Non Conforming Loans: Specialist Lending Solutions for applicants that don’t fit traditional lending criteria or borrowers with a bad credit history.
If you can’t get a mortgage because you don’t fit traditional lending criteria, you’re not alone. In Australia, we estimate that one in five people are unable to obtain credit from a traditional lender. Often this is through no fault of their own and may be due to the tightening of lending criteria, risk profile of lender, change of policy of bank or automatic decline by credit score or Mortgage Insurance.
Non Conforming Home Loans
Many Borrowers have become a victim of Lenders tightening their credit policies since the GFC to keep the cost of their funding down. A vast majority of these borrowers are more than capable of servicing a loan but for one reason or another they don’t comply with prime lender policies.
Our Mortgage Loan Specialist Brokers are uniquely qualified to assist borrowers who fall outside the traditional lending criteria.
Low Doc Home Loans
If you do not fit into the Banks format for Self Employed, then you may have already found that finding a home loan can be difficult. We have low doc home loans for both clean credit and credit impaired for Purchase, Refinance, Debt Consolidation, Cash Out, Vacant Land and Construction Loans for Residential Zoned Properties. Alternative verification of income can include either Accountant to verify, 6 months of lodged BAS statements or 3>6 months of business bank statements or a combination of any 3 to apply for a Self Employed Home Loan.
Bad Credit Home Loans
Credit Impaired or bad credit home loans are available for applicants that have past or present credit impairments that allow for funding of a purchase, debt consolidation or refinance of Residential zoned property including vacant land or for construction of an owner occupied property.
These funding lines allow for refinancing to a prime loan when credit issues have dropped off from credit file.
Ex Bankruptcy or Part 9
Get back into home ownership. We have specialist lenders that can lend you up to 95% of the property value on a purchase and up to 85% on a refinance on a residential zoned property and purchase or refinance on vacant land or 80% on a construction loan from 1 day discharged bankruptcy.