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Full Doc

Borrowers who have all of the income verification documents necessary by a lender to evaluate a home loan application are eligible for a full documentation loan.

A full doc application will help us break down your income, credit, and assets so that we can evaluate what we can do to assist you achieve your long-term goals.

Full doc loans, commonly requires all income and assets to be recorded and confirmed according to the lending institution's criteria. Multiple legal documents are usually required for full doc loans to establish that the borrower makes enough money to qualify for the loan. The following are examples of documents that may be included:

  • Two years' worth of tax returns and review of assessments.
  • Business bank statements for the last three months OR your most recent quarterly business activity statements (BAS).

FAQs

What if I'm a borrower seeking a bit more flexibility?

Borrowing money from a bank might be difficult if you're self-employed or run a small business. As part of their approval procedure, they want substantial verification of continuous revenue, which might be troublesome if your income isn't steady or if your business has just changed.

Navigating through so much paperwork to buy a home can be difficult and discouraging for some people. However, if you go outside typical bank loans, there are more possibilities readily available today. A very viable solution would be to seek out a Full Doc application.

At HY Capital, we can assist you in simplifying your application and providing you with something that will reward you over a period of time.

Why is being a Full Doc borrower ideal?

Full doc loans are the future of lending due to the overall return that you are given through this type of lending. Once your credit, income and assets have been verified we will step up and do the hard work to give you the desired results you seek.

Is a Full Doc loan available for business purposes?

Our full doc loans are available for business purposes but it would be ideal to seek an alt loan lending solution. Alt doc business loans (also known as no-doc loans) provide a terrific chance for small enterprises and self-employed individuals to get much-needed money.

Alt doc loans are quite similar to traditional company loans. The main distinction is that they do not demand as many financial statements, records, or other forms of documentation as traditional loans do. Low-doc business loans may be utilised to help small business owners improve their marketing reach, expand their firm, or refinance their existing debt in the majority of circumstances. 

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  • Property
  • Vehicle
  • Private Lending
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