Low Doc / Alt Doc

Flexible Loan Options for Self-Employed and Non-Traditional Borrowers

Not everyone fits the standard mold when it comes to applying for a home loan. If you’re self-employed, a freelancer, or someone with an irregular income stream, you might find it challenging to meet the strict documentation requirements of traditional loans. That’s where Low Doc (Low Documentation) and Alt Doc (Alternative Documentation) Loans come in. At ARC Lending Network, we specialise in helping you access the finance you need, even when conventional lenders might say no.

What are Low Doc and Alt Doc Loans?

Low Doc and Alt Doc Loans are designed for borrowers who may not be able to provide the usual documentation, such as pay slips or tax returns, required for a standard loan. These loans offer flexibility by allowing you to verify your income through alternative means, making them ideal for self-employed individuals, freelancers, or those with multiple income sources.

Why Choose a Low Doc / Alt Doc Loan?

  • Instead of traditional income verification, you can use alternatives such as bank statements, Business Activity Statements (BAS), or an accountant’s letter to prove your income.

  • These loans can be structured to fit your financial needs, whether you’re looking for a fully serviceable loan, a redraw facility, or a line of credit.

  • Even if you don’t meet the criteria for a standard loan, Low Doc and Alt Doc Loans provide a pathway to securing the finance you need.

Who Can Benefit from a Low Doc / Alt Doc Loan?

These loans are perfect for those who:

  • Are self-employed or have been in business for less than two years.

  • Have seasonal or irregular income.

  • Recently switched industries or moved between full-time employment and self-employment.

What to Consider

While Low Doc and Alt Doc Loans offer greater flexibility, there are a few things to keep in mind:

  • Higher Interest Rates: Due to the perceived higher risk, these loans often come with higher interest rates compared to traditional loans.

  • Loan to Valuation Ratio (LVR) Limitations: There may be more restrictions on the maximum LVR, which can limit the amount you can borrow relative to the value of the property.

  • Limited Lender Options: Not all lenders offer Low Doc or Alt Doc Loans, so it’s important to work with a broker who understands the market and can find the right fit for you.

Why Choose ARC Lending Network?

Tailored Advice

We tailor our advice to your unique financial situation and homeownership goals, ensuring you feel confident and informed throughout the process.

Market Expertise

Our extensive knowledge of the property market and strong relationships with a wide range of lenders ensure you get the best possible deal.

Technology-Driven

We leverage the latest technology to streamline the mortgage process, making it faster and more efficient while keeping you updated in real time.

Ready to Explore Your Loan Options?

If you’re self-employed or have a non-traditional income stream and need flexible financing options, contact us today to discuss your Low Doc or Alt Doc Loan options. At ARC Lending Network, we’re committed to helping you achieve your financial goals with tailored solutions that work for you.