How IsraelProp Works: The Answers You Need Before You Start You Need Before You Start.

Yes. Israeli banks offer mortgages to non-residents, typically up to 50% of the property value (LTV). This means you need at least 50% as a down payment. IsraelProp helps non-residents navigate the application, documentation, and bank negotiation process.

In most cases, no. The purchase can be completed remotely using a power of attorney (POA) signed at the Israeli consulate in your country, authorizing a local representative to sign all documents on your behalf.

Non-residents are generally limited to 50% loan-to-value (LTV) by the Bank of Israel. Residents can borrow up to 75% LTV on a first property.

The process typically takes 6 to 10 weeks from application to approval. IsraelProp manages the entire timeline, including bank communication, appraisal coordination, and legal steps.

The main Israeli banks serving overseas buyers are Mizrahi-Tefahot, Leumi, and Discount Bank. IsraelProp compares options across all major banks to secure the best terms for your profile.

A power of attorney (yipuy koach) is a legal document authorizing someone in Israel to act on your behalf. It is signed at the Israeli consulate in your country and allows your local representative to sign all documents at the bank and land registry.

Overseas buyers typically need: passport copies, 2-3 years of tax returns, recent payslips or proof of income, bank statements (3-6 months), credit report or bank reference letter, and source of funds documentation. All documents may need to be translated into Hebrew.