Union Fidelity Capital Funding - Irregular Loan Facilitators Phone: 1800 241 281

Union Fidelity™
Irregular Loan Facilitators

Phone: 1800 241 281

We ask....
because every loan is different,
and every solution is tailored to suit your current requirements,
no matter how pressing your clients current situation

Rate

Union Fidelity™ Residential No Doc

.as at

What does No Doc Mean?-For this specific lender means that your client is self-employed - and is borrowing strictly for business purposes in a Company Name or ABN.
No Doc Refers to No Documentary Proof of Income... everything else by way of assets and liabilities, rates notices and conditions as per a normal residential home loan will be required

No Doc - Capital Cities

From 10.25%

Criteria

Coded / Uncoded

Uncoded Residential Product <2 acres

Security

1st Registered Mortgage Residential Security in Capital City of VIC, NSW, ACT, QLD

Max Loan Size

$750,000 or 75%LVR, $1M @60% LVR $1.5M at <50%LVR

Min Loan Size

$250,000 @65%LVR

Purpose

Purchase / Refinance / Consolidation

Servicing

Pure Asset Lend - Not Relevant

Additional Conditions

Borrowings can be used ONLY for the following purposes:
(a) Inject funds into a business
(b) Refinance Proven Business Debts by verifying original business use by
(i) Statement from Current Funder to prove for business use
(ii) Statutory Declaration
(iii) Proven by disbursements statement at settlement
- Valuation Conditions
The valuation will require 5 of the 6 points to be satisfied to be acceptable for being done as a no doc loan:-
(3 points)
3 comparable sales in the immediate area within 20% of the purchase price / detailed value of each security property
(3 points)
3 comparable sales within the last 3 months in the immediate location

Lenders Fees

1.25% App Fee + Val's and Legal Fees at State Scale + risk fee deducted at settlement calculated in impairments

Union Fidelity™ Quick Documents
Application Form (.doc) or (.pdf)
Accountants Letter (.doc) or (.pdf)
Self Certified Declaration
Servicability Calculator (.xls)
Postcode Check
Eligable Security
Litigation Funding

External Links
Get a copy of your CRAA
Is your broker licensed?

..Just Settled...$1.2M Residential Sydney @ 65%LVR, $1.5M Commercial Retail Sydney @70%LVR, $550,000 Rural Moree at 50% LVR, $1.75M Residential Gold Coast at 65% LVR, $200,000 Rural Residential at Port Macquarie at 60% LVR, $990,000 Rural at Molong at 50% LVR, $2.9M Commercial in Sunshine at 55% LVR, Self Managed Super Fund Loan to $1.2M Melbourne Residential @55%

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