Click here to download the Loan Approval Checklist (in pdf format)

Click here to get the Adobe Pdf reader.

The 1ST STREET Loan Approval Checklist (below) is a general guide outlining the documents required to successfully apply for a mortgage. Please note that not all borrowers require all the documents listed (eg. the Loan Application Fee and First Home Owners Grant are often submitted only after final approval) and that 1ST STREET has made this list as detailed as possible so that all borrowers may see what documentation is required depending on their particular circumstance.

Please ensure you have the following documents prior to our loan interview:

Income for PAYG borrowers
Copy of at least two (2) consecutive payslips or a letter from the employer on company letterhead with ACN/ABN confirming employment type and annual income.
Copy of the two (2) most recent tax assessment notices.

Income for Self-employed borrowers
Copy of last two(2) years’ tax returns – personal and business (ie profit/loss and balance sheet along with personal tax returns).

Other Income Verification
Rental income verification (eg copy of lease or managing agent statement of account). Proposed rental income (eg Letter of Opinion by real estate agent).

Loan Purpose
Copy of sale Contract (if purchasing).
Copy of last six (6) months’ bank loan statement (if refinancing).
Refinance
Completed discharge authority (on current lender’s documentation).

Verification of Assets
Copy of latest Bank statement for Bank Deposits.
Copy of Rate Notices for any properties.
Copy of Titles for any properties.

Servicing History
Copy of last six (6) months’ savings history (if purchasing).
Copy of last six (6) months’ loan statements (for all current loans).
Copy of current credit card statements

Other
Copy of 100 Point Identification Check (Passport or Birth Certificate and Drivers License).Direct Debit Request.
First Home Owner Grant (FHOG)
Complete original application form.
Signed and dated original Contract of Sale.

First Home Owner Grant (FHOG)
Complete original application form.
Signed and dated original Contract of Sale