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Full Doc Home Loans

Brighten Empower – Full Doc home loans for Prime and Near Prime PAYG and self-employed borrowers

Variable rate from

6.79
%

p.a.*

Principal & Interest
6.82
%

p.a.#

Comparison Rate

Complimentary Assessment

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Loan purpose:
Owner occupied or investment property:

Purchase

Refinance

Equity Release

Suitable borrowers:
Prime and Near Prime:

Salaried Employees

Self-employed

Repayment types

Principal and interest

Interest only (up to 5 years)

Interest rate types

Variable rate

Loan size

Min $50,000

Max $2,500,000

Maximum LVR

95% (Inclusive LMI)

Max Loan Term

Up to 30 years

Repayment method

Direct Debit, BPAY, Pay anyone

Acceptable security:
Category 1,2 and 3 Postcodes:

Apartments

Townhouses

Houses

Online Access

Through the Brighten Home Loans portal

Full Doc Loan Application Documents Checklist

Brighten Empower Prime
Full Doc Prime Home Loan

Income Documentation – PAYG

  • 2 consecutive payslips

Note: where serviceability is reliant on additional income from employment such as overtime, allowances, bonuses, the most recent PAYG summary / Single Touch Payroll (STP) summary must be provided.

Income Documentation – Self-employed
2-Year Financials (Available to loans ≤95%LVR):

  • The last 2 years Financial Statements, including business/trust and personal Income Tax Returns; AND
  • Latest 2 years ATO Notice of Assessments

OR
1-Year Financials (Only available to loans ≤80%LVR):

  • The most recent 1 year Financial Statements, including business/trust and personal Income Tax Returns; AND
  • Latest available tax assessment

OR
Company Wages: The applicant(s) must demonstrate that they have received a regular salary or director wages consistently for the last 6 months
(Only available to loans ≤80%LVR):

  • 2 consecutive payslips no older than: Monthly payslip ≤45 days old; Fortnightly payslip ≤30 days old; or Weekly payslip ≤30 days old
  • 6 months bank statements showing payments being made via salary credits to the transaction account or ATO Income Statements noting YTD income declared.
  • An Accountant’s Letter confirming that the company has sufficient profits to meet its business commitments and that the business has traded profitably for the last two years.

Cash Out

  • Unlimited up to 80% LVR*

*For loans from 80%-90% LVR, cash out is restricted to 20% of the security value.

Credit History

  • Paid defaults up to $500 may be considered
  • Arrears less than 1 month in last 6 months accepted
Brighten Empower
Full Doc Near Prime Home Loan

Income Documentation – PAYG

  • 2 consecutive payslips

Note: where serviceability is reliant on additional income from employment such as overtime, allowances, bonuses, the most recent PAYG summary / Single Touch Payroll (STP) summary must be provided.

Income Documentation – Self-employed
2-Year Financials (Available to loans ≤95%LVR):

  • The last 2 years Financial Statements, including business/trust and personal Income Tax Returns; AND
  • Latest 2 years ATO Notice of Assessments

OR
1-Year Financials (Only available to loans ≤80%LVR):

  • The most recent 1 year Financial Statements, including business/trust and personal Income Tax Returns; AND
  • Latest available tax assessment

OR
Company Wages: The applicant(s) must demonstrate that they have received a regular salary or director wages consistently for the last 6 months
(Only available to loans ≤80%LVR):

  • 2 consecutive payslips no older than: Monthly payslip ≤45 days old; Fortnightly payslip ≤30 days old; or Weekly payslip ≤30 days old
  • 6 months bank statements showing payments being made via salary credits to the transaction account or ATO Income Statements noting YTD income declared.
  • An Accountant’s Letter confirming that the company has sufficient profits to meet its business commitments and that the business has traded profitably for the last two years.

Debt Consolidation

  • Unlimited debt consolidation including payout of ATO debts

Cash Out

  • Unlimited
  • Business purpose accepted^

^Security must be an investment property and not the only significant asset

Credit History

  • Unlimited defaults up to $1,000 accepted (paid or unpaid)
  • Unlimited paid defaults > $1,000, registered > 24 months accepted
  • Arrears less than 2 months in last 6 months accepted

How does it work?

1

Submit Your Application

We process your application and supporting documents, and issue you with a complimentary conditional written approval within 48 hours.

2

Valuation & Income Verification

We will begin our valuation and income verification process after Valuation Fee is settled.

3

Documents Signing

We will issue you the formal loan approval, then we will forward you all the necessary documents you need to sign.

4

Settlement

We finalise your settlement, and your loan is released to you. Congratulations!

Why Choose Brighten?

1

Superior Product Offering

Comprehensive and competitive Full Doc, Alt Doc and Construction loans, available to Prime, Near Prime, Expat and Non-Resident buyers.

2

Fast turnaround times

48-hour SLA supported by our experienced team and a proprietary cloud-based loan origination platform.

3

Diverse and Resilient Funding

Well-established warehouse-funding arrangements with multiple Top Tier Banks, a public RMBS programme and a wholesale credit fund to provide further funding diversification.

4

Better Service Proposition

Our experienced team are available when you need them to help you navigate your home loan journey.

5

Trusted Partner

Award-winning non-bank lender with an extensive broker and aggregator network across Australia.

6

Environmental, Social, and Governance

Good governance, social responsibility and sustainability are key pillars of our culture.

*Available for new Brighten Empower Prime (OO P&I) loans ≤70%LVR. # The comparison rate is based on a secured loan of $150,000 and a term of 25 years. WARNING : This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.