Directive 329
Bank of Israel LTV caps: 75% first home, 70% replacement, 50% investment; non-residents ~50%.
Banking Supervision Directive 329 is the macro-prudential rule on housing credit. Resident sole homes can go to 75% LTV, a replacement home to 70%, an investment dwelling to 50%. Non-residents, in 2026 market practice, are treated around that 50% ceiling regardless of whether it is their first home worldwide. Foreign-currency loans to non-residents sit in a separate pocket of the same directive. A sales-office 'we have 70% for foreigners' claim is not the Bank of Israel.
Where this comes up
Pages on this site that use the term in context.
- The Cash You Actually Need
Israeli banks cap non-resident mortgages at fifty percent of the lower of price or appraisal, and that fifty percent is a ceiling, not a promise. The gap you must wire from abroad is larger than the headline LTV suggests.