Hello, everyone! I’m a permanent resident in Japan and work as a freelancer. I’m contemplating the idea of buying a house here and am curious about the process of securing a home loan under these circumstances.
Has anyone here, especially freelancers or self-employed individuals with permanent residency, gone through the process of obtaining a loan for buying a house in Japan? I’m interested in your experiences, including the challenges you faced and any advice you might have.
• What requirements were you asked to meet by financial institutions?
• Did being a freelancer complicate the loan application process, and if so, how did you navigate these challenges?
• Are there any banks or financial products you would recommend that are more friendly towards freelancers and non-traditional employment?
• Additionally, any tips on making my application stronger or pitfalls to avoid would be greatly appreciated.
Thank you in advance for sharing your experiences and advice. This is a big step, and hearing from others who’ve been through similar situations would be incredibly helpful.
by WrongToilet87
2 comments
How much money you are making as a freelancer would be the main deciding factor.
This is similar to my situation.
Forget all the net and even big banks. They may “accept” self employed but in reality we’re poison to them.
Get your builder to make an introduction to a local bank they work with or get a Flat 35 loan. Flat 35 has looser screening for income and employment types.