All Topics / Finance / Non-conforming Construction loan full doc

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  • Profile photo of Joseph12Joseph12
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    @joseph12
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    Anyone knows which finance providers offer these loans.

    Thanks.

    Profile photo of Richard TaylorRichard Taylor
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    @qlds007
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    Yes how non conforming does the loan need to be ?

    Richard Taylor | Australia's leading private lender

    Profile photo of Joseph12Joseph12
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    @joseph12
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    5 paid defaults with a total of around $20K listed and paid around 05/06.

    Profile photo of Richard TaylorRichard Taylor
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    Joseph

    There are a couple but depending on where the security is located, zoning, loan amount, lvr and whether it is full status or lodoc will determine whether it can be done and at what rate.

    Richard Taylor | Australia's leading private lender

    Profile photo of Joseph12Joseph12
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    @joseph12
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    Vacant land in Central Coast. LVR at 80%. Lodoc. Loan amount $750K.

    Profile photo of Richard TaylorRichard Taylor
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    Assuming residential zoning standard block size and normal lodoc requirments are met then yes with a rate from around 10.75% upwards.

    Richard Taylor | Australia's leading private lender

    Profile photo of Joseph12Joseph12
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    @joseph12
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    Which lender ? La trobe ?

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