How to get approval

Couple celebrating the approval of their low doc loanLooking to purchase a home, investment property, construction project or refinance? Don’t have the documentation to prove your income? No worries! You can still get approval from a variety of major and non-conforming lenders.

What do the lenders want?

Most lenders have similar criteria and guidelines, however to ensure approval you should ideally be self-employed and have a registered ABN for a minimum of two years.

The banks look closely at your assets and declared income to make sure that it all makes sense!

It is preferable that you have a deposit personally saved, as some lenders will not accept deposits that are gratuitous or that have been acquired through other means.

This is of primary importance if you are a first home buyer. Banks like to see that you are capable of saving and as this is often a reflection of your financial responsibility.

Contact us today!

To see if you can get approval contact one of our expert brokers today! We are specialists in low doc loans and will ensure that you get the best rates and features possible.