housing loan for foreigners in Korea

Foreigners are eligible to get a loan for their new house but they need to be careful and know the details. As far as I know, only the foreigners with F visas (like F-2 or F-5), a good credit history, and proof of stable income are eligible for loans. Although credit history might be the hardest, for me getting the F visa is the hardest. Then you can go to the banks like Kookmin, Shinhan, and Hana to ask more about loans and apply for one. Make sure that you understand all the details. Because it’s risky for their side to give foreigner a loan, they might put more interest and down payment on the loan. Most of my friends were interested in housing loans and a few of them got a chance to get loans Joensae for their house (most koreans also get this loan too). If you don’t korean though, make sure that you go with a Korean or someone know Korean!!! Because there are lots of paperwork and Korean involved. Good luck !!