Low Documentation Loans Some Lenders are offering a "low documentation" service to home loan customers. This service permits a loan application with no proof of income and or minimal documentation. It is also available to owner builders. Some Low Document loans may require Lender's Mortgage Insurance. These facilities are very popular in the self employed community as annual tax returns are not required to prove an applicants serviceability capacity. A person in a new business or someone who has not completed their annual tax return can still apply for finance. It is even available for PAYG applicants in some cases. Many lo doc lenders will put a limit on what LVR the applicants may apply for.
