Australian Expat Home Loans & Mortgages.

Expat Home Loan Specialist since 1991.

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#1 for Expat Home Loans for over 30 years.

Specialist Mortgage are recognised as Australia’s number one mortgage broker to Australian expats since 1991.

For more than three decades we have refined our skills in securing the best mortgage solutions for expats, who typically don’t fit banks’ traditional lending model.

Often Australian expatriates struggle to secure finance to purchase Australian property whilst living overseas. Many find it to be a complicated process with limited lending options and higher interest rates.

Specialist Mortgage secure residential loans for all types of Australian property investment, whether you are buying your first home, purchasing your dream home, building a house, or investing in property.

We can also assist with refinancing, renegotiating better rates with your current lender, or accessing equity in your home to grow your property portfolio.

Tailored Mortgage Solutions for Australian Expats.

Specialist Mortgage are experts at obtaining special finance packages for expats. We make the process of securing a competitive tailored mortgage package fast, smooth, and simple.

Our clients benefit from our unrivalled knowledge and accumulated experience of securing thousands of expats home loans. Our mortgage brokers negotiate directly with lenders to obtain the best deals possible for our clients.

Many of our brokers have been expats themselves, so they understand the complexities of purchasing property from abroad. We are committed to providing the highest level of customer service, communication, and education throughout the journey.

Speak to our team today to discuss your individual situation and we will show you how a tailored mortgage solution could save you thousands.

Expats mortgages

For Aussies, No Matter Where You Are.

We’ll secure the most competitive mortgage solutions so that you can achieve your financial goals sooner.

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We are fully accredited and have more than 30 years specialised experience focused on securing expat home loans and expat refinancing.  We are the number one Australian mortgage brokerage for expats. No other firm can match our history or expertise.

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Negotiating Power.

As the largest Australian mortgage originator operating internationally, we have the power, volume and relationships to negotiate with lenders to obtain special conditions and the best loan packages.

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The biggest and best.

Specialist Mortgage was the first and remains the largest mortgage originator operating in South East Asia providing all types of lending options to Australian property investors both here and abroad.

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Can I Get An Australian Expat Mortgage Whilst Living Overseas?

Obtaining an expat mortgage can be stress free and exciting with some general knowledge and the support from experienced expat mortgage brokers.
Let’s look at the basic requirements to get started…

Employment status & Income.

Lenders typically require expatriate mortgage applicants to demonstrate a stable employment history and a reliable income source. While specific requirements vary among lenders, providing evidence of your employment contract, salary, and any bonuses or allowances can help showcase your financial stability.

A decent deposit.

Like any mortgage application, expat borrowers are generally expected to contribute a deposit toward the property purchase. The required deposit size can vary among lenders, but it is common to have a minimum deposit of around 20% of the property’s value. It is advisable to save as much as possible for a larger deposit to increase your chances of securing a mortgage and potentially accessing better interest rates.

A good credit status.

Maintaining a healthy credit history is crucial when applying for an expat mortgage. Lenders assess your creditworthiness based on your credit history and credit score. Before applying, ensure that you have a good credit score by paying your bills and debts on time and avoiding defaults or late payments. Obtaining a credit report from relevant credit bureaus in your home country and providing it to lenders can strengthen your mortgage application.

Foreign Currency.

Lenders may consider exchange rate risks when assessing your mortgage application. They may evaluate the stability of the currency in which your income is earned and factor in potential fluctuations. Discussing exchange rate risks with us can help you understand how lenders perceive this aspect and plan accordingly.


 As an expatriate applying for a mortgage while living overseas, you will need to provide comprehensive documentation to support your application. These documents typically include:

  • Proof of identity: Valid passport and/or driver’s license.
  • Proof of income: Employment contract, salary slips, and bank statements showing regular salary deposits. If you are self-employed, you may need to provide additional documents, such as business financial statements or tax returns.
  • Proof of residency: Documentation indicating your overseas residency status, such as a valid visa or work permit.
  • Tax returns: Provide recent tax returns from your home country or the country where you are residing.
  • Credit history: Obtain credit reports from relevant credit bureaus in your home country or country of residence.
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The team to trust anytime, in any location.

With 14 Offices Globally, We’re Here For You.

Expat home loan in New York

Expatriate Home Loan Application Process.

Purchasing an Australian property should be an exciting and rewarding journey.
We have been specialising in Australian expatriate home loans for 3 decades and know how to get you the best results.
Expat home loan in New York

1: Financial Deepdive.

We’ll start by getting to know you a little better and do a deep dive into your financial situation. We’ll review your income, savings, and any existing debts or liabilities. Consider factors such as your employment stability, income stability, and credit history. Lenders typically require expats to have a steady income and a substantial deposit.

2: Provide Guidance.

We’ll then provide guidance, access a wide range of lenders on your behalf, and help you find loan products that suit your specific needs and financial circumstances. Now its time to get you ready for your home loan application.

3: Gather Documentation.

The typical documentation you’ll need to provide may include; proof of identity, proof of income (such as tax returns, payslips, or employment contracts), bank statements, and proof of residency or visa status. Some lenders may require proof of your overseas income and its conversion to Australian dollars.

4: Find A Loan Product That Suits You.

We’ll work out the loan amount you require and the type of loan that suits your needs. We will consider factors such as interest rates, loan terms, and repayment options. Options include variable rate loans, fixed-rate loans, or a combination of both as well as special loan features. We can also look to get your pre-approval before you start your property search. A pre-approval gives you an indication of how much you can borrow, simplifying your property search and demonstrating your financial readiness to sellers.

5: Find A Property.

You may wish to engage a buyers agent and conveyancer to handle the legal aspects of the property purchase and even help you search for a property. They will review contracts, perform due diligence, and ensure a smooth settlement process. A valuation will be ordered by the lender during this time too.

6: Settlement.

After settlement, your focus shifts to managing your home loan. Set up a repayment schedule and ensure timely repayments. The Specialist Mortgage team will help you stay informed about any changes to interest rates or loan terms and will touch base with you when needed.

Experts In Australian Finance, Located Worldwide.

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Get a free mortgage assessment.

Let us know your situation and one of our brokers may be able to provide a better mortgage solution.

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Book a free online consultation.

Book a time to chat through your options with one of our friendly mortgage brokers.

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Find Your Local Office.

Discover which one of our global offices is best to have a chat face to face about your home loan objectives.

Frequently Asked Questions.

Interest rates for Australian expat mortgages are primarily determined by individual lender policies. Each lender sets its own criteria and pricing structure, which may include different interest rates based on factors such as loan-to-value ratio, credit history, income stability, and residency status. It’s essential to research and compare lenders to find those offering competitive rates for expat mortgages.

Why might an expat pay higher interest rates?

Lenders assess the risk associated with expat mortgages differently, considering factors such as currency exchange rate fluctuations, employment stability, and potential challenges in communication and loan management. These factors may influence the interest rate offered to expats. However, it’s important to note that not all lenders view expat mortgages as high-risk, and some lenders specialise in catering to expatriate borrowers, this is why we stress to engage a mortgage broker with expat experience so we can show you all the options and assess your situation properly.

The deposit size you contribute can impact the interest rate offered on your expat mortgage. Generally, a larger deposit can lead to a lower interest rate, as it demonstrates your commitment and reduces the perceived risk for the lender. Saving for a higher deposit is beneficial for expat borrowers looking to secure more favourable interest rates.

Maintaining a good credit history and credit score is crucial for any mortgage applicant, including expats. Lenders assess creditworthiness to determine the interest rate offered. Demonstrating a solid credit history, timely repayment of debts, and a low debt-to-income ratio can improve your chances of securing a competitive interest rate.

While there is no definitive answer as to whether Australian expat mortgages attract higher interest rates, it is crucial to understand the factors that can influence the rates offered. Lender policies, risk assessment, deposit size, creditworthiness, and the assistance of a knowledgeable mortgage broker all play significant roles in determining the interest rates for expat mortgages.

Remember, interest rates are not the sole factor to consider when choosing a mortgage. It is equally important to assess the loan terms, repayment options, and overall affordability of the mortgage. With careful planning and the right support, expats can secure an Australian mortgage with an interest rate that aligns with their financial goals and ensures a successful home ownership journey.

Australian expatriates often wonder about their borrowing capacity when considering purchasing property in Australia. Understanding how much you can borrow as an Australian expat is crucial for planning your property investment. Some factors influencing borrowing capacity include:

Income and Employment: Lenders typically assess your ability to repay the mortgage based on your income stability and the likelihood of continued employment. The type of employment (e.g., permanent, contract, self-employed) and the length of your employment history can impact the amount you can borrow.

Currency and Exchange Rate: As an expat, your income is likely to be earned in a foreign currency. Lenders consider the currency in which your income is earned and the exchange rate risks associated with it. They may convert your foreign currency income into Australian dollars at a specified exchange rate to assess your borrowing capacity. Fluctuations in exchange rates can impact the borrowing capacity calculation.

Debt-to-Income Ratio: Lenders also evaluate your debt-to-income ratio, which compares your total debt obligations (including existing loans, credit card debt, and other financial commitments) to your income. A lower debt-to-income ratio indicates a stronger borrowing capacity. Reducing or consolidating existing debts can potentially increase your borrowing capacity.

Loan-to-Value Ratio (LVR): The loan-to-value ratio represents the proportion of the property’s value that you are seeking to borrow. Lenders typically have maximum LVR limits that determine the percentage of the property’s value they are willing to lend. A lower LVR can increase your borrowing capacity, as it reduces the lender’s risk.

Credit History and Score: Maintaining a good credit history is crucial for mortgage eligibility. Lenders assess your creditworthiness based on your credit history and credit score. A positive credit history, with no defaults or late payments, and a high credit score can enhance your borrowing capacity and potentially access more favourable interest rates.

Deposit Size: The size of your deposit is a significant factor in determining your borrowing capacity. While specific requirements vary among lenders, a larger deposit demonstrates your financial strength and lowers the loan amount required. Saving for a larger deposit can increase your borrowing capacity and potentially offer better loan terms.

Other Financial Commitments: Lenders consider your other financial commitments, such as personal loans, car loans, or student loans, when assessing your borrowing capacity. Minimising or paying off these debts can improve your capacity to borrow for a mortgage.
The borrowing capacity for Australian expats depends on various factors, including income, employment, currency, debt-to-income ratio, LVR, credit history, deposit size, and other financial commitments. By demonstrating a stable income, maintaining a good credit history, saving for a larger deposit, and managing your debt-to-income ratio, you can increase your borrowing capacity as an Australian expat.

For individuals seeking a mortgage in a country different from their own, the question of whether mortgage lenders accept foreign currency is a valid concern. Mortgage lenders have varying policies regarding the acceptance of foreign currency. Some lenders may accept a limited range of foreign currencies, while others may be more open to accepting a broader selection. It is essential to research and compare lenders to find those who are willing to accept the foreign currency in which you receive your income. At Specialist Mortgage we do this leg work for you.

Lenders consider the stability and volatility of a foreign currency when assessing its acceptance. Currencies with a history of significant fluctuations or economic instability may be viewed as higher risk by lenders. On the other hand, stable currencies from economically robust countries may be more readily accepted.

When accepting foreign currency, lenders consider the potential exchange rate risks. The fluctuating exchange rates between the foreign currency and the local currency can impact the lender’s assessment of your ability to repay the mortgage. Lenders may account for these risks by considering a worst-case scenario exchange rate or by factoring potential currency conversion costs.

In some cases, lenders may require borrowers to enter into hedging arrangements or agree to convert their income into the local currency. This mitigates the exchange rate risks for both the borrower and the lender. It’s important to understand any potential requirements or implications related to currency conversion before proceeding with a mortgage application.

To support your mortgage application, you will typically be required to provide documentation demonstrating your income, including proof of employment, pay slips, and bank statements. If your income is in a foreign currency, it may be necessary to provide additional documentation, such as conversion records or statements from your foreign bank account.

We specialise in international borrowers and expatriate mortgages so working with us to obtain yours will be significantly beneficial. We will connect you with lenders who are more receptive to foreign currency income and help navigate the complexities associated with currency acceptance.

When applying for an expat home loan, one of the crucial aspects is proving your income to the lender. As an expatriate, you may face unique challenges in providing documentation that demonstrates your earning capacity and financial stability.

Tax returns and financial statements are essential documents that showcase your income as an expat. Provide copies of your most recent tax returns, including any foreign tax returns if applicable. Financial statements, such as profit and loss statements or balance sheets for self-employed individuals, can further support your income claims.

Supplying copies of your employment contracts and offer letters can be valuable evidence of your income. These documents typically outline your salary, benefits, and employment terms. Ensure the documents are current and include any relevant details regarding allowances or bonuses.

Payslips and bank statements are essential in demonstrating consistent income flow. Provide recent payslips showing your income and include corresponding bank statements that reflect the deposits. These documents should cover a reasonable period, typically at least three to six months, to provide an accurate representation of your earnings.

Obtaining an employer verification letter can offer credibility to your income claims too. This letter should be on the company’s official letterhead and include details such as your position, salary, employment start date, and any additional income components. It is advisable to request the letter to be signed and dated by an authorised representative.

Particularly if you are self employed lenders may request an accountant certification. This involves engaging a certified accountant who can verify and validate your income details. The accountant will assess your financial records and provide a letter or certificate confirming your income figures.

If you have rental properties generating income, provide documentation such as lease agreements, rental statements, and bank statements showing rental income deposits. This can supplement your overall income profile and strengthen your borrowing capacity.

As an expat earning income in a foreign currency, lenders may require you to convert your earnings into Australian dollars for assessment purposes. Provide proof of currency conversion, such as bank statements or remittance records, to demonstrate the converted income amount.

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