How to find the right speciality home loan

Bad credit home loan card imageSpecialty loans can help borrowers who have unique circumstances.

The home loan market in Australia can appear fairly homogenous. While products can vary significantly in the interest rates and features they offer, standard home loans tend to appear fairly similar.

However, not all borrowers are alike. Each borrower comes to the home loan process with their own unique history and set of circumstances. Specialty home loan products recognise this, and offer help to borrowers with a variety of needs.


Bad credit loans

Banks weigh up your entire financial history when deciding whether or not to lend money to you. They look at your credit file and credit score to determine whether or not you’re a good credit risk. Most mainstream lenders have fairly stringent criteria when it comes to the borrowers they’ll accept, but some lenders specialise in borrowers who sit outside these criteria.

Bad credit loans allow you to secure finance even if you’ve had some negative marks on your credit history. Lenders who deal in these loans typically take a more hands-on approach to assessing your credit file, and take into account the circumstances that led to poor credit history. However, be aware that these loans often carry higher interest rates.

Read our bad credit home loans guide


Low-doc loans

Standard home loans tend to require a very specific set of documents. Borrowers have to provide payslips to prove their income. However, for self-employed borrowers, this is no easy feat. Many borrowers don’t receive PAYG income, and don’t have access to the standard documents used to prove their earnings. Low-doc loans exist to help these borrowers.

Low-doc can be a bit of a misnomer, as the documentation requirements for these loans are no lower than for standard loans. The difference lies in the types of documents accepted. Borrowers are able to provide accountants letters, Business Activity Statements (BAS), income declaration forms or other types of documentation to show their earnings.

Find out more about low doc home loans


Self-managed super fund loans

Self-managed superannuation funds (SMSFs) allow investors to take control of their retirement savings and invest them as they see fit. One of the asset classes open to SMSFs is property.

Many lenders offer home loans specifically for SMSF property investment. These loans are structured like normal home loans, though the structuring of the actual SMSF for property investment can be fairly complicated.

Find out more and compare SMSF home loans


Reverse mortgages

For Australians headed into retirement, the family home can often be their most valuable asset. If retiring Australians want to provide themselves income but aren’t ready to sell their home, a reverse mortgage can offer a solution.

Reverse mortgages lend money based on the equity in the borrower’s home. Unlike traditional mortgages, reverse mortgages don’t have to be repaid on a regular basis. They are typically repaid when the borrower either sells the home or moves into an aged care facility.

Read more and compare reverse mortgages

Getting expert help

Many specialty lending solutions can be more complex than traditional home loans. The products can carry higher interest rates than mainstream mortgages, and a limited number of lenders offer these products. Seeking expert advice can help you navigate specialty finance solutions. You may benefit from contacting a mortgage broker.


Short-term finance

Short-term finance can refer to a variety of different loan structures, but they all share one feature in common: they provide a home loan solution to bridge the gap between more traditional home finance options.

Short-term loans could come in the form of second mortgages, bridging loans or caveat loans. They are repaid quickly, with some lasting as short as 60 days and others running as long as a year. Short-term lenders provide fast approval and quick access to funds when time is of the essence.

Read our bridging loans guide

Frequently asked questions about speciality home loans

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Credit services for Aussie Select, Aussie IQ and Aussie Optimizer products are provided by AHL Investments Pty Ltd ACN 105 265 861 Australian Credit Licence 246786 ("Aussie"), and its appointed credit representatives. Credit for Aussie Select products is provided by Residential Mortgage Group Pty Ltd ACN 152 378 133 Australian Credit Licence 414133 (“RMG”). RMG is a wholly-owned subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian Credit Licence 234945. Credit for Aussie Optimizer products is provided by Perpetual Limited ABN 86 000 431 827 (Lender). Credit for Aussie IQ is provided by Macquarie Bank Limited ABN 46 008 583 542 AFSL and Australian Credit Licence 237502. Home loans issued by the Lender are serviced by Macquarie Securitisation Limited ABN 16 003 297 336, Australian Credit Licence 237863 (MSL).

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Rates last updated July 16th, 2018
$
Loan purpose
Offset account
Loan type
Your filter criteria do not match any product
Name Product Interest Rate (p.a.) Comp Rate^ (p.a.) Application Fee Ongoing Fees Max LVR Monthly Payment Short Description
3.64%
3.66%
$0
$0 p.a.
80%
Pay no ongoing fees and enjoy a flexible repayment schedule, including the ability to make unlimited additional repayments without penalty.
3.69%
3.69%
$0
$0 p.a.
80%
Enjoy flexible repayments, a redraw facility and the ability to split your loan. Plus, pay no application or ongoing fees. Get $1,000 cash into a USaver account when you take out a loan of $200,000 or more (new or refinance). Terms and conditions apply.
3.69%
4.11%
$0
$395 p.a.
80%
Save on interest with a 100% offset account and save on other ME products with this package loan.
3.49%
4.49%
$0
$395 p.a.
90%
Loans over $150k get a discount off an already low fixed rate. Available for NSW, Qld and ACT residents only.
3.64%
4.03%
$0
$395 p.a.
80%
New borrowers or refinancers from another lender get a discounted rate with this package loan.
3.65%
3.66%
$0
$0 p.a.
90%
Competitive interest rate and low fees. Available with a 10% deposit. Partial offset account attached (offset up to $15,000).
3.65%
3.66%
$0
$0 p.a.
80%
This special rate mortgage has no ongoing fees and offers flexible repayments. Save $595 in establishment fees before 30 September.
3.69%
3.70%
$0
$0 p.a.
90%
Package your loan and get an interest rate discount, a 100% offset account and help from an HSBC relationship manager.
3.68%
3.82%
$0
$10 monthly ($120 p.a.)
80%
Let the mortgage experts at Aussie do the hard work for you. Speak to a broker about this competitive home loan and compare many other offers from across the market.
3.54%
3.58%
$0
$0 p.a.
80%
Eligible borrowers can get $900 cashback on this loan with a 100% offset account and a redraw facility.
3.52%
3.53%
$0
$0 p.a.
80%
Go from application to approval in as little as 20 minutes with a variable rate loan from this innovative online lender. Add a 100% offset account for $10 a month.
3.75%
3.75%
$0
$0 p.a.
70%
Pay no application or ongoing fees and get a flexible loan with the ability to split up to 6 times.
3.70%
4.13%
$0
$395 p.a.
90%
Package your loan with an eligible credit card for discounts on rates and fees, and get a 100% offset account.
3.72%
3.74%
$0
$0 p.a.
80%
Save on interest by taking advantage of a 100% offset account along with no ongoing fees or application fees.
3.59%
3.74%
$0
$10 monthly ($120 p.a.)
70%
Low-rate loan with 100% offset account for owner occupiers. You need a 30% deposit to get this mortgage.
3.74%
3.74%
$0
$0 p.a.
80%
A basic owner-occupier home loan with a low variable rate that requires a 20% deposit.
3.64%
3.64%
$0
$0 p.a.
70%
Get a discount for keeping your LVR at 70% or below with this innovative online lender.
3.85%
3.85%
$0
$0 p.a.
80%
Pay no application and ongoing fees with Macquarie Bank Basic Home Loan.
3.79%
3.79%
$0
$0 p.a.
80%
Get a 100% offset account and pay no application or ongoing fees on this special variable rate for owner-occupiers.
3.64%
3.64%
$0
$0 p.a.
70%
A basic variable home loan that offers a competitive interest rate with no application fees and no ongoing fees.
3.78%
3.78%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a free redraw facility with this innovative online lender.
3.62%
3.62%
$0
$0 p.a.
95%
A low deposit mortgage with a competitive rate and plenty of flexibility. QLD residents only. Eligible borrowers can get a 15% discount on home and contents insurance for the life of their loan.
3.69%
4.09%
$600
$395 p.a.
95%
A package loan that offers discounts and a 100% offset account.
3.59%
4.67%
$0
$395 p.a.
90%
Enjoy a competitive rate with no application fee for this package loan.
3.49%
3.52%
$500
$0 p.a.
95%
This mortgage combines a very sharp interest rate with a 100% offset account and it's available with a 5% deposit.
3.79%
3.83%
$600
$0 p.a.
95%
Competitive, flexible rate mortgage with simple features and low fees. Low deposit option available.
3.58%
4.71%
$0
$299 p.a.
95%
Let the experts help you get a mortgage. Speak to a broker about this sharp fixed rate loan and compare many other mortgage offers from across the market.
3.74%
3.74%
$0
$0 p.a.
110%
Pay no deposit or LMI and get a discounted rate with this family pledge loan. Requires a family member to act as guarantor. NSW, Qld and ACT only.
3.68%
3.83%
$0
$10 monthly ($120 p.a.)
80%
Get a 100% offset account to save on interest charges, and pay no application fee.
3.74%
3.79%
$600
$0 p.a.
80%
Family guarantee option available. Enjoy flexible repayments and a low minimum loan amount.
4.27%
4.32%
$445
$0 p.a.
85%
Variable investment loan with 100% offset account. Face-to-face consultations available for NSW and ACT customers.
3.76%
4.15%
$0
$395 p.a.
90%
A high maximum LVR home loan with redraw facility and additional payments. Includes a 100% offset account.
3.72%
4.11%
$0
$349 p.a.
90%
Package your loan with other AMP products and save on rates and fees.
3.62%
3.62%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a redraw facility and flexible repayment schedule. Get $1,000 cash into a USaver account when you take out a loan of $200,000 or more (new or refinance). Terms and conditions apply.
3.62%
4.49%
$0
$0 p.a.
80%
Get a competitive rate and avoid ongoing fees. This loan is only available to current and former employees of eligible Queensland government organisations.
3.64%
3.69%
$600
$0 p.a.
80%
A competitive variable rate for borrowers with a 20% deposit or more. Guarantor option available.
3.71%
3.71%
$0
$0 p.a.
70%
A variable rate home loan that has a lot of flexible features. This loan has a 100% offset account.
4.04%
4.07%
$0
$0 p.a.
90%
For a limited time, pay no application or settlement fees. You can also take advantage of a free redraw facility.
3.79%
3.83%
$600
$0 p.a.
80%
A low interest rate loan with limited fees and a redraw facility. Principal and interest repayments only.
3.59%
4.14%
$395
$0 p.a.
80%
A one year fixed rate offer with no ongoing bank fees.
3.69%
4.13%
$500
$0 p.a.
95%
Competitive 3-year rate for homeowners. Comes with a low deposit option and 100% offset account.
3.99%
3.74%
$0
$0 p.a.
90%
Borrow up to 90% of the value of the property you're buying, and pay no application fee.
3.77%
3.81%
$200
$0 p.a.
95%
A simplified mortgage with a low interest rate and a redraw facility.
3.64%
3.84%
$0
$0 p.a.
70%
Enjoy all the benefits of the Basic Home Loan and take advantage of an offset account.
3.99%
5.17%
$600
$0 p.a.
90%
Competitive rates for fixed for 3 years with redraw facility.
3.75%
4.00%
$0
$248 p.a.
70%
Get a sharp rate and a 100% offset account. Borrowers must have a 30% deposit.
3.79%
3.80%
$0
$0 p.a.
80%
Investors can go from application to approval in as little as 20 minutes with this innovative online lender.
3.99%
3.99%
$0
$0 p.a.
70%
Investors with a 30% deposit can get this low rate loan to fund their property portfolio.
3.85%
4.05%
$0
$350 p.a.
95%
This high LVR fixed rate loan allows you to borrow up to 95% of the value of the property you're buying.
3.59%
3.99%
$600
$395 p.a.
95%
Get interest rate discounts and waived fees on this package loan with a 100% offset account.
3.81%
3.81%
$0
$0 p.a.
80%
A home loan with a competitive rate and plenty of handy features. This product comes with a 100% offset account.
3.74%
4.01%
$395
$0 p.a.
80%
A competitive 3 year fixed rate with no ongoing bank fees.
4.29%
4.31%
$0
$0 p.a.
80%
Investors will pay no application or ongoing fees for this interest-only loan.
3.97%
3.97%
$0
$0 p.a.
90%
A variable rate loan with a 100% offset account. Available with a 10% deposit.Face-to-face consultations available for NSW and ACT customers.
3.74%
3.74%
$0
$0 p.a.
80%
Pay no application or ongoing fees and get access to a redraw facility and flexible repayment schedule.
4.05%
4.10%
$445
$0 p.a.
90%
Buy a home with just a 10% deposit with this variable rate loan. Face-to-face consultations available for NSW and ACT customers.
3.94%
3.71%
$0
$0 p.a.
80%
Apply online for this fixed rate, low-fee loan with redraw facilities and an optional offset account.
3.89%
4.87%
$595
$0 p.a.
90%
Borrow up to 90% of the value of the property you're buying and pay no application or ongoing fees.
4.14%
4.14%
$0
$0 p.a.
80%
Investors get a 100% offset account and pay no application or ongoing fees on this loan from an innovative online lender.
3.99%
4.86%
$0
$0 p.a.
80%
Access a fee-free 100% offset account and pay no application or ongoing fees.
3.99%
3.99%
$0
$0 p.a.
80%
Get a discounted, low-fee investor loan from a convenient online lender. 20% deposit required. Get $1,000 cash into a USaver account when you apply for a loan of $200,000 or more (new or refinance). Terms and conditions apply.
4.29%
3.88%
$0
$0 p.a.
80%
Investors can go from application to full approval in as little as 20 minutes with this innovative online lender.
4.14%
4.81%
$0
$0 p.a.
80%
Pay no application fees and access a fee-free redraw facility with this fixed rate loan.
3.99%
4.02%
$0
$0 p.a.
80%
Investors can enjoy flexible repayment options and pay no application or ongoing fees.
4.11%
3.83%
$0
$0 p.a.
80%
Enjoy a fast application process and flexible repayment options with this fixed rate mortgage for investing.
4.09%
4.12%
$0
$0 p.a.
95%
Buy a home with just a 5% deposit and get flexible repayment options and a redraw facility.
3.59%
4.42%
$600
$0 p.a.
95%
Get a 1% discount for the first two years of your loan and pay no application or ongoing fees.

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Important Information*
loans.com.au Essentials - Variable (Owner Occupier, P&I)

A competitive interest rate home loan with interest only options. Interest rate 3.64%p.a.
comp rate of 3.66%p.a.

UBank UHomeLoan Variable Rate - Discount Offer for Owner Occupied Variable P&I Rate — borrowing $700,000 or more

Pay no application or ongoing fees and get access to a redraw facility and flexible repayment schedule. Get $1,000 cash into a USaver account when you take out a loan of $200,000 or more (new or refinance). Terms and conditions apply.

Greater Bank Ultimate Home Loan - Discounted 1 Year Fixed LVR ≤90% ($150K+ Owner Occupier)

Loans over $150k get a discount off an already low fixed rate. Available for NSW, Qld and ACT residents only.

IMB Budget Home Loan - LVR <= 90% (Owner Occupier, P&I)

Buy a home with just a 10% deposit with this variable rate loan. Face-to-face consultations available for NSW and ACT customers.

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6 Responses

  1. Default Gravatar
    DavidApril 1, 2018

    Do any lenders in Australia provide home loans to temporary residents? We have lived here since 2006 on a 410 (retirement) visa, which is a ten year renewable visa giving full working rights. None of the conventional banks will consider us.
    Thanks.

    • finder Customer Care
      JoelApril 1, 2018Staff

      Hi David,

      Thanks for leaving a question on finder.

      Yes you can get a home loan as a non resident in Australia. Australia aims to promote growth by offering migrants easy options for home ownership, and as such, does not penalise permanent or temporary residents with things such as higher monthly payments. As a temporary or permanent resident, all the same terms, interest rates, and features (including offset accounts and the option to delay your mortgage payments under certain circumstances) that are offered to Australian citizens will be available to you. As such, the same eligibility criteria also applies. This includes;

      -Ongoing regular employment – you must be employed and be able to afford repayments on the loan with your income
      -Evidence of existing assets (liabilities, savings, equity)
      -A good credit history in Australia (if available)
      -Proficient funds to cover fees associated with purchasing property
      -Loan security (i.e. the value and saleability of your property)
      -Sufficient identification
      -Age (you must be over 18 to apply for a loan).

      Hope it helps.

      Cheers,
      Joel

  2. Default Gravatar
    JenMarch 18, 2018

    I live in an over 50’s retirement village, a one bed unit which is situated in the best location in the village with expansive views of gardens and lake and quite private. I paid 98K for this in 2016 (other units at the time were 80K) and I think it is now worth between 110-115K according to RE.com.au. I want to use my equity in this unit and also rent it out and use the profit from rental which will be $8000 pa to fund all my expenses at the new unit and the figures I have worked out show this is possible. I would be no worse off financially at all and could comfortably pay a mortgage up to $450 per fortnight and still live comfortably. The new unit is 2-3 bed, on the beach with garage and courtyard and is a much better investment. I plan to offer $290k. How much equity would I get as a deposit? What is this type of loan called? I am on a pension but I can prove that I can afford this according to all the expenses details that I have typed up. I have no other debts. I know its difficult for pensioners to get a loan but I plan to try every avenue. Are some lenders better than others to approach? I will of course go to my own credit union that I have been with for the past 10 years or so and hope they will help me. Thank you for any information.

    • finder Customer Care
      AshMarch 28, 2018Staff

      Hi Jen,

      Thank you for visiting finder.

      A Line of Credit is a kind of loan wherein you may use your equity for any purpose that you may need it. If your current home loan does not have this feature, you may need to refinance through the Lenders listed on this page. With this kind of home loan, you are using your property as a security and can access the equity at a lower interest rate.

      For the Deposit of the new property, you may need to provide at least 20% of the amount to avoid getting a Loan Mortgage Insurance (LMI) as the Loan to Value Ratio (LVR) of most Lenders is at 80%. You may look at this page – https://www.finder.com.au/home-loans-for-pensioners for more information regarding the Home Loans offered to Pensioners. The Lenders will look into your financial capability for the approval of your home loan.

      Moreover, you may consult the Mortgage Brokers listed on this page to help you find the suitable home loan for you.

      I hope this helps.

      Let us know if there is anything else that we may assist you with. Enjoy the rest of your day!

      Cheers,
      Ash

  3. Default Gravatar
    neilJuly 30, 2017

    I’ve currently a specialty home loan and are looking to refinance for a better deal most top banks won’t look at us and brokers haven’t been able to help. Where to next?

    • finder Customer Care
      LiezlJuly 31, 2017Staff

      Hi Niel,

      Thanks for reaching out.

      While I’m unable to give you financial advise, you may refer to our home loan finder on this page and select the home loan category from the drop down box. This will generate the available loan options under that category. You’ll find refinancing in the list.

      I hope this will help.

      Cheers,
      Liezl

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