Which Lenders Accept Foreign Income for Australian Expats?

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Are you curious to find out which lenders accept foreign income as a proof of income to get a home loan in Australia? Are you searching for the right lender for a home loan or to refinance an existing one, and do you find the process complex and challenging?

It’s true that it’s not always easy to find the right lender and that knowing which lenders accept foreign income from Australian expats.

But you’ll have no problems discovering the answer to how to get a home loan with foreign income in Australia with us at Odin Mortgage. So, let’s make a start.

Get a free Australian mortgage assessment today.

Apply online to get a free recommendation with real rates and repayments.

Do Home Loan Lenders Accept Foreign Income from Australian Expats?

In relation to the questions “do lenders accept foreign income for Australian expats” and “which lenders accept foreign income for Australian expats?”, many banks will only assess between 60% and 80% of an expat’s actual income for home loan applications.

Some of the foreign income types accepted by lenders include rental income (but only a percentage of it), self-employed income, pay as you go (PAYG), liquid assets and commissions.

Will Lenders Consider All of My Foreign Income for a Home Loan in Australia?

When considering which lenders accept foreign income for Australian expat mortgages, it’s important to understand that not all of your income may be assessed. This is because lenders will consider the currency fluctuation risks associated with foreign income and foreign currencies.

A certain percentage of your income will be assessed depending on the risks associated with your particular income and currency.

Which Mortgage Broker is Best for Finding Out Which Lenders Accept Foreign Income from Australian Expats?

One of the best mortgage brokers who are assisting Australian expats in their quest to find the right lender is Odin Mortgage.

The Odin Mortgage team makes the entire mortgage process completely stress free, providing you with the top recommendations for your set of circumstances as an Aussie expats looking for an investment property or a property in Australia.

Which Lenders Accept Foreign Income for Australian Expats and Offer Expat Home Loans?

There are in fact a few lenders who will accept foreign income for Australian expats and offer home loans. Here are a few examples of lenders who provide expat mortgages who provide expat mortgages:

Does HSBC Provide Home Loans for Australian Borrowers with Foreign Income?

Yes, HSBC Bank does provide mortgages for Australian borrowers who earn foreign income. In addition to the Euro, some of the acceptable foreign income currencies include the Lek and the US Dollar. It’s an international bank that also accepts foreign income in Hong Kong dollars (HKD) for an expat mortgage, but will only assess a percentage of your foreign income.

Does ANZ Accept Home Loan Applications by Assessing Foreign Income?

Yes, ANZ Bank does accept applications for home loans by assessing foreign income. Australian expats can submit evidence that corresponds to their foreign income for the purpose of applying for a home loan. ANZ will only assess a percentage of your foreign income and you can borrow up to around 80% with this lender, but you won’t be able to use foreign rental income for your application.

Does Westpac Assess Applications for Australian Expat Home Loans and Consider Foreign Income?

Yes, Westpac Bank assesses applications for expat mortgages and considers foreign income. Westpac will only assess a percentage of your foreign income which can affect your borrowing power. Their maximum LVR is 80%.

Find Out More About Which Lenders Accept Foreign Income for Australian Expats

The fact is that, yes, lenders accept foreign income for Australian expats, but some lenders will only accept a percentage of your foreign income due to currency fluctuation. 

The best way to learn which lenders accept foreign income for Australian expats, for your particular circumstance, is to reach out to us. Not only can you use our various mortgage calculators, our specialist mortgage brokers will assist you every step of the way and make the process simpler.

Get a free Australian mortgage assessment today.

Apply online to get a free recommendation with real rates and repayments.

Frequently Asked Questions

Yes, it is possible to get a home loan in Australia with foreign income. However, lenders have different policies and requirements when it comes to accepting and assessing foreign income for expat mortgages. If you are an Australian expat earning foreign income, you may need to provide additional documentation and meet specific criteria to be eligible for a home loan in Australia.

Most lenders will typically have a list of particular tier 1 and tier 2 currencies they accept and offer expat mortgages depending on your circumstance.

Tier 1 foreign currency is a list of foreign currency and income that Australian lenders will have when assessing the foreign income of an expat for a home loan in Australia. For tier 1 foreign currency and income, you can expect your lender to accept and assess 80% of your income for the purposes of a home loan.

Tier 2 foreign currency is a list of foreign currency and income that Australian lenders will refer to when evaluating your foreign income home loan approval. For tier 2 foreign currency and income, your lender will accept and assess from 60% up to 80% of your foreign income when assessing your circumstances for a home loan.

The main reason lenders assess foreign income for home loans in Australia is due to currency fluctuations and income stability. If your foreign income is seen as being unstable, the offer extended by your lender might be lower than a foreign income currency that is more stable.

Yes, lenders will accept foreign income for a home loan in Australia by Australian expats living in Singapore. However, there are a few things you need to keep in mind:

  • The lender will need to convert your foreign income to Australian dollars.
  • The lender may apply a currency risk margin to your income, to account for the possibility of currency fluctuations.
  • The lender may only consider a percentage of your foreign income, typically 80% or 90%.
  • You may need to provide additional documentation, such as proof of employment and bank statements.

The best way to find out which lenders will accept your foreign income is to speak to a mortgage broker. They can help you compare different lenders and find the best deal for you.

Here are some lenders that accept foreign income for home loans in Australia:

Yes, lenders will accept foreign income for a home loan in Australia by Australian expats living in Hong Kong. However, the specific requirements will vary from lender to lender.

Here are some of the factors that lenders will consider when assessing your foreign income:

  • The currency of your income
  • The stability of the currency
  • The amount of your income
  • Your employment history
  • Your credit history
  • Your financial commitments

If you are earning in Hong Kong Dollars (HKD), then you are more likely to be accepted for a home loan than if you are earning in a less stable currency. You will also need to have a good employment history and credit history.

Some lenders may only consider a percentage of your foreign income, typically 80% or 90%. This is because there is a risk that the value of your foreign currency could decrease, making it more difficult for you to repay your loan.

You may also need to provide additional documentation, such as proof of employment and bank statements.

The best way to find out which lenders will accept your foreign income is to speak to a mortgage broker. They can help you compare different lenders and find the best deal for you.

Here are some lenders that accept foreign income for home loans in Australia:

Yes, lenders will accept foreign income for a home loan in Australia by Australian expats living in the UAE. However, the specific requirements will vary from lender to lender.

Here are some of the factors that lenders will consider when assessing your foreign income:

  • The currency of your income
  • The stability of the currency
  • The amount of your income
  • Your employment history
  • Your credit history
  • Your financial commitments

If you are earning in United Arab Emirates Dirham (AED), then you are more likely to be accepted for a home loan than if you are earning in a less stable currency. You will also need to have a good employment history and credit history.

Some lenders may only consider a percentage of your foreign income, typically 80% or 90%. This is because there is a risk that the value of your foreign currency could decrease, making it more difficult for you to repay your loan.

You may also need to provide additional documentation, such as proof of employment and bank statements.

The best way to find out which lenders will accept your foreign income is to speak to a mortgage broker. They can help you compare different lenders and find the best deal for you.

Here are some lenders that accept foreign income for home loans in Australia:

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