What do I need to lodge an application for a home loan?

I read many articles on finance and how you can save money on your mortgage or how you can get into the market today – and yes, I am also doing the same.

But what I haven’t seen yet is an article explaining the type of evidence one would need to lodge an application.

Often, when I am with potential clients looking to start an application, they have no idea what kind of documents they will need. Well, without further ado, I would like to share with you a basic list of what you would need (generally speaking, of course) to get the ball rolling.


100 points of ID –

  • Drivers Licence
  • Medicare Card
  • Passport
  • Birth Certificate
  • Marriage Certificate (if maiden name is on documents)

Rates Notice

Evidence of any property owned – shows the lender you are the rightful owner of that property

Home Loan Statement

If you have a home loan, your broker will need an up to date six months’ statement showing your name, the lender and 6 months worth of transactions of good payment history.

Personal Loans / Car Loans

If you have a Personal Loan or a Car Loan, you will need to evidence this. Now, what you need to evidence depends on what you are doing.

If you are not touching the Personal / Car Loan, your broker will only ask you for your last statement to show ownership and that it is not in arrears.

If you are looking at consolidating the Personal / Car Loan onto your mortgage, your broker will ask you for three to six months’ statements to show ownership and good payment history.

If you have a car loan, you would normally also attain a Payout Figure or Quote from the lender also.

Credit Cards

If you have credit cards, the broker will again ask for a particular term of statement depending on the deal you are looking to go for.

If you are not consolidating, simply provide the last statement.

If you are consolidating, provide up to date 6 month history for the credit card showing ownership and good payment history.

Proof of Income

This is where it can get a little tricky, generally, I say the more evidence you can provide in relation to your income, the stronger your application will be.

If you are a PAYG employee, you can usually attain:

  • Last 3 payslips
  • Last years PAYG Summary
  • Last years Tax Return & Notice of Assessment.

If you are Self Employed, you will need:

  • Last 2 years Individual Tax Returns
  • Last 2 years Company Tax Returns
  • Last 2 years Company Financials
  • Last 4 Business Activity Statements (Low Doc)

If you receive Family Tax Benefits or Pension benefits, the broker will request:

  • Recent Centrelink statement within the last 3 months showing regular payments being made to you.

**Please note, most lenders will assess Family Tax Benefits according to how old your dependents are. If they are 13 years of age or older, lenders will scrutinise this income saying it won’t be present for much longer and they may choose not to include the income for servicing. Your broker can explain more about this in your appointment.

If you receive rental income, you will need:

  • Last period’s rental statement from a licensed RE Agent or;
  • Your lease for the period showing the amount to be received.

Purchase Documents

In the scenario where you are purchasing a property, the broker will also need:

  • Signed Contract of Sale for the property being purchased
  • Signed Construction Contract with Council Approved Plans and Drawdown Schedule (if you are buying a block of land or constructing a new home)
  • An up to date 6 months statement from your savings accounts showing the deposit to be used in the purchase.


This is a guide and, after meeting with your broker, they will advise as to what they need and don’t need but if you have the above information ready to go, you will be amazed at how easy the deal can progress from there.

For more information about what you would need to evidence for an application or if you are ready to proceed with a loan application, contact Red Tick Home Loans today and let’s get the ball rolling for you. πŸ™‚

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