Realtor is giving me the runaround about getting a loan – I have PR, been at my job 7 years, make 7.

19 comments

1. He’s shitting you.
   I got my place for 55M jpy with zero down and I make 7.5 then. Get a new realtor.

   I had PR, was in my job for around 4 years then.

   My realtor had a relationship with Chiba bank and got 0.4% interest floating, 35y loan.

2. Did you try REDS realtor?

   They can support with mufg for your case I think

3. A 35-year mortgage in your early 40s? Are you planning to keep working until you’re 80?

4. Why don’t you just go ahead and get a pre-approval? I think many realtors take these as pre-condition for making an offer. It’s pretty basic information necessary for those.
   I think your number should work out.. maybe you might need to go down to 30 years in some banks.

5. Single…. No lasting connections.

6. OP can get flat 35 (unless there is something I haven’t picked up on).

7. Use SBI. They’re probably the best option for PR and even non-PR holders.

   I got twice the house as you on a similar salary and didn’t have PR at the time. I was also in my lower 40s.

   Edit: Just saw the no money down part. That might be tough. But I still think SBI is the best option. They’ve approved all my friends I recommended them to.

8. Yeah, he’s definitely BSing you.

9. Hi OP. SBI新生銀行 is very reliable for your type of situation.

   You may also want to try 第四北越銀行, they’re based out of Niigata but they just started expanding into Kanagawa and are giving discounted rates to those buying in the area.

   I was approved for both, ultimately went with SBI.

10. Find a new guy. Yes you can! Of he can’t do it, find another guy. Also getting a invoice at different banks is maybe worth it!

11. Get another realtor. Look for the realtor that will say yes. That’s how we found ours. You may not get that specific unit from a certain builder, but you will find the next better one.

12. Sorry to change topic, but I’m really interested in getting a loan (only 1 million yen). It’s to pay off a credit card debt. Just looking for an English speaking person/bank in Japan that can help me out. I have PR, great job, have other loans currently with my employer but need a different associate for this one. Don’t want my Japanese wife to know about my debt.

13. Go to the banks yourself, there is zero reason for the realtor to be involved. You may need his help to gather documents, but if he refuses to help you 100% can put a different realtor on that property who will be very happy to take your commission.

14. total bull, get a new realtor

    i have a friend who recently got PR (1 year) + stayed on the same job for 3 years when they applied for PR (so total 4 years), makes below 10m jpy, got approved for 100% loan with good rate – I think it was through SMBC

15. He’s fucking with you. Got a house in Kanagawa, had less then 6m for a loan higher than yours. No PR either.. (was married but with regular work visa).

16. Try a shinyo ginko.

17. Find a realtor who wants your money, I guess.

18. Holy shit, that is insane. Your realtor is garbage. You have PR, a good job, and have been there a while. You are a prime canadate on getting a loan. Try MUFG as well. There are tons of banks that would work with you.

19. With PR, 7.2 million JPY income, and 7+ years at the same company, buying a 30 million JPY place really doesn’t sound unrealistic.

    Prestia is known to be on the stricter side, so their requirements don’t represent all banks. It’s definitely worth looking into Flat 35, with PR and stable, taxable income, a 100% loan is possible as long as the property meets their standards.

    Also, approval isn’t just about you, it depends a lot on the property itself (structure, age, road access, etc.). A different bank, or even a different agent who knows which lenders to approach, can change the outcome a lot.

    From what you’ve described, this feels more like a bank/approach issue than your situation being a no-go.

    Hope this helps.

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