Low Document Home Loans
Low Document home loans are for those people who don't meet the normal criteria of mainstream lenders.
This mostly involves self employed people who want to use alternative methods of income verification in order to obtain an approval.
The usual requirement for a self employed applicant is to provide one to two years of tax returns to a lender. Under a low documentation loan, you can provide either or a combination of the following documents to verify your income:
- An accountant letter confirming your annual business profit OR
- Last two quarters of your business activity statements OR
- 6 months business bank account statements
We can also assist with people who have recently started new jobs or recently left an employer and started their own business.
To discuss your unique situation, please get in touch with our office!