Acceptable applicants

Applicant guidelines:

Australian Mortgage Exchange [Aumex®] accepts a wide range of applicants for their tailored loan programs, so that more people can move forward with their lives and become owners of Australian property sooner. Please go through the loan programs that match your situation. For Australia's best home loan, click here now.

To view our loan programs click here now.

Applicant criteria for each loan type:

• Standard loan

• consolidation

• non genuine savings loan

• Interest only loan

• Fixed interest loan

• Home equity loan

• Lo doc loan

• No doc loan

• Nonconforming loan

• bad credit loan mortgage

• Construction loan

• Land loan

• Investor loan

• Non resident investment loan

• New Zealander investment loan

Standard Loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have a savings history or equity in property.
• Have good credit standing [minor defaults may be OK].
• Have at least 5% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Loan Consolidation [Premium loan]

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Non genuine savings loan [Prime and Standard loan]

The non genuine savings home loan is for people without the sufficient savings record to qualify for a loan, but can acquire 10% deposit, net of costs, to put to the home.

Sources of non genuine savings can be:

Securities accepted as per the standard loan.

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment, plus any credit and borrowings.
• Have good credit standing [minor defaults may be OK].
• Have at least 10% deposit clear of all costs. The deposit need not be saved and can be from:
  • Grants.
  • Gifts.
  • Borrowings from relatives and
  • Personal loans.
• The applicant can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • PAYG contractors
  • Self employed
  • Small business operator

apply here

Interest only loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Fixed Interest Loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Home Equity Loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 20% saved or 20% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Lo Doc Loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have good credit standing [minor defaults may be OK].
• Have at least 20% saved or 20% equity in property after all costs.
• Can be:
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • A Company
  • A Trust

apply here

No Doc Loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have good credit standing [minor defaults may be OK].
• Have at least 35% saved or 35% equity in property after all costs.
• Can be:
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • A Company
  • A Trust

apply here

Nonconforming loan

Acceptable applicants must:

• Have full income verification to show they can afford the repayment. [ or low LVR may be accepted]
• Not be un-discharged bankrupts.
• Have a savings history or equity in property.
• Have at least 20% saved or 20% equity in property after all costs,
  • If credit impaired the deposit or equity may be higher.
• Can be:
  • Wage or salary earner
  • Wage or salary earner
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Bad Credit Loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment. [ or low LVR may be accepted]
• Not be un-discharged bankrupts.
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs, depending on credit impairment [may be lower LVR, requiring higher deposit].
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Construction Loan [residential]

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Land Loan [residential]

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Investor Loan

Acceptable applicants must:

• Be permanent residents of Australia.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

Non Resident loan

Acceptable applicants must:

• Have full income verification to show they can afford the repayment.
• Have good credit standing.
• Be of good character.
• Have a savings history or equity in property.
• Have at least 25% saved or 25% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

New Zealander loan

Acceptable applicants must:

• Be permanent residents of Australia or New Zealand.
• Have full income verification to show they can afford the repayment.
• Have good credit standing [minor defaults may be OK].
• Have a savings history or equity in property.
• Have at least 10% saved or 10% equity in property after all costs.
• Can be:
  • Wage or salary earner [at least six months in permanent employment]
  • Wage or salary earner [at least 12 months part time or casual employment]
  • Retirees with investment income.
  • Full time investor.
  • PAYG contractors
  • Self employed
  • Small business operator
  • Professional
  • A Company
  • A Trust

apply here

To apply for a loan online click here now and select the loan program suits you best.

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