Is a foreign resident allowed to get a mortgage in Israel?

In the vast majority of cases, the amount of equity that a foreign resident brings with him for the purpose of buying an apartment is higher compared to the equity that the average Israeli has, but many times a foreign resident also needs bank financing in order to finance the transaction.
In order to get a mortgage on the purchased apartment, a foreign resident must contact one of the mortgage banks and his application will be examined.
It is recommended to use a mortgage consultant and do so ahead of time and of course before signing the deal, in order to avoid malfunctions and unpleasant surprises.
For the most part, banks in Israel usually give foreign residents a mortgage loan of up to 50% of the value of the purchased apartment, but in some cases it is possible to get a loan at a higher percentage.