Get Approved for a Home Loan in Melbourne While on a Temporary Visa – With Help from Ingenious Finance
Buying a home in Australia while on a temporary visa? It’s possible—with the right support. At Ingenious Finance, we specialise in helping non-residents, foreign nationals, and temporary visa holders secure home loans in Melbourne with confidence.
Whether you’re on a subclass 482, 491, 485, 457, or student visa, we guide you through the lending process and connect you with lenders that are open to non-resident borrowers.
Home Loans for Temporary Visa Holders in Melbourne
While most major banks have strict lending policies for visa holders, several niche lenders offer competitive home loan options—even if you’re not a permanent resident yet.
We help eligible applicants:
- Get approved with as little as 20–30% deposit
- Apply as single or joint applicants with Australian citizens or PR holders
- Understand Foreign Investment Review Board (FIRB) requirements
- Compare loans across 40+ lenders, including non-bank institutions
Who Can Apply for a Temporary Visa Home Loan?
If you’re on one of the following visas, you may be eligible:
- Subclass 482 (Temporary Skill Shortage Visa)
- Subclass 491 or 494 (Regional Skilled Visa)
- Subclass 485 (Temporary Graduate Visa)
- Subclass 500 (Student Visa – with partner who is PR or citizen)
- Subclass 457 (older sponsored visa holders)
- Partner visas (subclass 820, 309)
- Bridging Visas in some cases
Our expert mortgage brokers assess your situation and match you with the right lenders based on your visa status, income, deposit, and eligibility.
Why Choose Ingenious Finance?
- Specialists in visa-based lending – We work with lenders that understand non-resident and temporary visa buyers.
- 40+ lenders compared – We find the best match for your financial profile.
- FIRB support – We help you comply with FIRB guidelines where required.
- End-to-end service – From eligibility checks to loan approval and settlement.
FAQs – Temporary Visa Home Loans in Melbourne
Q1: Can I get a home loan in Melbourne while on a temporary visa?
A: Yes, several lenders offer home loans to temporary visa holders. Your eligibility depends on your visa type, income, deposit size, and individual lender policies.
Q2: What is the minimum deposit I need?
A: Most lenders require 20% to 30% deposit for temporary visa holders. Some may require more depending on your visa status and whether you’re buying with a citizen or PR.
Q3: Do I need FIRB (Foreign Investment Review Board) approval?
A: If you are not a permanent resident or citizen and you’re purchasing property alone, yes—you’ll likely need FIRB approval. We assist with the FIRB application process.
Q4: Can I apply jointly with my partner who is an Australian citizen?
A: Absolutely. If you’re in a relationship with a citizen or PR, you can apply jointly, and it may improve your chances and reduce deposit requirements.
Q5: Which visas are accepted for a home loan?
A: Lenders commonly accept visas like 482, 491, 485, 457, 820, 309, and more. Eligibility varies, so we help assess your visa and match you to the right lenders.
Q6: Will my interest rate be higher as a temporary visa holder?
A: Some lenders charge higher rates for non-residents. However, we compare the market to find competitive offers that fit your profile.
Q7: Can I refinance later after becoming a PR?
A: Yes, once your residency status changes, we can help you refinance to better rates or more flexible terms.
Start Your Home Ownership Journey While on a Temporary Visa
Don’t let your visa status hold you back. At Ingenious Finance, we believe homeownership should be possible for everyone living and working in Australia—even if you’re not a permanent resident yet.
