Can I Get a Mortgage in Israel if I’m Abroad?

Yes, with the right mortgage broker and legal team, it’s entirely possible to get a mortgage in Israel if you’re abroad. In fact, even many buyers living in Israel choose to complete the entire mortgage process without visiting a bank branch.

Everything from the initial mortgage application to approval, document collection, and communication with the bank can be handled remotely. Your mortgage broker typically coordinates between all the parties involved—such as the bank, your lawyer, the developer, or your currency provider—so you don’t have to manage the process yourself.

The only stage of getting a mortgage from abroad that requires a formal signature is the final mortgage agreement, and you have a few flexible ways to handle it:

• Some banks now offer remote signing via Zoom or secure digital platforms.
  
• Others require in-person signing at a branch, but your broker or lawyer can schedule this at a convenient location to fit your travel plans.
  
• You can authorize your lawyer or representative to sign on your behalf using a Power of Attorney.
  

Is the process different for foreign buyers?

It’s similar, but with additional paperwork for proof of income, financial stability, and full transparency on the purchase. Israeli banks work regularly with foreign buyers and those buying property remotely, and as long as your documents are in order, the process of getting a mortgage from abroad usually moves ahead smoothly—even if you never set foot in Israel during the transaction.

What loan terms can I expect as a foreign buyer?

Israeli banks generally offer up to 50% financing for non-residents, though this depends on your financial profile. Interest rates and loan conditions may vary slightly from those offered to Israeli residents, so it’s worth comparing the different mortgage options with a broker if you’re getting a mortgage from abroad.

Should I work with a mortgage broker if I’m abroad?

Yes—it’s highly recommended to work with a mortgage broker, especially if you’re abroad. A good broker not only helps you secure competitive rates but also manages the entire process on your behalf, from document collection to negotiating with the bank. This is especially valuable if you want to get a mortgage from abroad and dealing with time zone differences.

How long does it take to get a mortgage from abroad?

For foreign buyers, it usually takes a few weeks to receive full approval, provided your documents are ready and complete. Working with an experienced broker helps avoid delays and keeps the process on track.