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.
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6 Funders, 1 App Form^, 1 Credit Check*, 1 BDM, 1 Credit Manager, 1 SubmissionAll products (exceptions apply — see below)
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
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
Valuations not required when a purchase contract is provided as evidence of purchase price#MoniPower
Display Homes — to 80% LVR (INV)MoniPower
Free Upfront Valuations (includes construction)Optima
Family Pledge loan to 110% LVR+ — purchase price plus costsOptima
Cash Out — Full Doc to 90% LVR~ (max 20% of loan amount)Optima
Alt Doc refinance to 85% LVRFlexiChoice Clear
Alt Doc construction to 80% LVR (Cat 1 & 2 locations)Accelerate Red
Discharged Bankrupts considered from Day 1 to 95% LVRAccelerate Red
Workcover (80%) can be used for servicingAccelerate (Std. & Red)
Defaults under $2K ignored (paid or unpaid)FlexiChoice
Unlimited Arrears consideredFlexiChoice Assist
457 Visa to 95% LVR (and others) consideredAccelerate Red
Specialist construction to 90% LVR + cap risk fee (Cat 1 & 2 locations)Accelerate Red
Commercial products to 75% LVR 30 year loan terms, Full Doc & Alt DocEnvizion
ATO arrangement can remain in place — can be consideredEnvizion (residential only)
FY16 Tax Returns accepted until 31st March 2018except MoniPower
Maximum $1.3m loan size at 90% LVRFlexiChoice Prime
Non Gen Savings at 90% LVRFlexiChoice Prime
90% LVR Alt Doc 12 month ABN for PurchasesFlexiChoice 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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