Low Doc Loans

Welcome to Low Doc Mortgages, the leading broker for low documentation home loans in Australia. We specialise in providing low doc loans to self-employed Australians who struggle to meet the stringent requirements of traditional banks. Our mission is to help you secure a home loan, even when the banks say no.

At Low Doc Mortgages, we understand that self-employment can make it challenging to provide the necessary documentation for a prime loan. That's why we offer a wide range of low doc loan options for self-employed individuals with bad credit, variable income, or complex business structures. We work with a panel of over 30 lenders, including major banks and specialist lenders, to ensure that we find the right low doc loan for your circumstances.

Our Services

We offer a variety of low doc loan options for both residential and commercial properties, including:

• Low Doc Purchases: If you're looking to buy a home or investment property, our low doc purchase loans can help you secure the property you want.
• Low Doc Refinance: If you're looking to refinance your existing home loan, our low doc refinance loans can help you access the equity in your property.
• Low Doc Bad Credit: If you have a less-than-perfect credit history, our low doc bad credit loans can help you get back on track.
• Low Doc Vacant Land and Construction: If you're looking to build or purchase vacant land, our low doc land and construction loans can help you get started.
• Low Doc Bridging Loans: If you need a short-term loan to bridge the gap between the sale of one property and the purchase of another, our low doc bridging loans can help.
• Low Doc Commercial Loans: If you're looking to purchase or refinance a commercial property, our low doc commercial loans can help you secure the property you need.
• Low Doc Rural Loans: If you're looking to purchase or refinance a rural property, our low doc rural loans can help you access the funding you need.

Why Choose Us?

At Low Doc Mortgages, we pride ourselves on providing exceptional customer service and tailored loan solutions to meet your needs. Here are some reasons why you should choose us:

• We do all the legwork for you, saving you time and making the task of finding a home loan easy and less confusing.
• We match you with a low doc loan that suits your needs and objectives.
• We provide you with a written credit proposal document for your protection, which discloses all commission and payments received.
• We have access to over 30 lenders, ensuring that we find the right low doc loan for your circumstances.
• We offer a wide range of low doc loan options, including purchase, refinance, bad credit, vacant land, construction, bridging, commercial, and rural loans.
• We provide ongoing support and advice throughout the loan process, ensuring that you understand your loan obligations and repayment terms.

Low Doc Loan Requirements

To be eligible for a low doc loan, you will need to provide the lender with a statement confirming your income, generally certified by your accountant or Business Bank Statements or BAS Statements or a combination of above to support your statement of income. Compared to full doc loans, low doc mortgages generally carry a higher interest rate and are available only at lower Loan Valuation Ratios (LVRs) compared to Prime Loans. It is recommended that you refinance to a full doc loan once you have completed your Tax Returns.

What Do Lenders Look For in Assessing a Low Doc Loan?

Every lender has different policies, but there are some standard criteria for most lenders. These include:

• Length of ABN/GST registration: Most lenders require an ABN to be registered (and possibly GST registered if sales are over $75,000) for at least two years. However, we have lenders that will accept an ABN registered for as little as six months.
• Loan-to-Value Ratio (LVR): Some banks will accept low doc loans up to 60% LVR at standard rates, while others will consider up to 80% LVR on purchases. Generally, above 60% for refinance or cash out, we need to apply through