Low doc home loans, also called an alt doc loan, lets you prove your income without two years of tax returns. You use BAS, business bank statements or an accountant's letter instead. We compare 50+ lenders to find the one that suits how you actually earn.
You run a business, the income is there, and the bank still wants two years of finalised tax returns you haven't got yet. That gap stops a lot of capable self-employed buyers before they start. Low doc home loans exist to close it. Fox Home Loans has access to a wide panel of lenders who understand alternative income verification, and we know which ones will assess your paperwork fairly. For the full step-by-step detail, read our guide on how self-employed borrowers get approved without full financials.
Instead of two years of tax returns and notices of assessment, low doc lenders accept alternative evidence that money is genuinely coming into your business. The three most common are your two most recent Business Activity Statements (BAS) and three to twelve months of business bank statements. The third is a signed letter from your accountant confirming your income. Lenders often accept a combination.
Low doc still means proving your income. Under responsible lending rules set by the Australian Securities and Investments Commission (ASIC), lenders must verify what you earn. A signed declaration on its own won't get a loan over the line. The difference is which records you use, and each one does a different job:
| Document | What it shows the lender | Most useful when |
| Two most recent BAS | Turnover you've already reported to the Australian Taxation Office (ATO) | Your business is trading well now but the last return doesn't show it
|
| Business bank statements (3 to 12 months) | Real cash flow in and out of the business | Income is lumpy or seasonal and the lender needs to see the pattern
|
| Accountant's letter | A qualified professional's signed statement of your income | Your structure is more complex, or the BAS doesn't tell the whole story |
BAS carry weight because they're an official record. The ATO uses your BAS to collect GST, PAYG instalments and PAYG withholding. That means the figures on it are ones you've already reported, not ones you've simply stated. You'll usually also need an active ABN, and lenders set their own minimum for how long it has been registered. We'll give you the exact document list for your lender before anything is lodged.
Reach out today for a confidential, no-obligation chat. We’ll guide you through your low doc (alt doc) loan options, so you feel confident and in control of your next move.
Home loan pre-approval is a process by which a lender reviews your financial and credit history to determine how much money they would be willing to lend you for a home purchase. Pre-approval is not a guarantee that you will receive a loan, but it does provide an indication of how much you can borrow and the terms of the loan.
To obtain pre-approval, you typically need to provide the lender with information about your income, assets, and debts, as well as your credit score. The lender will use this information to assess your creditworthiness and calculate how much they are willing to lend you.
The pre-approval process typically takes a few days to a week, depending on the lender and the complexity of your financial situation. Once you receive pre-approval, you can start shopping for homes with the confidence of knowing how much you can afford to borrow.
Enquire for Pre ApprovalA first home buyer loan is a type of home loan specifically designed for individuals who are purchasing their first home. These loans typically have features that are intended to help first-time buyers enter the property market, such as lower deposit requirements, reduced or waived fees, and government incentives.
It’s important to do your research and compare the features and costs of different loans to find the one that best suits your individual needs and financial situation. Or leave it to the experts at Fox Home Loans. We’re here to help first home buyers navigate the complex road to owning their first home.
Enquire for your First Home LoanHome loan refinance is the process of replacing an existing home loan with a new loan from a different lender or with a different loan product from the same lender. The primary purpose of refinancing a home loan is usually to obtain a better interest rate or to access different loan features or benefits.
When you refinance a home loan, you essentially pay off the existing loan with a new loan, and the terms and conditions of the new loan may differ from those of the old loan. For example, you may be able to obtain a lower interest rate, switch from a variable rate to a fixed rate or vice versa, or access features such as offset accounts or redraw facilities.
Refinance your Home LoanBefore you start the process of switching home loans, it’s important to consider why you want to make the switch. Do you want to lower your interest rate, access different loan features, or consolidate debt? Understanding your reasons for switching can help you choose the right loan product and lender.
It’s important to note that switching home loans can be a complex process, and it may be helpful to seek advice from a mortgage broker like Fox Home Loans to ensure that you are making the right decision for your individual circumstances.
Switch Home LoansAn investment property loan is a type of home loan designed specifically for individuals who are looking to purchase a property for investment purposes rather than to live in themselves. These loans are typically used to purchase a property that will be rented out, with the rental income used to help repay the loan.
It’s important to carefully consider the costs and risks associated with investing in property and to do your research to find the right investment property loan for your needs. A financial advisor or mortgage broker may be able to provide guidance and advice to help you make informed decisions about your investment strategy.
Enquire for an Investment Property LoanA renovation home loan, also known as a home renovation loan or a home improvement loan, is a type of home loan that is specifically designed for borrowers who want to renovate or improve their existing home. These loans can provide funding to cover the cost of renovations or improvements, which can be a more affordable way to upgrade a home than selling and buying a new property.
If you are considering a renovation home loan, it’s important to have a clear understanding of your renovation plans and budget, and to work with a reputable lender or mortgage broker who can help you find the right loan product for your needs.
Enquire for a Renovation Loan
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Enter some basic details in our simple online form.
Discuss your loan preferences and application information.
Your Lending Specialist will discuss all details of your pre-approval.
With our technology, you can simply sign your loan documents electronically.
Your loan funds will be processed when settlement is finalised. It's that simple!
Enter some basic details in our simple online form.
Discuss your loan preferences and application information.
Your Lending Specialist will discuss all details of your pre-approval.
With our technology, you can simply sign your loan documents electronically.
Your loan funds will be processed when settlement is finalised. It's that simple!
Enter some basic details in our simple online form.
Discuss your loan preferences and application information.
Your Lending Specialist will discuss all details of your pre-approval.
With our technology, you can simply sign your loan documents electronically.
Your loan funds will be processed when settlement is finalised. It's that simple!
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A low doc home loan (also known as alt doc) is a type of mortgage designed for borrowers who cannot provide standard proof of income, such as payslips or tax returns.
Instead, lenders accept alternative evidence like bank statements, BAS (Business Activity Statements), or accountant declarations. These loans are commonly used by self-employed individuals, contractors, and small business owners.
Low doc home loans are typically available to those who cannot provide conventional income documentation. Eligible applicants are usually self-employed, contractors, or business owners with an ABN who can demonstrate a stable income over at least 6 months. Applicants must also have a deposit and a generally good credit history.
Yes, many lenders allow low doc home loans to be used for investment purposes. However, the terms and eligibility requirements may differ from loans for owner-occupied homes. It’s important to discuss your investment goals with your Fox Home Loans mortgage broker to ensure you find the best option.
In most cases, yes. Low doc home loans tend to have slightly higher interest rates and fees because lenders take on more risk without full income verification. Rates vary among lenders, so working with a mortgage broker like Fox Home Loans, can help you find the most competitive option.
The documentation required when applying for a home loan can vary between lenders. Self-employed borrowers should generally have the following ready:
