Most lenders when applying for a home loan (Full Doc) will require the below documents at a minimum to assess your loan. Below is a list of documents that are required for most applications.

• Copy passport and drivers licence scanned or taken via phone on a white background for each applicant.
• Copy of current rates notices for property/ies being offered for security.
• 3 months of payslips, each applicant if PAYG.
• If self-employed will need the last two personal years tax returns and notice of assessments
• If self-employed will need the last two years Company financials and tax returns.
• If there is a trust deed attached to company, a copy of trust deed is required.
• Last 6 months of home loan statement/s or transaction listing to show 6 months continuous transactions.
• Current credit card statement/s if applicable.
• Copy of current statement for any other loans.
• The loan assessment turnaround time will depend on how quickly you can gather the information and provide it in a legible format. Common issues with information provided is the following:
• Poor scans of documents
• Documents not signed
• Screen dumps from mobile phones provided which are not accepted by lenders
• Documents that do not have any data on them to identify you as the document owner ie. name, address and account number.
• Licence or passport expired

Pre-approval, or conditional approval, is given — this indicates how much the lender is willing to loan to you, providing the property valuation and credit checks come back as expected. When bidding at an auction or searching for your first home, the pre-approved amount gives you a good idea of which houses you can afford to buy.