Low Doc Home Loans

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Low Documentation (Low Doc) Home Loans are specific to people who are self-employed and small business owners, with limited or no access to financial statements and tax returns. These are often very important documents when typically applying for a home loan.

At ResiCorp Finance, we’ll sit down with you to discuss your options for low doc home loans. Often you will need to provide the following:

  • Documents to show you have been self-employed in the same industry for at least one year and supply details such as your ABN and/or Certificate of Incorporation.
  • Your Business Activity Statements (BAS) for the past 12 consecutive months and these documents need to be verified by the Australian Tax Office (ATO)Confirmation that your income has been registered for GST for a minimum of 12 months.
  • You might also be asked to provide six months’ worth of statements for your primary business or personal transaction account.

Given the complexity of self-employment, if you are borrowing more than 60% of the property value, you will need Lenders’ Mortgage Insurance as a safeguard.

We are able to assist you in obtaining a standard variable and a fixed rate home loan, a base variable rate home loan, We can tailor a low doc home loan that’s right for you, as well as provide the tools and knowledge to meet your needs.

Want expert advice? We’re here to help.