Borrow to 95% Full Doc
You can purchase a property with 5% deposit if you are employed and can provide pay slips. Lenders mortgage insurance will apply. To avoid lenders mortgage insurance you will need a 15% deposit. For self employed home loans the minimum deposit is 20%. If lenders mortgage insurance applies the cost is up to 2% of the value of the loan. It can be paid upfront or can be added to the loan. The cost of LMI is an extra $50 per month for an normal sized loan.
Low Doc Loan Rates
Interest rates start from 4.75% for home loans to 4.9% for investment loans. Each low doc home loan is different and each lender has different requirements. Call 1300 532 626. We are open 24/7.
ABN Minimum 1 year
You must have held an ABN for at least 1 year, preferably 2 years to qualify for a low doc loan.
Home, Investment loans, Refinance
Low doc loans Co offers home loans, investment property loans, lines of credit and refinances. Cash outs and loan consolidations are available. The maximum loan to value ratio for self employed borrowers a low doc basis is 80%.