Home Loan Documents

The following tables provide a guideline as to which documents are needed for various scenarios. Not all documents within a table are necessarily needed; they simply indicate all the documents which are acceptable. Only one document within a relevant section may be sufficient, depending on your situation. 

The speed with which we can have your loan application approved, depends to a large degree on the speed with which you can supply us with the necessary documents. Your Capital West broker will be able to tell you exactly what documents will be needed, but we encourage you nevertheless to try and prepare as many documents prior to your appointment with us.

 

100 Point Identification   Acceptable Evidence:     Passport 70 points   Birth Certificate 70 points   Citizenship Certificate 40 points   Drivers Licence 25 points   Credit Cards (Mastercard or Visa) 25 points Medicare Card 25 points Telephone Account 25 points Electricity or Gas Bill 25 points Rates Notice 25 points

 

Proof of Income   Salary/PAYG:     Tax assessment notice Last two assessment notices   Most recent payslip No older than four weeks, and showing 3 months year to date earnings   Group Certificate Two most recent certificates   Letter from employer This needs to outline the nature and length of employment, position, and year to date income. A letter from your employer needs to be on business letterhead, with an ABN and phone number Self Employed:   Tax assessment notice Last two assessment notices (for all directors, if applicable) Personal tax returns Last two years Company tax returns Last two years Income statements and balance sheets Must be prepared by an accredited accountant Copy of stamped trust deed Only applicable for trusts

 

Proof of Genuine Savings   Acceptable Evidence:     Bank Statements Minimum of three months, but preferably six months   Superannuation Statement Showing non-preserved additional contributions   Share Certificate Showing share ownership for at least six months   Gifts Statutory declaration detailing the amount, and that the amount does not need to be repaid

 

First Home Owner's Grant   Acceptable Evidence:     Passport Certified copy   Birth Certificate Certified copy   Citizenship Certificate Certified copy   FHOG Application form Must be a signed, original application, specific to the applicant's state

 

Existing Debt & Financial Commitments   Acceptable Evidence:     Credit Card Statements Minimum of three months, but preferably six months   Personal Loan Statements Minimum of three months, but preferably six months   Mortgage Loan Statements Minimum of six months

 

Existing Property Ownership   Acceptable Evidence:     Proof of ownership Rates notice, title deed etc.   Contract of sale Signed by purchaser and vendor   Strata Insurance Certificate of currency   Insurance Certificate Showing current lender as an interested party

 

Additional Evidence Required   Acceptable Evidence:     Refinancing Investment Property Copy of current lease, a letter from a real estate agent showing expected rental, or six months rental income statements   Refinancing a Loan Loan (personal or mortgage) statements, and credit card statements, both for the last six months   Construction Loans Fixed price builder's contract, plans (approved by council), and certificate of builder's insurance