Not all Israeli banks are equally accommodating to foreign buyers. This guide compares the major banks and their mortgage programs for international clients.
Bank Hapoalim
Israel's largest bank has a dedicated international mortgage department. They're experienced with US and European buyers, offer competitive rates, and have English-speaking staff. LTV up to 70% for qualified buyers.
Bank Leumi
The second-largest bank also welcomes foreign buyers. Known for flexibility in documentation requirements and competitive rates. Strong presence in Tel Aviv and Jerusalem markets.
Mizrahi Tefahot
Specializes in mortgages and often offers the most competitive rates. May require more documentation from foreign buyers but worth considering for rate-sensitive purchasers.
Israel Discount Bank
Smaller market share but can be competitive for the right buyer. May offer more personalized service for foreign clients.
Choosing the Right Bank
Consider: their experience with buyers from your country, English language capabilities, rate competitiveness, branch locations near your property, and relationship potential for other banking needs.
Working with Multiple Banks
There's no penalty for applying to multiple banks simultaneously. In fact, it's recommended to compare at least 2-3 offers before committing.