We thought we’d like to share a few reasons to choose Homeloans, and came up with over 30. 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.
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4 Funders, 1 App Form^, 1 Credit Check, 1 BDM, 1 Credit Manager, 1 SubmissionAll products (exceptions apply — see below)
Non Gen Savings to 90% LVR — O/O or Inv — No Credit Scoring to 95% incl. LPF (borrowed or gifted funds OK for deposit)Accelerate Prime Plus
Up to 85% without LPF/LMI for O/O and P&IAccelerate Prime
85% without LMI to $1.1M (1.0% Risk Fee applies)FlexiChoice Prime
Fixed Rate Loans, with 100% Offset & RedrawMoniPower
Fixed Rate Construction Loans with Offset & FHOG @ land settlementMoniPower
Bridging Loan to 85% LVR on peak debt — (Assessed on End debt)MoniPower
No nominal rent applied if living rent freeAll Accelerate products
Valuations not required when a purchase contract is provided as evidence of purchase price#MoniPower
Display Homes — to 80% LVR (INV)MoniPower
Alt Doc refinance to 85% LVRFlexiChoice Clear
Alt Doc construction to 85% LVR (O/O only, Cat 1 & 2 locations)Accelerate Red
Discharged Bankrupts considered from Day 1 to 95% LVRAccelerate Red
Discharged Bankrupts from Year 2 to 90% LVR purchaseFlexiChoice Clear
Workcover (80%) can be used for servicingAccelerate (Std. & Red)
Defaults under $2K ignored (paid or unpaid)FlexiChoice
Unlimited Arrears consideredFlexiChoice Assist
457 Visa (and others) considered to 95% LVRAccelerate Red
Specialist construction to 95% LVR + cap risk fee (O/O only, Cat 1 & 2 locations)Accelerate Red
40 year terms availableAccelerate (excluding Prime)
Non Gen Savings at 95% LVRFlexiChoice Prime
No Credit Scoring to 95% inclusiveAccelerate
90% LVR Alt Doc 12 month ABN for PurchasesFlexiChoice Clear
Consolidate an unlimited amount of debtsAccelerate
Payout part 9 and 10 debt agreements on refinancesAccelerate
Family Tax Benefits A & B and child maintenance income acceptable for children up to 17Accelerate Red
Interest rate based on security – not purposeFlexiChoice Prime
Company and trust applications acceptableFlexiChoice Prime
6 months rental history acceptable as genuine savings to 90% LVRUltra Plus
Vacant land to 95% LVR incl LMIUltra Plus
Construct 3 dwellings on 1 titleUltra Plus
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.
# 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 3 September 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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