Self-employed or without standard income documentation? Yard’s low-doc home loans and calculator make estimating your home loan repayments simple.
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.
Self Employed home owners
Flexible income verification
Purchase and refinance
Debt consolidation and equity release
LVR up to 80%
Additional payments
Free redraw
Split accounts
Optional offset facility for +0.10% p.a.^
Self Employed home owners
Flexible income verification
Purchase and refinance
Debt consolidation and equity release
LVR up to 80%
Additional payments
Free redraw
Split accounts
Optional offset facility for +0.10% p.a.^
Self Employed investors
Flexible income verification
Purchase and refinance
Debt consolidation and equity release
LVR up to 80%
Additional payments
Free redraw
Split accounts
Optional offset facility for +0.10% p.a.^
Self Employed investors
Flexible income verification
Purchase and refinance
Debt consolidation and equity release
LVR up to 80%
Additional payments
Free redraw
Split accounts
Optional offset facility for +0.10% p.a.^
Flexible solutions to help with your owner-occupied or investment property purchase.
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.
We can assist with debt consolidation including personal debt, business loans and ATO debts.
You can release equity from your property to do renovations, purchase another property or for business purposes.
Alternative income verification options through accountant declaration, BAS or bank statements.
We are self-employed lending specialists - we'll get to know you and your business to find a solution for your situation.
We can help you purchase, refinance, consolidate debts or release equity/get cash out from your property.
We perform individual assessment on each application to consider your specific circumstances on a case-by-case basis.
This calculator will help you estimate the loan amount you can borrow based on your income and expenses
Provides an estimate of stamp duty and mortgage registration charges for each state
Estimate how much interest you can save by keeping your savings in your offset account
You can use our home deposit calculator to estimate the upfront costs for buying a property
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.
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.
Our credit team reviews your information and makes an assessment on your application.
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!
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.
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.
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.
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.
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.
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.
We consider your time, your circumstances and your wallet
Interest rates apply to new loan applications on or after 20 February 2024. The interest rates are subject to change at any time. Terms, conditions and eligibility criteria apply to all our loan products and features. Fees, charges and disbursements are payable. Final approval is subject to credit assessment. Target Market Determination for this product is available.
The comparison rate is based on a loan amount of $150,000, over a 25-year term. For variable interest only loans, comparison rates are based on an initial 5-year interest only period. During an interest only period, your interest only repayments will not reduce your loan balance. This may mean you pay more interest over the life of the loan.
WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Terms, conditions, fees and charges apply, and your full financial situation would need to be reviewed prior to acceptance of any Yard offer or product.
Yard Financial Pty Ltd | ACN 623 357 513 | Australian Credit Licence 509481. Yard Home Loans Pty Ltd | ACN 634 101 901 | Credit Representative Number 517113 for Yard Financial Pty Ltd ACN 623 357 513.
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