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Low Doc Construction Loans

Looking for building you first dream home, first or next investment property and looking for a low doc construction loan, at RealLoans your expert mortgage brokers will help you get your construction home loan.

At Realloans Australia, we have been providing sole traders and small business owner with low doc construction loan.

Low doc construction Loans

Construction Loan Features

  • Individual, Company and Trust as Borrowers
  • Loan Amount up to $5 million
  • Low Doc Home Loans for construction of owner occupied and investment properties
  • LVR Up to 80% for construction loan
  • Bad Credit History acceptable

Low Doc Loan Requirements

  1. Active ABN or ACN
  2. Personal declaration and one of the following Business Activity Statements (BAS), Business Account transaction statements and Accountant’s letter
  3. Must be Australian citizen/permanent resident or visa holder*.
  4. Contract of Sale (if purchase) 
  5. Fixed price building contract 
  6. Council approved plans & specifications 
  7. Building/planning permits

What is a low doc construction loan?

The Low Doc home loan for construction is different from standard home loans. Construction loan finances the borrowers while they build their dream house from a vacant lot. Low doc lender does not give out full construction loan in one go. 

The money is given in stages depending on the completion of work. The final stage is completion stage which generally involves inspection from the lender. This is done to ensure the money is spent on the construction before the final stage money is released. 

Low Doc Construction finance suits the borrowers looking to complete construction of a single dwelling right through to developers looking to complete small-medium development projects.

As low doc construction finance differs from other loan, the mortgage process can be tricky. Realloans mortgage brokers can assist with your application as we specialise in low doc construction loans.

How do I apply for a construction loan?

To apply for a low doc construction loan, simply start an application online, provide the identity, income documents. We will let you know the outcome of your business loan application.

How much can I borrow with a low doc construction finance?

The amount you can borrow construction loan with low documents in Australia will depend on whether you building an investment property to owner occupied, age of your ABN, loan amount and your credit history. The maximum LVR you will be able to get a low doc construction loan is 80% LVR.

Construction Loan with Realloans

Expert Low Doc Loan Brokers

We have one of the best low doc loan brokers that provide constructions loan and customer a personalised service depending on their individual needs.

6+ Lenders

With a good list of lenders available, RealLoans Brokers will provide you with the construction loan option that is best suited for you.

Easy Loan Approval

From first contact to settlement, Realloans broker will guide you throughout your loan process and ensure you have a quick easy loan approval.

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