Low doc home loans, otherwise known as lite doc, or alt doc loans, offer you a home loan option if you’re self-employed. Rather than having to provide payslips, you can usually self-certify your income by providing statements from your accountant, recent Business Activity Statements, or a self-signed income declaration form.
Having bad credit shouldn’t stop you from getting a home loan and owning your own home or investment property. Due to uncontrollable life events, such as suddenly losing your job, going through a separation or divorce, or experiencing a sudden illness, you may find it difficult to keep up with your financial commitments.
Low-Doc & Credit Impaired Loans Sydney
Thankfully, there are a range of specialist lenders and brands in Australia who will accept borrowers with paid and unpaid defaults, discharged bankruptcy claims, mortgage arrears and a high number of credit enquiries on their credit files. The products offered by these lenders are known as non-conforming home loans and are very flexible with lending conditions, usually also being offered to self-employed borrowers.
Simple income declaration form.
No tax returns.
No financial statements.
Can have features such as redraw, line of credit, variable or fixed rates, principal and interest or interest only.
Generally a higher interest rate.
We look forward to servicing your financial future
Call 1300 77 21 21 today because you have a lot to gain and nothing to lose!