Low Doc Home Loan
Rates & Calculator

Self-employed or without standard income documentation? Yard’s low-doc home loans and calculator make estimating your home loan repayments simple.

If you don’t have the traditional documents needed for a bank loan, it can feel like your property dreams are out of reach.

Many home loan lenders have standard criteria for home loan documentation, for example requiring 2 years tax returns from applicants. As a non-bank lender, Yard can take a more personalised approach to loan approvals, which includes alternative income verification options to assess potential self-employed applicants.

Whether you are a business owner, sole trader, contractor, freelancer or cannot meet the traditional verification requirements for other reasons, we will take your unique situation into account to help you find a solution.

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Yard's Low Doc home loan rates

Low Doc Home Loan
LVR up to 90%
7.28%
p.a.
interest rate
7.72%
p.a.
comparison rate
Repayment
$2,395
/month
Paying off P&I
Good for:

Self Employed home owners

Flexible income verification

Purchase and refinance

Debt consolidation and equity release

Features:

LVR up to 80%

Additional payments

Free redraw

Split accounts

Optional offset facility for +0.10% p.a.^

Low Doc Investor Loan
LVR up to 90%
7.48%
p.a.
interest rate
7.91%
p.a.
comparison rate
Repayment
$2,442
/month
Paying off P&I
Good for:

Self Employed investors

Flexible income verification

Purchase and refinance

Debt consolidation and equity release

Features:

LVR up to 80%

Additional payments

Free redraw

Split accounts

Optional offset facility for +0.10% p.a.^

What is our low doc home loan available for

Purchase

Flexible solutions to help with your owner-occupied or investment property purchase.

Refinance

We can help you refinance an existing loan from another lender to obtain a better interest rate, access new loan features or restructure your current mortgage.

Debt consolidation

We can assist with debt consolidation including personal debt, business loans and ATO debts.

Equity release

You can release equity from your property to do renovations, purchase another property or for business purposes.

See what your home loan repayments could be

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Why business owners choose Yard

Flexible income verification

Alternative income verification options through accountant declaration, BAS or bank statements.

Dedicated expert support

We are self-employed lending specialists - we'll get to know you and your business to find a solution for your situation.

Broad range of home loan solutions

We can help you purchase, refinance, consolidate debts or release equity/get cash out from your property.

No credit scoring

We perform individual assessment on each application to consider your specific circumstances on a case-by-case basis.

Explore Yard's home loan calculators

Borrowing power

This calculator will help you estimate the loan amount you can borrow based on your income and expenses

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Stamp duty

Provides an estimate of stamp duty and mortgage registration charges for each state

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Offset calculator

Estimate how much interest you can save by keeping your savings in your offset account

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Home deposit

You can use our home deposit calculator to estimate the upfront costs for buying a property

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What our customers say...

Are you ready to make a move?

How to apply for a low doc home loan

1
Start your application

Apply online with our easy online home loan application. A dedicated Loan Consultant will give you a call to discuss your home loan requirements and help find the best solution for you.

2
Provide your supporting documentation

We verify your information by receiving some supporting documentation, e.g. accountant letter, BAS or bank statements. We also perform a valuation on your property.

3
We assess your application

Our credit team reviews your information and makes an assessment on your application.

4
Your loan documents and settlement

Our solicitors send you the loan contract via email. When it is time for settlement, our solicitors will work with your solicitor (for a purchase) or current lender (for a refinance) to settle your home loan!

The important questions answered

What documents do I need to provide?

Applying for a low-documentation or low doc home loan? Non-bank lenders, like Yard, can offer more flexibility in assessing income compared to traditional banks. While specific requirements may vary depending on individual circumstances, being prepared with necessary documents can expedite the application process. Income verification documents for a low doc home loan could include:
- An accountant declaration
- Business activity statements (BAS)
- Bank statements

All of these documents are used to verify the net profit or salary you have derived from your self-employed activity.

What are the fees and charges?

Low doc home loan fees may include:
- Application fees
- Valuation fees
- Annual account-keeping fees

A full list of fees is outlined upfront by your Loan Consultant based on your product eligibility.

How long is the application process?

Applying for a home loan with Yard is a streamlined process. With a simple online application and dedicated support from our team throughout the entire process, you can quickly move towards your home ownership goals. If you provide all the required documents our application assessment time is 2 business days. If a physical valuation is required this typically takes 2-3 business days to complete as a valuer needs to inspect your property. These are often faster approval timeframes compared to traditional lenders.

How much can I borrow for a home loan?

Your borrowing capacity depends on factors such as your income, expenses, and the value of the property. Use Yard’s Borrowing Capacity Calculator to get an estimate of your borrowing capacity.

How many years do I have to be self-employed to get a mortgage?

Typically, we expect that you have 2 years of ABN registration. That being said, Yard has solutions for self-employed customers with 6 months ABN registration. Simply start your application online and one of our Loan Consultants will call you back to discuss your options.

Does Low Doc mean that you do not need to verify my income?

All home loan lenders have an obligation to not let you borrow more than you’re financially able to repay. Low doc loans are an alternative way to prove that you have the income required to service the loan, and we will still need to verify your income through the alternative documentation.

Yard is your partner for property ownership

We consider your time, your circumstances and your wallet