Israelis living abroad and foreign residents who want to buy an apartment in Israel can get a mortgage, but with a few important differences.
Financing ratio
The financing ratio for foreign residents is usually lower than for Israeli residents, and each bank sets its own policy within the Bank of Israel limits. Expect to need significant equity. Bank of Israel financing limits
Proof of income
The bank will require documents from abroad: pay slips, tax returns, bank statements, and sometimes a confirmation from a local accountant. Translation and certification may be required.
Income currency versus loan currency
When your income is in dollars or euros and the loan is in shekels, there is a currency risk. A drop in the exchange rate of your currency makes the payment more expensive. It is important to build a mix that takes this into account.
Taxation
Foreign residents usually pay purchase tax as on an additional apartment, unless an exemption or benefit applies to them. Check this with a lawyer. Purchase tax explained