Low Doc Loan
Low Doc Home Loan
A Low doc home loan is a mortgage requiring much less documentation than a standard home loan. Predominately for business owners that haven't had their tax returns completed.
If you’re self-employed a low doc loan may help you into a mortgage quicker. There is always the option to transition into a full doc prime loan in the future when your tax returns are all up to date.
How much can I borrow?
- Borrow up to 80% for a low doc loan.
- Above 80% and risk fees may apply.
What Documents Will I need?
- Personal Declaration of your business earnings. PLUS,
- Either an Accountant's letter or 2 BAS.
- Your business will need to have been operating for longer than 24 months.
What lenders are available?
- There are more than you think, Resimac and Pepper to name a couple.
Discover if you Qualify for a low doc loan
- Give me a call and I'll walk you through it.
Matthew Stack - Mortgage Broker
0423 237 242

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