Low Doc Home Loans
Are you a self employed sole trader, company or trust looking for a home loans but don’t have up to date tax returns or financials. Low doc home loans may be the option, Let a Low Doc Broker find a bank that offers low doc home loan.
A Low doc home loan is available for self-employed individuals, sub-contractors and businesses with ABN who are looking for home loan with low documents, may it be for being a new home, refinance or contraction home loan.
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 Home Loan Features
- Individual, Company and Trust as Borrowers
- Low Doc Home Loans for Purchase, refinance of owner occupied and investment properties (including vacant land)
- Interest rates from 7%*
- Debt consolidation and cash out for acceptable purposes
- LVR Up to 85% for established home, 80% for construction loan and 75% Vacant Land
- Bad Credit History acceptable
Low doc home loans Purpose
- Purchase an established home
- Refinance and existing loan
- Land and Construction loan
- Refinance and Cash Out
- Refinance and construction
Low Doc Home Loan Interest Rates
| LVR | Principal & Interest Rate | Comparison Rate** | Interest Only Rate | IO Comparison Rate** | Risk Fee |
|---|---|---|---|---|---|
| ≤ 60% | 7.19% pa | 7.25% pa | 7.49% pa | 7.55% pa | – |
| ≤ 65% | 7.19% pa | 7.25% pa | 7.49% pa | 7.55% pa | – |
| ≤ 70% | 7.19% pa | 7.25% pa | 7.49% pa | 7.55% pa | – |
| ≤ 75% | 7.29% pa | 7.35% pa | 7.59% pa | 7.65% pa | – |
| ≤ 80% | 7.29% pa | 7.35% pa | 7.59% pa | 7.65% pa | .5 – 1.5% |
| ≤ 85% | 8.24% pa | 8.30% pa | 8.54% pa | 8.60% pa | 1 – 2 % |
Minimum requirement for low doc 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
What is the max lvr for low doc home loan
The maximum LVR for a low doc home loan can vary depending on the lender you choose and the type of property you are buying. Here are some general guidelines:
- Buying a house: Up to 85% LVR
- Vacant land: Up to 75% LVR
- Construction: Up to 80% LVR
- Refinance: Up to 80% LVR
- Refinance with cash out: Up to 80% LVR
Find out more about low doc loans
Please call us on 0448 211 040 or enquire online and one of our brokers who specialises in low doc loans can help you with a more detailed assessment.
Low doc home loans in Australia
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