Low documentation home loans

Low Documentation, or Low Doc, home loans are loans which require very little or no income documentation to get approval. The less documentation you provide, the higher the interest rate on the loan is likely to be.

Assistance with your Low Doc home loan

If you need help with your low doc home loan application or to talk to a mortgage broker about the home finance options that are in your best interest call us on 0508 722 205 (+64 9 526 0122) OR fill form below.

Low doc home loans are typically used by borrowers who are self-employed, have variable income or do not have tax returns or financial reports with which to prove serviceability. You may be able to use a low doc loan for residential, investment or business purchases.

Major lenders will usually insist on a Loan to Value Ratio (LVR) of at least 80 per cent. Most lenders will also require you to take out Lenders Mortgage Insurance for a low-doc loan with an LVR greater than 60 per cent.

Prior to the sub-prime crisis in the US, these types of loans were expanding to offer a wider range of features, however in recent times this area of the market has become somewhat stricter so check with your local mortgage broker which features are available for the loan you are looking at. Despite this, low-doc home loans are a popular product and you may still be able to access a low-doc loan with a fixed or variable rate, at competitive interest rates and with a range of features.

For more information on Low-doc home loans

There are many variations on this type of loan, so for a full overview on the various options available to you or the home loan that is in your best interest, talk to your local mortgage broker or call us at any time on 0508 722 205 (+64 9 526 0122).

Find Out About Loc Doc Home Loan Options

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