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Non-Resident Home Loans

Brighten Evergreen – Competitive residential home loan also available to Non-Residents of Australia

Variable rate from

7.93
%

p.a.*

Principal & Interest
8.42
%

p.a.#

Comparison Rate

Complimentary Assessment

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Loan purpose:
Owner occupied or investment property:

Purchase

Refinance

Equity Release

Suitable borrowers:
Australian Temporary Residents or Non Residents

Salaried employees

Self-employed

Repayment types

Principal and interest

Interest only (up to 5 years)

Interest rate types

Variable rate

Fixed rate for 1 to 3 years

Loan size

Min $150,000

Max $2,500,000

Maximum LVR

80%

Maximum loan term

Up to 30 years

Repayment method

Monthly repayments by direct debit

Acceptable security

Apartments

Townhouses

Houses

Acceptable Country

Australia, Bahrain, Brazil, Canada, China, France, Germany, Hong Kong SAR, Indonesia, Japan, Malaysia, Macau SAR, New Zealand, Qatar, Saudi Arabia, Singapore, South Africa, South Korea, Switzerland, Taiwan, United Arab Emirates, United Kingdom, USA, Vietnam

Online Access

Through the Brighten Home Loans portal

Non-Resident Loan Application Documents Checklist

Employee (PAYG)
I’m a borrower with salaried income

Identification documents

  • Certified copy of Passport; AND
  • Certified copy of ID card

Credit Report

  • Personal Credit Report from the country of residence

Income Documentation

  • Brighten template Employment Income Verification Form (signed by employer); AND
  • 3 months bank statements (within 45 days of assessment); OR
  • 2 consecutive payslips no older than: Monthly payslip ≤45 days old; Fortnightly payslip ≤30 days old; or Weekly payslip ≤30 days old

Evidence of Funds

  • Showing funds to complete the purchase (if not yet settled)

Evidence of security 

  • Copy of Contract of Sale for purchase; OR
  • Copy of Title, if property is being refinanced (and 6 months mortgage statements), or if property is being secured for equity release.

Additional income supporting documents (if applicable)

  • Rental income: lease agreement or recent rental statement or 3 months bank statements with rental crediting dated within 45 days. (Accepting rental income outside Australia)
  • Investment income: 12 months investment fund or share portfolio statements and dividends received. (Accepting investment income outside Australia)
Self-employed
I’m a borrower with self-employed income

Identification documents

  • Certified copy of Passport; AND
  • Certified copy of ID card

Credit Report

  • Personal Credit Report from the country of residence

Income Documentation

  • 6 months personal bank statements (within 45 days of assessment); AND
  • 2 years business financials; OR
  • Brighten template Self Employed Income Verification Form (signed by practicing accountant)

Evidence of Funds

  • Showing funds to complete the purchase (if not yet settled)

Evidence of security 

  • Copy of Contract of Sale for purchase; OR
  • Copy of Title, if property is being refinanced (and 6 months mortgage statements), or if property is being secured for equity release.

Additional income supporting documents (if applicable)

  • Rental income: lease agreement or recent rental statement or 3 months bank statements with rental crediting dated within 45 days. (Accepting rental income outside Australia)
  • Investment income: 12 months investment fund or share portfolio statements and dividends received. (Accepting investment income outside Australia)
Complimentary Assessment Become a Brighten Broker

Case Studies

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
Brighten Evergreen

Buying a property with temporary graduate visa in Australia

After graduating from Monash University, Mr L applied for a Temporary Graduate (Subclass 485) Visa.

Read More
View All Case Studies

FAQs

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.

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 Application Fee and Valuation Fee are 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.

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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 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.

Discover a brighter future
with Brighten

Complimentary Assessment