30+ Reasons to Choose Homeloans

We thought we’d like to share a few reasons to choose Homeloans, and came up with 38 of them. We hope the below provides a good overview of some of the many scenarios we’ll have a look at. Click the loan name for more information on that product.

Please note the below are all areas that Homeloans will consider, however these may be subject to restrictions.

Click here to download a printable PDF version.

1

6 Funders, 1 App Form^, 1 Credit Check*, 1 BDM, 1 Credit Manager, 1 Submission

All products (exceptions apply — see below)
2

Non Gen Savings to 95% LVR — O/O or Inv — No Credit Scoring to 95% incl. LPF (borrowed funds, gift, FHOG are OK)

Accelerate Prime Plus
3

Up to 85% without LPF/LMI for O/O and P&I

Accelerate Prime
4

85% without LMI to $1.1M (1.0% Risk Fee applies)

FlexiChoice Prime
5

Fixed Rate Loans, with 100% Offset & Redraw

MoniPower
6

Fixed Rate Construction Loans with Offset & FHOG @ land settlement

MoniPower
7

Bridging Loan to 85% LVR on peak debt — (Assessed on End debt)

MoniPower
8

No nominal rent applied if living rent free

Ultra, Accelerate, MoniPower (QBE)
9

Valuations not required when a purchase contract is provided as evidence of purchase price#

MoniPower
10

Display Homes — to 80% LVR (INV)

MoniPower
11

Free Upfront Valuations (includes construction)

Optima
12

Family Pledge loan to 110% LVR+ — purchase price plus costs

Optima
13

No Credit Scoring to 90% incl LMI

Optima, FlexiChoice
14

Cash Out — Full Doc to 90% LVR~ (max 20% of loan amount)

Optima
15

85% LVR Alt Doc — 6 month ABN

FlexiChoice Plus & FlexiChoice Assist
16

Alt Doc refinance to 85% LVR

FlexiChoice Clear
17

Alt Doc construction to 80% LVR (Cat 1 & 2 locations)

Accelerate Red
18

Alt Doc Unlimited Cash Out to 80% LVR

FlexiChoice, Accelerate Red
19

Discharged Bankrupts considered from Day 1 to 95% LVR

Accelerate Red
20

Discharged Bankrupts from Year 2 to 90% LVR purchase

FlexiChoice Clear, Accelerate Red, Envizion Refresh
21

Payout of Tax Debts (including ATO arrangements)

Accelerate, FlexiChoice, Envizion
22

Workcover (80%) can be used for servicing

Accelerate (Std. & Red)
23

Defaults under $2K ignored (paid or unpaid)

FlexiChoice
24

Defaults paid >12 months ago considered

FlexiChoice, Accelerate Plus
25

Defaults listed >2 yrs ago ignored (paid or unpaid)

FlexiChoice, Accelerate Red, Envizion
26

Unlimited Arrears considered

FlexiChoice Assist
27

457 Visa to 95% LVR (and others) considered

Accelerate Red
28

Vacant land to 90% (non-build)

MoniPower, Accelerate Prime** & Red**
29

80% of Rent & 100% of Loan Repayment used in servicing for joint loans not being refinanced

Accelerate Prime & Red
30

Specialist construction to 90% LVR + cap risk fee (Cat 1 & 2 locations)

Accelerate Red
31

Commercial products to 75% LVR 30 year loan terms, Full Doc & Alt Doc

Envizion
32

ATO arrangement can remain in place — can be considered

Envizion (residential only)
33

40 year terms available

Envizion, Accelerate (excluding Prime)
34

FY16 Tax Returns accepted until 31st March 2018

except MoniPower
35

No limit on Veda credit enquiries to 95% LVR - O/O & INV

Accelerate & FlexiChoice
36

Maximum $1.3m loan size at 90% LVR

FlexiChoice Prime
37

Non Gen Savings at 90% LVR

FlexiChoice Prime
38

No Credit Scoring to 95% inclusive

Accelerate, FlexiChoice Prime
39

90% LVR Alt Doc 12 month ABN for Purchases

FlexiChoice Clear

The above are examples of what may be considered and may be subject to restrictions such as but not limited to those listed. All rates, product features and credit policies are subject to change without notice. Terms & conditions, fees, charges and credit criteria apply.


^ Not applicable to SMSF products.
* May not apply to Homeloans Optima.
# Max $500k loan, Cat 1 locations only, requires intervention of an agent.
~ Where the LVR exceeds 80%, the cash out amount is to be limited to 5% of the refinance amount.
+ Maximum borrower LVR prior to limited guarantee security is 110%.
** Maximum loan amount $650k, Category 1 and 2 locations only.

Updated 8 May 2018. Rates shown apply to new business only and may vary before your loan is settled. Rates shown do not apply to all loan sizes, purposes, repayment types, scenarios or LVRs. Visit BrokerZone (homeloans.com.au/broker) for more information about the specified loans. The comparison rate is calculated on the basis of a loan of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Terms & conditions, fees, charges and credit criteria apply.

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