Which low doc lender has the lowest rate in 2026?

Lowest rate depends on your income type. Several lenders 0.3-0.7% above standard.

How much deposit do I need for low doc?

20-30% typical. 20% possible with strong factors.

What documents do low doc lenders require?

12-24 months BAS, accountant's letter, bank statements, declaration.

Are low doc rates higher than standard?

Yes — 0.3-0.7% above standard. Refinance to standard after 2 years.

Are halal low doc loans available?

Yes — Islamic providers offer alt-doc for Muslim self-employed.

Best Low Refinancing

Who this guide is for

Self-employed Australian borrowers comparing low doc and alt doc lenders in 2026 — wanting current information not 2018 articles.

Sole traders and small business owners
ABN contractors with limited PAYG history
Cash-business owners with low taxable income
Borrowers comparing multiple low doc options

The local picture

"Best low doc lender" depends entirely on your situation. Some lenders excel for restaurant owners; others for IT contractors; others for newer businesses. Generic "top 5" lists are misleading.

How Mortgagefy helps locally

Mortgagefy compares current Australian low doc lenders against your specific income type and deposit. We match you to the lender that gives best terms for YOUR situation.

Free advice.

How it works — 4 simple steps

Free low doc chat

20-minute call about your income type, deposit and target home.

Compare 2026 low doc lenders

We match you to current best-fit lender for your situation.

Application support

We submit alt-doc/low-doc package end to end.

Settle your home

You move in via low doc structure.

Frequently asked questions

We use offer letters and vesting schedules to value RSUs conservatively. We present current vesting value + projected future vesting as a 3-5 year income average. This gives lenders confidence in your income stability while accounting for market volatility.

Both. We work with W2 employees, 1099 contractors, and consultants. For contractors, we use 2 years of tax returns plus business financials. We have lenders who specialise in contractor income—they understand the variability.

Unvested options have zero value for refinancing. We count only vested equity. If you have a 4-year vest, we use 25% of the grant value (what's vested) plus a conservative projection of future vesting.

If you've been in your new role 6+ months, most lenders will refinance. We'll use your offer letter plus 6 months of pay stubs. If less than 6 months, it's harder but possible with specialist lenders.

Yes, if you have 2+ years of bonus history. We average the past 2 years and present it conservatively. Some bonuses get counted at 50% to be conservative with variable compensation.

ESPP is counted as deferred compensation. If your company matches or you have a discount, we value it as part of total compensation package.

Find your best low doc lender for 2026

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Best Low Doc Lender in Australia for 2026