Proper documentation is crucial for a smooth mortgage application. Israeli banks have specific requirements for foreign buyers. Being well-prepared speeds up approval and demonstrates you're a serious applicant.
Identity Documents
Passport (valid for at least 6 months), proof of current address (utility bill, bank statement), and for US citizens, Social Security number. Some banks may require additional ID verification.
Income Documentation
Last 2-3 years of tax returns, recent pay stubs (3-6 months), employment letter confirming position and salary, and for self-employed, business financial statements and tax returns.
Asset Documentation
Bank statements (3-6 months) showing down payment funds, investment account statements, proof of any other real estate owned, and documentation of the source of down payment funds.
Property Documents
Signed purchase agreement, property registration extract (Nesach Tabu), building permit and occupancy certificate, and recent property appraisal (often ordered by the bank).
Additional Requirements for US Citizens
W-2 forms, FBAR filings if applicable, and IRS tax transcripts. Banks need to verify FATCA compliance.
Additional Requirements for Swiss Residents
Swiss tax returns (Steuererklärung), salary certificates (Lohnausweis), and residence permit documentation.
Tips for Success
Translate all documents to Hebrew or English. Ensure documents are recent (within 3 months). Organize everything digitally for easy sharing. Respond promptly to any additional requests from the bank.