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Non Conforming Loans

Non conforming loans are designed to help people who do not meet the lending criteria of traditional home lenders. In Australia it is estimated that about one in four people are declined credit from traditional home lenders. Situations where non-conforming loans can help are:

  • Irregular employment pattern
  • Unusual income streams
  • Adequate or regular savings patterns
  • Self employed for less than 2 years
  • Self employed and you are unable to provide financial statements
  • Start up business
  • Recently divorced
  • Recently arrived in Australia
  • You are older than 55 years old
  • You wish to consolidate more than 4 debts
  • Adverse credit history
  • Discharge bankrupt

Non conforming loan products currently on offer are:

  • Reverse Mortgages
  • Home Loans – up to 105%
  • Construction Loans – up to 105%
  • Investment Loans – up to 105%
  • Lines of Credit – up to 90%
  • Low Doc Loans – up to 95%
  • Business Loans
  • Short Term Loans
  • Car Loans – up to $60,000

All situations involved with non-conforming loans are unique and hence interest rates and fees associated with non conforming loans are assessed, case by case on a 'Rate for Risk' basis.

Contact Us for more information and to discuss the most suitable loan for your unique situation.