Residential Loans - Lo Doc Loans
Loans which requiring savings or existing equity in property
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Easy Doc
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Lo Doc
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Maxi
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Lo Doc
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Biz
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Lo Doc
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95%
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Purpose
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Owner Occupier
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Yes
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Yes
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Yes
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Yes
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Investment
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Yes
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Yes
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Yes
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Yes
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Purchase
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Yes
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Yes
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Yes
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Yes
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Refinance
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Yes
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Yes
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Yes
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Yes
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Construction
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Yes
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Yes
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Yes
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No
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Vacant Land
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Yes
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Yes
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Yes
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No
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Business/equity release
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Yes
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Yes
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Yes
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Max $125,000
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Lending Criteria
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Max. Loan Value
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$500,000
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$800,000
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$3,000,000
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$750,000
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Max. Loan % (LVR)
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65%
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80%
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90%
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95%
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Acceptable Security
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Residential or rural residential
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Residential or rural residential
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Residential, rural residential and mixed use
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Residential and rural residential
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Mortgage Insurance
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Lender Paid
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Lender paid (some exceptions)
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Nil
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Borrower Paid
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Savings/equity
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Savings or equity in property
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Savings or equity in property
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Savings or equity in property
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Savings or equity in property
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Income History
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Employees
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Can be co-borrowers but most verify income as per Full Doc
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Can be co-borrowers but most verify income as per Full Doc
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Can be co-borrowers but most verify income as per Full Doc
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Self-employed
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No declaration of income No A&Ls required
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Self-certified.
Min 2yrs S/E
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Self certified
Min 1yr S/E
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Self-certified.
Min 2yrs S/E
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Credit History
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Baycorp report
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Clear
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Clear
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Minor defaults allowed
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Clear
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Repayment
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Term Maximum
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30 yrs
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30 yrs
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40 yrs
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30 yrs
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Principle & Interest
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Yes
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Yes
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Yes
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Yes
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Interest Only
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Up to 10 Yrs
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Up to 10 Yrs
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No
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Up to 5 yrs
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Contact Us
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