FAQs - Can I get an Australian home loan while living in the USA?
Can I get an Australian home loan while living in the USA?
1
Yes. Many Australian lenders offer home loans to Australian citizens and permanent residents living and working in the United States, provided you meet their lending criteria.
Does the exchange rate affect my borrowing capacity?
2
Yes. Australian lenders convert your foreign income into Australian dollars before assessing your application. Changes in the exchange rate may increase or reduce your borrowing capacity.
Do all lenders reduce foreign income?
3
No. Each lender has its own policy. Some lenders shade foreign income by up to 20%, while others have more favourable assessment methods.
Should I wait for a better exchange rate?
4
Nobody can predict future currency movements with certainty. Rather than trying to time the market, it's often more beneficial to understand your borrowing capacity now and purchase when you're financially ready.