Lo Doc Loan

Buying or refinancing a home can be a daunting experience. Particularly if you are self-employed and have income figures that do not deliver a complete financial standing. Drexel’s Lo Doc and No Doc loans provide a flexible solution for borrowers who have income and assets, but are unable to provide the required financial statements or tax returns to substantiate their ability to repay a standard home loan, at the time of their application.

Our Lo Doc and No Doc loans allow you to borrow up to 90% of your property value with minimal to no financial documents or tax returns required. As specialists in lo doc loans we can provide you with some of the most innovative and low cost low doc loans available.

Lo and No Doc loans are also favored by those applicants who have complex business structures and find it more simplistic and convenient to apply for a No/Lo Doc loan. This is because the piles of paperwork normally associated with a traditional loan can be avoided.

Generally with a Lo Doc loan you are not required to provide any documentation to substantiate your income (Tax Returns etc). Instead, you self-declare your income by completing an Income Declaration Form.

If you only want to borrow a maximum of 70% of the value of a property, then a No Doc Loan is more suitable.

There are a number of different classes of No/Lo Doc Loans ... all of which are designed to address a different set of circumstances. Some of these include: