Some banks in Japan offer housing loans to foreign residents without permanent residence. Banks such as SMBC Prestia, Shinsei Bank, and SBI Net Bank may consider applicants with long-term visa statuses and stable employment. However, terms and required down payments may differ from those for permanent residents.

Without permanent residence, banks generally require a down payment of 20-30% of the property value. With permanent residence, some banks may accept as low as 0-10% down, similar to Japanese nationals.

Flat 35 is a long-term fixed-rate mortgage program backed by the Japan Housing Finance Agency. Foreign residents with permanent residence are generally eligible. Some participating financial institutions may also accept applicants with long-term visa statuses.

Requirements vary by bank. Some banks may require a Japanese co-signer or guarantor, particularly if you do not have permanent residence. Others, especially those specializing in foreign clients, may waive this requirement with sufficient income and down payment.

As of recent years, variable rates for housing loans in Japan have ranged from approximately 0.3% to 0.7%, while fixed rates typically range from 1.0% to 2.0%. Actual rates depend on the bank, your credit profile, and loan terms.