Bluestone Home Loans

Call your BDM or a

Bluestone specialist on

13 BLUE

different circumstances page headers

‘I’m a single parent with two jobs’

Customer challenges

  • They may have only been with their primary employer for a short time
  • Banks may not treat their second job as stable income and are likely to only accept 50% of the income from their second job

Bluestone solutions

  • Flexibility with income verification, including casual income, child maintenance and Family Tax benefit A&B
  • Flexible employment history accepted
  • No credit scoring – we assess each application on a case-by-case basis

Key Loan Features

  Prime Near Prime Specialist Specialist+
Max loan amount* $3m $2.5m $2m
Max LVR* 90% (no LMI)

85% (no LMI)

80% (no LMI)

ABN & GST

ABN 24 months, GST 12 months

ABN 12 months, GST 1 day

Full Doc – ABN 12 months, GST 1 day

Alt Doc – ABN 6 months, GST 1 day

Debt consolidation

Unlimited

Unlimited, including ATO debt, business debt or privately funded loans

Cash out

Unlimited – where >$200k or 50% of value evidence of purpose required

Unlimited up to 80%, $200k > 80%

Defaults/judgements

Ignored if paid up to $500

Up to $2000 or over 24 months ignored

Up to $2000 or over 12 months ignored

All ignored

Mortgage Arrears

Up to 14 days

Less than 1 month

Less than 2 months

Less than 3 months

Discharged bankruptcy

 

Acceptable if more than 2 years

Acceptable if more than 1 day

Part IX, X agreements

  Discharge more than 2 years Discharge more than 1 day

6 months’ clear repayments

*Subject to location, LVR and product selected

Need a quick answer on a loan scenario?

Call our Scenario Hotline on 13 BLUE to speak directly to a Senior Underwriter – they will be happy to answer any policy questions, workshop your customer’s scenario and help with your loan submission.

Call a Bluestone specialist