additional income allowances

Mr M is an Australian permanent resident living and working in Saudi Arabia who wished to purchase an investment property in Brisbane. His remuneration consists of two parts: a base salary and allowances for his living and rental expenses.

Read More
Brighten Elevate

Home Loan Success for Self-Employed Expat with USA Income and 1-year Financials

Mr K is an Australian citizen who splits his time between the US and Australia. He has been in the fitness industry for many years and decided to open his own chain of gyms two years ago.

Read More
Brighten Elevate

Self-Employed Expat Secured a Home Loan with 1-Year Financials

Mr. J, an Australian citizen residing in the US, owns a successful movie script-writing business and has several investment properties in the US. He is looking to borrow $2.5 million to purchase an investment property in Sydney, with plans to reside there upon his retirement.

Read More
View All Case Studies

FAQs

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.

How does it work?

1

Submit Your Application

We process your application and supporting documents, and issue you with a complimentary conditional written approval within 48 hours.

2

Valuation & Income Verification

We will begin our valuation and income verification process after Valuation Fee is settled.

3

Documents Signing

We will issue you the formal loan approval, then we will forward you all the necessary documents you need to sign.

4

Settlement

We finalise your settlement, and your loan is released to you. Congratulations!

Use our calculators to find out whether your numbers add up

How much can I borrow?

Try the Borrowing Power Calculator and find out how much you may be able to borrow.

Get Started

What will my loan repayments be?

Discover an estimate of your loan repayments with our Loan Repayment Calculator.

Get Started

How much Stamp Duty will I pay?

Use the Stamp Duty Calculator, and discover the government charges you’ll have to pay on your loan.

Get Started
More Calculators

Why Choose Brighten?

1

Superior Product Offering

Comprehensive and competitive Full Doc, Alt Doc and Construction loans, available to Prime, Near Prime, Expat and Non-Resident buyers.

2

Fast turnaround times

48-hour SLA supported by our experienced team and a proprietary cloud-based loan origination platform.

3

Diverse and Resilient Funding

Well-established warehouse-funding arrangements with multiple Top Tier Banks, a public RMBS programme and a wholesale credit fund to provide further funding diversification.

4

Better Service Proposition

Our experienced team are available when you need them to help you navigate your home loan journey.

5

Trusted Partner

Award-winning non-bank lender with an extensive broker and aggregator network across Australia.

6

Environmental, Social, and Governance

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.

Discover a brighter future
with Brighten

Complimentary Assessment