Low-Doc Home Loans.
Mortgage solutions for Australian small business owners.
- Fast approvals
- Expert Advice
Why Gusto Home Loans
20+ years of experience
in mortgage lending
Contact our team for a free consultation and discover your mortgage options.
Specialised Lenders
We connect you with lenders who understand self-employed borrowers. Access exclusive low doc mortgage products, with policies tailored for those unable to evidence traditional PAYG income.
Flexible Income Verification
Replace payslips with BAS statements, accountant declarations, or bank statements. Making home ownership possible for Australian business owners!
Competitive Rates
Low-doc doesn’t always mean high cost. We compare multiple lenders to secure competitive interest rates, helping you achieve your property goals while keeping repayments manageable.
Fast Approval
Our established lender relationships mean your low doc loan application moves quickly from submission to approval. Avoid delays and get your finance sorted fast!
How we can help you secure an Alt-Doc Home Loan:
The Gusto Edge
Expert mortgage advice to give you clarity and confidence when financing your next home.
- Fast pre-approval to get you started
- 30+ lenders to find you a great deal
- Fully online application process and Australia wide
- Personalised and responsive service
How does it work?
The Gusto Way
Fast-track your low-doc home loan by speaking to our expert team of brokers today.
All business owners know that jumping through hoops for a lender can be painful if they don’t understand you. So let our team take care of the lender, while you find your dream home!
Free Consultation
A no-obligation consultation where we seek to understand your short and long-term objectives so we can find the mortgage products that align with your goals.
Product Selection
Detailed information is prepared on the most suitable home loan options for your circumstances and a follow up consultation to ensure you understand and all questions are answered.
Approval
A comprehensive application is submitted to the lender to ensure a prompt credit assessment is completed and a speedy outcome is achieved.
Settlement
We will liaise with conveyancers, real estate agents, and the lender to ensure you are on track for your settlement date and the transaction can be completed without any unexpected surprises.
Mortgage Services From Gusto Home Loans
Speak to our brokers today about the best home loan finance solutions for your circumstances.
Low-Doc FAQs
Questions? We're Glad you Asked.
Here’s a little more about how we operate to best serve business owners in the market for a low-doc or alt-doc home loan. Got a more specific question? Feel free to get in touch.
A low doc mortgage is a home loan for borrowers who can’t provide full financial documentation in a traditional way, like payslips from your employer, or income statements via the ATO.
A low-doc Lender will accept alternative evidence like BAS statements, bank statements, or accountant declarations to verify income in support of your home loan application.
Self-employed borrowers, business owners, contractors, and those with irregular income can apply.
You must have an ABN and be able to provide alternative proof of income.
The documents required will differ depending on the specific circumstances, but may include any of the following:
- Proof of ABN
- GST registration
- Business Activity Statements (BAS)
- Business transaction account statements
- Accountant’s letter
- Personal tax returns
Some lenders may also request additional information on your tenure working within your industry.
Your borrowing limit will be determined by your income, expenses, and current debts.
As part of the initial consultation, our brokers will assess your borrowing power so you know where you stand prior to committing to a mortgage application for pre-approval.
Your minimum required will be higher for a low doc loan compared to a regular consumer mortgage.
This will vary significantly based on individual circumstances, but expect at least 15%-20%.
In some cases you may be required to pay Lenders Mortgage Insurance (LMI) if your deposit is less than 40% of the purchase price with a low-doc loan. Our broker will assess this early in the process so there are no surprises later on.
In addition to your deposit you will also need to cover closing costs which will include stamp duty, conveyancer fees, and various other adjustments as part of a property settlement.
As a rule of thumb, you should budget 5% of the purchase price for these costs.
Due to the higher perceived risk of a low-doc loan the interest rate may be slightly higher.
However, you may be surprised how competitive the interest rates are.
Our brokers can provide an indication of what to expect in that first consultation.
Yes, it is very common for business owners to purchase investment property using a low-doc loan.
Interest rates and loan to value ratios may differ to an owner occupier, which our brokers can provide guidance on in that first consultation.
Loan approval can be achieved within a few days once a complete application is provided to the lender.
Once you have exchanged contracts on a property it usually takes 3-6 weeks to settlement, depending on the state or any non-standard terms that have been negotiated as part of the purchase.
The most important step is securing unconditional loan approval within agreed timeframes.
Followed by ensuring settlement takes place by the due date.
We conduct all of our business online. You can submit an enquiry online in just a few minutes and we will be in touch in no time.
In the digital age we can accomplish most things via video calls, phone, email, and electronic signature platforms.
Our brokers have access to a panel of over 20 mortgage lenders.
This allows us to match you with a lender with low-doc options that suit your circumstances.
The best part is that it is a free service for you! We earn our money from the lender in the form of a commission.
Details of this are provided to you in every case for full transparency.
The short answer is no, and there are two main reasons for this.
The first is that your property journey is only beginning and we intend to serve you over the long term.
We can only do this if you are thrilled with our service. This includes finding the most suitable deal for you now, but also monitoring the market into the future for when things change.
The second is that there is a legal requirement for mortgage brokers to act in the best interests of their clients. This regulation was introduced to limit the potential for bad actors in the industry. Giving some peace of mind for those unsure about using a broker.
But our first reason, is our motivation regardless of the regulations.
There are various degrees of bad credit and the overall answer is that it depends.
We have access to a large selection of home loan lenders and our brokers know their criteria inside out.
Book a free consultation today so we can better understand your credit history and can assess what options you have for a home loan.