Acceptable applicants

HomeMate accepts a wide range of applicants for their tailored loan programs, so that more people can move forward with their lives and become owners of Australian property sooner. Please go through the loan programs that match your situation. For Australia's best home loan, click here now.

To view our home loan programs click here now.

Applicant criteria for each loan type:

• Standard loan

• consolidation

• non genuine savings loan

• Interest only loan

• Fixed interest loan

• Home equity loan

• Lo doc loan

• No doc loan

• Nonconforming loan

• bad credit loan mortgage

• Construction loan

• Land loan

• Investor loan

• Nonresident investment loan

• New Zealander investment loan

Standard Loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have a savings history or equity in property.
• Have good credit standing [minor defaults may be OK].
• Have at least 5% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Loan Consolidation [Premium loan]

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Non genuine savings loan [Prime and Standard loan]

The non genuine savings home loan is for people without the sufficient savings record to qualify for a loan, but can acquire 10% deposit, net of costs, to put to the home.

Sources of non genuine savings can be:

Securities accepted as per the standard loan.

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment, plus any credit and borrowings.
• Have good credit standing [minor defaults may be OK].
• Have at least 10% deposit clear of all costs. The deposit need not be saved and can be from:
  • Grants.
  • Gifts.
  • Borrowings from relatives and
  • Personal loans.
• The applicant can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • PAYG contractors
  • Self employed
  • Small business operator

apply here

Interest only loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Fixed Interest Loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Home Equity Loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 20% saved or 20% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Lo Doc Loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have good credit standing [minor defaults may be OK].
• Have at least 20% saved or 20% equity in property after all costs.
• Can be:
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • A Company
  • A Trust

apply here

No Doc Loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have good credit standing [minor defaults may be OK].
• Have at least 35% saved or 35% equity in property after all costs.
• Can be:
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • A Company
  • A Trust

apply here

Nonconforming loan

Acceptable applicants must:

• Have full income verification to show they can afford the repayment. [ or low LVR may be accepted]
• Not be un-discharged bankrupts.
• Have a savings history or equity in property.
• Have at least 20% saved or 20% equity in property after all costs,
  • If credit impaired the deposit or equity may be higher.
• Can be:
  • Wage or salary earner
  • Wage or salary earner
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Bad Credit Loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment. [ or low LVR may be accepted]
• Not be un-discharged bankrupts.
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs, depending on credit impairment [may be lower LVR, requiring higher deposit].
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Construction Loan [residential]

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Land Loan [residential]

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Investor Loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Non Resident loan

Acceptable applicants must:

• Have full income verification to show they can afford the repayment.
• Have good credit standing.
• Be of good character.
• Have a savings history or equity in property.
• Have at least 25% saved or 25% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

New Zealander loan

Acceptable applicants must:

• Be permanent residents of Australia or New Zealand.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

Links to Home Loan Applications

Mr Mortgage is now taking loan applications on behalf of Loan Mate. Please apply below

• Home Loan Application. For your home mortgage loan, mortgage refinance and home equity loan please apply here now.

Links to Home Loans for specialty purposes

No Deposit Home Loans

• 100 Mortgage Home Loans don't need for you to have saved a deposit or down payment. With low mortgage interest rates and the first home buyers grant and the other savings offered by your State Government, that could mean moving in to your home sooner. Apply here now for a 100 percent home loan.

Home Loan Refinance

• Mortgage Home loan refinance can make repayments easier by reducing monthly repayments. Apply here now for home loan refinance.

• 95 Mortgage Refinance, allows you to refinance, pay other bills out and get one low mortgage rate. Consolidate multiple loans and credit cards at 95% LVR with your home loan here now.

Low Doc Loans

• 80 Low doc home loans allow you to apply for a home loan with no income verification at low mortgage rates. Apply for an 80 percent lo doc home loan here now.

• 90 Low doc Home loan allows self employed and contractors to buy a home without the usual income verification dramas. Apply here now for a 90 percent low doc home loan.

• 95 Low doc home loan allow self employed to buy a home with the usual income tests and business period test. Apply here for a 95 percent low doc home loan now.

No Doc Home Loan

• A No Doc Home Loan means no statutory declaration of income, no financials to prove income, as long as you have 20% saved deposit or more 20% equity if refinancing. Apply here now for a no financials home loan.

Bad Credit Home Loans

• Bad credit Home loans allow people buy a home or refinance existing home finance with poor credit histories, depending on income, reason for the credit issues and deposit or equity in the property. For a bad credit home loan apply here now.

To apply for a loan online click here now and select the loan program suits you best.

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