Low doc home loans suit self employed Australians who may not have the necessary documentation to apply for a regular home loan. Some low doc loans also have a minimum period for self employment, so it is important to make sure you meet the criteria before you apply.
Often these loans have a lower Loan-to-Value Ratio (LVR) of between 60 or 80, meaning that you will need to save for a bigger deposit and pay more of the property value up front to secure your loan. Many also offer the features of standard loans, such as the option of an offset account, look around to make sure you have the right low doc home loan to suit you.
To compare a large range of competitive Australian home loans visit our online comparison page and work out your finances with the home loan repayment calculator. For all the latest home loan related tips and information read our news articles and home loan guides.