Residential Loans - Standard income and equity criteria
Loans requiring savings or existing equity in property
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Premium
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Deluxe Line of Credit
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Non-resident
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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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No
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Investment
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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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Refinance
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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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No
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No
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Vacant Land
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Yes
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No
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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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No
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Lending Criteria
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Max. Loan Value
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$2 million
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$750,000
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$500,000
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Max. Loan % (LVR)
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95%
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90%
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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 or rural residential
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Mortgage Insurance
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Lender or borrower paid
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Lender or borrower paid
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Lender paid
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Savings/equity
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Savings (6mths) or equity in property
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Savings (6mths) or equity in property
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Savings (6mths) or equity in property
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Income History
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Employees
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Current job min. 3 mths; non-probationary; payslips + one other
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Current job min. 3 mths; non-probationary; payslips + one other
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Self-employed
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2 year's financials
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2 year's financials
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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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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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30 yrs
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Principle & Interest
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Yes
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No
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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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Up to 10 Yrs
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Contact Us
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