RetireJapan

I've been living in Japan for 8 years with my Japanese wife and recently got my PR. Prior to moving, a family member moved into my US house and took over the mortgage payments.

Now, my wife and I have selected a house and will be applying for a mortgage. We both work in Japan and want to share the mortgage for tax reasons (in case one of us stops working at some point).

From what I understand, I can't report US income and assets and my US credit history means nothing here. But what about debt? If I report the US mortgage, it would be an incomplete picture since I'm not making any payments on it.

Do they actually require you to list your US debts? That wasn't my experience when I applied for a home loan through Prestia. The only thing they required was three years of income statements. I could also optionally provide documentation about my assets in Japan. They never asked about anything related to the US.

https://www.aeonbank.co.jp/housing_loan/new/

0.53% Variable
0.99% 10 Year Fixed

No need to report anything about US...

Thank you for the information. I haven't started the application process yet and wasn't sure exactly what they would want, so this is very helpful.

I got a .475 loan with nothing down from mizuho. Could've had .375 with 2mil down, but I crunched the numbers and it turned out better to just invest it and take the higher rate. I guess I'm putting my money where my mouth is because that's the same thing I've recommended before(assuming you have a good backup plan to pay off the house IF interest rates go flying up)

It actually went very smoothly. Basically what they really care about:

a) how long you've been at your company and if you're seishain or not. Longer is better. Do not switch jobs before applying for a loan
b) how much money you make. More is obviously better
c) outstanding debts. But I'm not sure how your mortgage back home affects this.

They may also need to verify long term health conditions for the danshin.