DPN will provide you with comprehensive loan information including disclosure statements, fees, privacy policies, Lenders Mortgage Insurance, credit guide and the loan application.
We will liaise with the lender on your behalf to obtain a pre-approval. Each lender has different loan approval timeframes; however, a general guide is two to four weeks.
We'll also share a handy borrower's checklist, setting out the identification the lender requires to accompany your loan application, and we'll also need supporting information about your employment, income and savings history.
Note: It’s important we get all the necessary documents to prevent delays.
To start a loan application, we'll need your deposit savings information plus the details of the property you plan to purchase.
100 point identification
- Primary ID (70 points): Birth Certificate, Passport, Citizenship Certificate
- Secondary ID (40 points): Drivers Licence or other photo ID card
- Other ID (25 points): Medicare card, rates notice, utilities statement, credit card
- Marriage certificate
- Change of name certificate
Proof of Employment
A letter from your employer stating your salary or wage and commencement date and/or recent payslips and group certificate.
Evidence of a deposit
A minimum of 6 months savings bank statement, a term deposit certificate or shares / funds from equity products.
A copy of the property purchase contract
If you are building a new property, we will also require:
Copy of builders contract and schedule of payments (signed and dated)
Plans and specIfications
Copy of plans and specifications
Builder indemnity / public indemnity
Certificate of Currency