Low Doc Construction Finance
If you are looking for low doc construction finance, a mortgage broker can be a valuable resource. Low doc construction finance is a type of loan that is designed for borrowers who do not have a traditional income verification, such as a tax return.
These loans are often used by self-employed individuals or businesses that are just starting out and do not have a long track record of financial performance.
Low doc construction loans can be a useful tool for self-employed individuals or businesses that are looking to finance a construction project but do not have traditional income verification.
A mortgage broker can help you navigate the process of obtaining low doc construction finance and find the right loan product for your needs.
How does it works
Your Requirements
Let us know what you’re looking at, buying a new home, refinancing existing home loan or construction loan, your personal and business details.
Compare and find Loan
We will compare the lenders and find the right low doc home loan without impacting your credit score.
Getting Approval
Get your low doc home loan at best rate and that meet your requirement within as soon as possible lender and settlement within a week.
Low Doc Construction Loan Features
- Individual, Company and Trust as Borrowers
- Low Doc Home Loans for construction of owner occupied and investment properties
- Interest rates from 6%*
- Debt consolidation and cash out for acceptable purposes
- LVR Up to 80% for construction loan
- Bad Credit History acceptable
Minimum Requirement for Low Doc Construction Loan
- Must be Australian citizen/permanent resident or visa holder*.
- You must have registered ABN.
- Personal declaration and one of the following Business Activity Statements (BAS), Business Account transaction statements and Accountant’s letter
Low Doc Construction Loans
Faqs
What documents do I need for low doc construction loan?
You will need self income declaration and one go the following, 6 months Business Banking Statements, or 6 months Business Activity Statements (BAS), or an Accountant’s declaration.
What is the maximum LVR for low doc construction loan in Australia
80% is the maximum LVR for low doc construction loans in Australia.
Do you provide low doc loans in Melbourne only?
We provide low doc home loans including construction to self employed individuals and businesses throughout out Australia. Whether you are in Melbourne, Sydney, Mackay or Canberra, we can get you that low doc construction loan.
Which lenders offers low doc construction loans?
There used to be good number of non confirming lenders that used to provide low doc construction loans but due conditions of construction industry. Now only a couple of low doc lenders that are still offering construction Loan.