Mortgage eligibility is not based on one single number. Israeli banks look at the full picture: who the borrower is, income stability, existing debts, available equity, property type and the overall risk of the transaction.
Net Income and Stability
The bank wants to see reliable income that can support a monthly mortgage payment over many years. Employees usually provide payslips, while self-employed borrowers provide tax assessments, accountant documents and financial reports.
Repayment Ratio
The repayment ratio shows how much of your available income goes toward mortgage and loan payments. A lower ratio usually means a safer deal. You can test this with the repayment load calculator.
Equity and Loan-to-Value
First-time buyers, home movers and investors face different financing limits. Beyond the down payment, remember purchase tax, legal fees, appraisal, brokerage and a cash reserve.
Credit Conduct
Past loan repayments, overdrafts, returned checks or missed payments can affect approval and pricing. It is better to discover issues before signing a purchase agreement.
Start with an affordability estimate, then continue with a personalized review before committing to a transaction.