ANZ Low Doc Loans – Which Lenders Offer Low Doc Loans?

For individuals who want to buy a house, the thought of having to go through a loan application scares the hell out of them. This is because a lot of people do not really know how to do it. For them, it’s a lengthy and arduous process.

This is true for some people, especially those who do not meet all the requirements. A lot of people need to know that lenders are very strict with approving loans. They don’t simply lend money to someone who asked. They will need to make sure that the person who gets the money is financially responsible and has the ability to repay the loan.

Most of the time, those who can’t show proof of income (pay slips, tax returns, etc.) are those who work as freelancers, contractors and sub-contractors, and self-employed individuals. These people mostly work on a project basis and can make a lot of money. However, the nature of their work keeps them from having all of the documents lenders ask for when processing loans. This is why a lot of them are most likely to get denied.

But with specialized loans, like ANZ low doc loans, these people will have the chance to obtain a loan to buy a house. These low doc loans are great because they offer people who can’t provide all the documents lenders ask for the opportunity to become homeowners.

Lenders who process these loans use a different method in determining a person’s eligibility for a home loan. They won’t ask for a lot of documents that they know applicants can’t provide. For them, alternative documents will do.

There are different lenders that offer low documentation loans. These days, it is easy for any unconventional worker to apply for a loan because of the number of lending institutions that they can approach.

Aside from ANZ lowdoc loans, these workers can acquire CBA low doc, NAB low doc, and St. George low doc loans, among others. Below is a list of other lenders that can offer these.

-          Pepper Home Loans

-          CBA

-          HSBC Bank

-          Better Mortgage Management

-          Bankwest

-          Adelaide Bank

-          AMP

-          Suncorp

-          Rams

-          NAB

-          La Trobe

-          Homeside

-          Carrington National

-          First Permanent

-          FirstMac

-          Bluestone

-          BMC

-          Homeloans Ltd.

-          Macquarie Bank

-          MAS

-          Citibank

-          Heritage Building Society

-          MKM Capital

-          Liberty

-          ING

-          Maxis Home Loans

When trying to figure out how you can obtain a low doc loan, you should try and look for a mortgage broker because they know how to do this best. They can help you find the best lenders.

Take note that the lending institutions mentioned above may implement different policies, so it is best to have a professional work with you when trying to apply for a loan. That way, you will be able to take advantage of competitive rates.

So make sure that you go look for mortgage brokers first. It should help make things a lot easier for you.