Home loan application checklist

It's worth speaking with a home loan expert first, but our checklist below can help get you started.

Proof of identification

You'll need to provide a minimum level of identification documents to prove your identity. These may include:

• Australian passport or foreign passport and an Australian visa grant notice evidencing an Australian resident visa
• Australian driver licence or Photo ID Card
• Change of name or marriage certificate
• Full birth certificate, citizenship certificate or descent certificate
• Medicare, Centrelink or Department of Veterans’ Affairs card.

Income

Wage/salary income

• Most recent payslip no more than 6 weeks old
• For casual employees the 2 most recent payslips are required
• Latest income statement or full copy of latest personal tax return that can be found on myGov – Tax File Numbers removed/crossed out.

Self employed

• Last 2 financial years Company/Partnership/Trust financial statements and taxation returns; and
• Last 2 financial years full personal tax returns
• Most recent years' Notice of Assessment; and
• Business Activity Statements (BAS) for the current financial year (management accounts may also be required).

Self funded retiree

• Letter from the superannuation fund stating the regular payment; or
• Full copy of previous year’s tax return (income summary), and current evidence of the regular payment.

Investors

• Statement/letter confirming income received in the current financial year and current value of investment, being no more than 3 months old; and
• Copy of latest personal tax return and most recent years' Notice of Assessment.

Rental income

• Managed by Agent – full monthly rental statement, being no more than 2 months old
• Self Managed – copy of current lease or statutory declaration from the Tenant (stating amount of rent paid) plus evidence of receipt of rent payment for past 3 months e.g. account statement showing deposits
• Holiday let/serviced apartment – evidence of income received over past 12 months.

Other income

• 100% access to a fully maintained company vehicle – letter from employer confirming unrestricted use
• Family Tax Benefit/Pension payments – letter from Centrelink – no more than 4 weeks old or up to 3 months old with evidence of payments received since date of letter
• Child Maintenance – latest Child Support Agency (CSA) assessment plus evidence of payments received over the last 6 months.

Deposits and savings

• Evidence of funds to complete purchase/construction of property is required, including:
• Last 3 months savings account statements (required for mortgage insured loans over 85%)
• Gift Statutory Declaration
• Receipt for deposit paid to real estate agent/builder
• First Home Owner Grant Application Form.

Please speak to one of our home loan experts for more information about funding a deposit for a home loan with the assistance of our Family Guarantee.

Liabilities

Loans being refinanced

• Last 6 months statements (latest statement being no more than 2 months old)
• Most recent statement for credit cards (no more than 2 months old).

Loans not being refinanced

• Most recent statement for all loans and credit cards (no more than 2 months old).

Child support

• Latest child support agency assessment form (where a child support assessment has been completed); or
• Written and signed agreement between parents detailing amount and frequency of payment.

HECS/HELP payments

• HELP debt balance that can be found on myGov.

Property details

• Property to be purchased
• Copy of the front page of contract (preferably including the purchasers’ names in full and purchase price) or marketing contract and sales advice from agent.

Home to be constructed

• Copy of Builders Tender or contract
• Copy of Plans and specifications.
• Copy of Land Rates Notice.

Please note: Original documents are required. Further documentation may be requested upon analysis of the application and documents provided.