Hello ! I have been working at same company as permanent employee for more than 7 years. Gross income is more than 10 Million JPY. Haven’t applied PR yet. Are there banks offering 100% financing under these conditions? I would prefer pre-owned houses around western part of Tokyo/Kanagawa area.
2 comments
I had no issues at any of the major banks getting financing when I purchased land in Yokohama and built a house in 2015-16 (eventually choose SMBC). Was married, but they didn’t want my wife’s name on any of the paperwork as all the financing was based on my income/credit.
I thought that it was impossible to get a jutaku loan for second hand properties. Apparently this is not always true, but according to what I have found on the net, when a jutaku loan is actually possible for a second hand property, you are expected to cover part of the purchase (5 to 10%?) with atama kin. So I would say that your combination (no PR, second hand, full loan) will be very challenging.
Also note that without PR, you might not get the best possible interest rates. That happened to me, and this is why I am trying to get PR to refinance my loan. Are you not eligible for PR, for instance with the point system?