Loan purposeOwner occupied or investment property: |
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Suitable borrowers:Australian Temporary Residents or Non Residents |
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Acceptable security: |
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Online Access |
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Identification documents
Credit Report
Income Documentation
Evidence of Funds
Evidence of security
Additional income supporting documents (if applicable)
Identification documents
Credit Report
Income Documentation
Evidence of Funds
Evidence of security
Additional income supporting documents (if applicable)
What is a Non-resident Home Loan?
A non-resident home loan is a Full Doc or Alt Doc home loan, which is available to borrowers who are non-residents of Australia or have non-Australian sourced income.
What kind of property can non-residents buy in Australia?
The Foreign Investment Review Board (FIRB) restricts the type of property that non-residents can purchase in Australia. Non-residents are restricted to buying either new residential properties, established dwellings for redevelopment or vacant blocks of land for development. For more information, click here.
What are the income currencies accepted in order to apply for a non-resident home loan?
At Brighten, we accept over 24 income currencies, most notably: Australia, New Zealand, China, Hong Kong, Singapore, United Kingdom, United States of America and Vietnam. To see a full list of our accepted currencies, view our product guide.
Do non-residents need approval from the Australian Government to get a mortgage?
Yes. The authority on non-resident property purchases in Australia is the Foreign Investment Review Board (FIRB). Any non-resident wanting to buy a residential house, apartment or block of land in Australia must satisfy the rules laid out by the FIRB.
Do you offer interest only home loans?
Yes, we do, up to a maximum of five years. The loan will then revert to Principal and Interest repayments for the remaining term.
What is the minimum and maximum home loan size?
The minimum home loan amount is $150,000; and the maximum is $2,500,000.
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 Loan to Value Ratio (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 Application Fee and Valuation Fee are 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 Evergreen (P&I) loans ≤65% LVR and $1m. An additional 0.3% p.a. loading is applicable for all Self-employed loans. Fees, charges and Terms and Conditions apply. # 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.
