Low Doc Home Loans

Low doc home loans for self employed borrowers can be used for residential, investment or business property purchases.


Many New Zealanders enjoy the freedom of working for themselves, but being self-employed means time is of the essence, not to mention the challenge of keeping up with the paperwork of running your own business.

Many self-employed borrowers talk to a mortgage adviser over a lender because they want a wider range of home loan options. Talking to a Loan Market mortgage adviser is like having your own personal finance expert to help you secure a competitive home loan with the right lender.

This means:
  • Simplified paperwork
  • A flexible application process
  • A competitive interest rate
  • Access to equity for your business/personal and investment finances

If you’re self-employed and want to fund business growth or finance a new business initiative but have a fluctuating income then a low documentation (low doc) loan may be just what you are looking for.

Low doc loans can be used for residential, investment or business property purchases. But there are some conditions attached to low doc home loans, so it’s important that you understand what you’re getting into. There’s a lot to think about like how to make repayments with a fluctuating income and how to get home loan pre-approval. You might also choose a line of credit mortgage rather than a standard home loan to cover your business needs.

Some lenders may also require you to take out Lenders Mortgage Insurance (LMI) for a low-doc loan with an LVR greater than 60 per cent, your mortgage adviser will help you negotiate a competitive home loan interest rate with a range of features to suit your needs.