Can I get a home loan if I am on a temporary visa?

Certainly! Getting a home loan on a temporary visa in Australia is possible, though it comes with its own set of challenges and requirements. The key factors that lenders consider include the type of visa you have, your employment status, and your financial stability in Australia. Generally, visas that indicate a stable presence in the country, such as skilled work or business visas, are viewed more favorably. You may need to provide a larger deposit than usual, sometimes 20% or more of the property's value, and you might face stricter loan conditions. Your visa should also have a sufficient duration left to cover the loan period lenders are looking for. It's essential to have all your financial documents organized, showcasing your income, employment status, and credit history in Australia. Given these specifics, it's a good idea to consult with a mortgage broker experienced in dealing with temporary visa holders. They can guide you through the process, helping you find a suitable lender and optimizing your loan application. If you need more tailored advice, I'm here to help!

Depends on what type of visa it is. E.g. partner visa will most likely be ok

Loans may be considered for temporary and permanent residents where an appropriate visa has been granted by the Department of Immigration and Citizenship and it remains current for at least 12 months from the time of application, or a bridging visa has been granted, or a formal application for permanent residency has been lodged and approval is imminent.

Yes, depending on the visa type. There are quite a few lenders that can help you..

If you are on a temporary visa, you may still be able to get a home loan in Australia. However, the lending criteria for temporary visa holders is usually stricter than for permanent residents. Your eligibility for a home loan will depend on the type of visa you have, as well as your credit history and other financial factors. Generally, lenders will require you to have held your visa for at least 12 months, have a good credit score, and have a steady income. It is also important to note that many lenders will only offer temporary visa holders a loan with a higher interest rate than those offered to permanent residents. This is because lenders consider temporary visa holders to be higher risk borrowers. If you are on a temporary visa and looking for a home loan, it is best to speak to a lender to see what options are available to you. You can also check out Goodrate on https://goodrate.com.au/home-loan to compare current interest rate offers.