Accomplish your building construction projects easily with the low doc construction loan in Melbourne. But if you are confused about how to apply or who to talk to regarding the loan, we at Everyone Finance is your friend in need.
The low doc construction loan is the best option if you are a self-employed individual and don’t have the financial documents i.e. proof of income required to apply for the building construction or home renovation project. However, to get the loan, it is necessary to find a lender. But worry not, as we will do the job for you.
As professional financial assistants and mortgage brokers, we are close to many lenders and financial institutions. So, keep your worries away as we will find the right lender who will provide you with the funds that you need for accomplishing the construction project.
Our loan specialists in Everyone Finance will secure the low doc construction loan in Melbourne by finding the lender who understands your requirements. The lender might be a financial institution or an individual, thus saving you time.
Even if you have a handful of documents, our mortgage brokers will carry out the search for the right lender with those documents only and will find do it as quickly as possible so that you can start the construction project without delay.
With the low doc construction loan, you will be able to carry out a variety of construction projects such as granny flats, duplexes, holiday homes and other developments. if you want to learn the types of construction projects that you can carry out with this type of loan, you can contact us today.
We aim to make the loan process easy and hassle-free. So, before we can help you out with the construction loan without income proof in Melbourne, take a note of the following things.
Amount You Can Borrow
Though this depends on several factors, the maximum amount that we can help you borrow is up to 80%. However, for that, you will need to be a licensed builder having the ABN. Additionally, you will need to furnish proof of your income using a letter from an accountant, bank statements or using the Business Activity Statement (BAS).
But what if you don’t meet the criteria? No problems, we can still help you out. For more details, give us a call.
What If I am a Developer?
If you are a developer, we can help you get up to 70% of the completion value of your construction project or borrow up to 80% of the project’s actual cost. However, the amounts might vary depending on several factors. But since banks do not approve these loans, we can help you in getting special loans meant for developers.
For getting the loan you will not require too many documents apart from those that provide the details of your income such as draft plans, building permit or certificate of construction, specifications, a copy of the construction tender of the building contract, the insurance of the builder including the risk insurance.
Don’t waste your time and energy on searching for the methods of getting the loc doc self employed construction loan. Rather, choose us for the job because
- We have the best team of mortgage brokers to manage your loan process
- We search for the best lenders who will understand your needs
- From paperwork to documentation, we will manage everything for you
- We give you updates from time to time regarding the loan approval
- We will analyse your financial situation to find the best lender for you
- We solve all of your loan-related queries patiently
Get in touch with us today, and we will help you accomplish your construction project.
Need help in getting a low doc construction loan in Melbourne? You are in the right place as we at Everyone Finance will help you in getting that. So, to discuss your requirements with us, call us today.