Non-conforming home loans

Non-conforming home loans allow anyone who does not meet the credit criteria of mainstream lenders to secure home finance.

Non-conforming home loans are a lot more flexible than in the past and are available as a variable, fixed or split rate loans, and have many of the features of a more traditional loan, such as offset accounts. The interest rate and/or fees on non-conforming home loans may be slightly higher.

Non-conforming loans are also a great way to repair your credit rating, and some lenders will allow you to refinance into a more traditional style home loan after a period of time if you can demonstrate a good repayment history.

Consider a non-conforming loan if you are:
  • Credit-impaired
  • Self-employed
  • Non-resident
  • New resident
  • Security-impaired
  • Have a low or no deposit
  • Casual or seasonal worker
  • Older borrower

To assess your requirements and to negotiate a competitive deal, talk to your Loan Market mortgage adviser

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