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MAP is often contacted by Australian temporary residents / non residents  wanting to borrow over 80% of the purchase price.  They have often  approached their own bank and possibly one or two mortgage brokers and have been advised that their maximum lend is 80%

MAP specialises in assisting these temporary residents / non residents with organising home loans to 95% where they are purchasing with an Australian Citizen / Permanent Resident or on a 457 Visa with 2 years tax returns.  We can organise a home loan / mortgage finance up to 15% higher than our competitors because we specialise in temporary / non resident mortgages. 

Have a 20% deposit? MAP still assists those temporary / non resident borrowers wanting to borrow 80% or less.  Our expertise is still relevant here as each lender has its own policies, rates and fees etc.

                      Borrower Type                                                          Max Lending

If you are purchasing with an Australian Citizen / Permanent Resident and you hold either a 310/110, 826/814, 309/100 or 820/801 Visa then standard lending policy applies and 95% is available.

MAP has access to a lender that will loan up to 90% to 457 Visa holders in their own right. We stress though that the criteria is very very strict but the following is a rough guide to give you an idea of what the lender is looking for;

1. 2 years Australian tax returns with notice of assessments,
2. Professional Occupation,
3. Very strong servicing,
4. Clean credit,
5. Strong savings history,
6. Low liabilities,
7. Good security - ie, purchasing in or close to major centres around Australia (not regional),
8. Permanent Residency application submitted or plans to lodge shortly.

If you do not fit this criteria then we can still arrange a mortgage up to 80% LVR.  MAP will also guide you through the Foreign Investment Review Board application (if required) and help you secure your own piece of Australia. 

MAPs mission is to provide accurate and timely advice to assist you with your purchase. MAP will only recommend products that are competitive and suitable to our clients needs.  During our initial contact we discuss in depth the lender products, costs and interest rates to help you understand your options. 

1. Contributing 20% plus purchasing costs may or may not be possible for many.  It may be that you have the required funds to borrow at 80%, but this would leave you with limited funds in case of an emergency or as a buffer.  Exploring loan structures over 80% provides you with a more complete understanding of your loan options.   
2. Using MAP improves the chances that your loan will be approved.  We will not submit an application without being sure that it meets the lender/s credit policy.  However, there are some things we cannot control such as the valuation and suitability of the property being purchased.

 Below is an example loan scenario for a purchase of $400,000 residential property in NSW at 80% and 95%.  Please note that the below figures are estimates only.  The 95% structure may not be suitable but 85 - 90% may make a significant difference to your finances.  

• Complete our Quick Enquiry form at the top right of this page.
• Email [email protected]
• Call 1300 397 287