Maternity Leave Home Loans

Home Loans Whilst on Maternity Leave

Why should you be declined for a home loan or mortgage because you’re on maternity leave from your employment?

We work smart and apply some common sense enabling you to buy your new home for your family prior to returning to work.

If you need two incomes to afford your home loan, no worries. We simply:

1.  Obtain a letter from your employer confirming your return work date and income upon your return
2. Provide proof of your ability to afford repayments during your maternity leave

Essentially, the process is to confirm that you will have sufficient savings, paid leave, government leave etc to confirm you can afford the home loan repayments during the period of maternity leave.

As long as we can prove affordability during the period of maternity leave we can seek approval on this basis. This is true no matter how much of a deposit you have available to you – whether it’s 5% or 50%. Our job is to demonstrate your ability to pay.

What Should I Do Next?

Let’s talk. We offer a free, zero pressure, 30 minute Home Loan Strategy Session.

One of our Finance Strategists will talk to you about your situation, and needs, and tell you exactly what finance options are available. The consultation is free of cost, and obligation.

If any of these questions are on your mind, fill out the form to schedule your strategy session right away:

How does buying a home in Australia work? How can I get a home loan while on maternity leave? How much can I borrow? Do I need a 20% deposit (usually not!) What interest rates are available? What would my monthly repayment obligation be? How soon can I get approved? How does Lenders Mortgage Insurance work? Do I need it? If ANY of these questions – or any other home loan questions – are on your mind, schedule your Home Loan Strategy session today.

We can help you get an approved loan and get you in your new home, sooner than you might imagine!

Don’t Delay, Act Today. There’s No Obligation.