Can foreigners get a mortgage in Hokkaido?
Yes, foreigners can also use mortgage loans. While it is possible to borrow without permanent residency, many banks often require applicants to have permanent residency.
Hokkaido’s well-known banks, Hokkaido Bank and Hokuyo Bank, both require applicants for mortgage loans to have permanent residency as a condition (confirmed as of 2022).
List of banks in Hokkaido offer a mortgage loan without permanent residency:
- スルガ銀行
- イオン銀行
- 東京スター銀行
- セゾンファンデックス
- SBI新生銀行
- プレスティア（SMBC信託銀行）
- 北海道労働金庫
Foreigner-Friendly Mortgage Loans in Niseko
In the past, the Commonwealth Bank of Australia used to provide loans, but currently, very few banks offer mortgage loans for foreigners in Niseko (as of January 2023).
Suruga Bank and some international banks may be open to discussions depending on specific conditions (such as providing collateral properties outside of Niseko).
Interesting articles( in Japanese) : It appears that in Niseko, many buyers opt for cash purchases.