If you’re self-employed, you’ve probably heard the term “Low Doc Loan” thrown around. But what exactly does it mean — and is it right for you?

At Logan Home Loans, we work with many clients who don’t fit the traditional lending box, so here’s a clear breakdown.

What Is a Low Doc Loan?

A Low Doc (short for “low documentation”) loan is designed for self-employed borrowers who may not have the usual paperwork that traditional lenders require. Instead of two years of full financials, you can use:

• BAS statements
• Business bank statements
• Accountant’s income declaration

These help show your true earning capacity, even if your tax returns paint a more conservative picture.

Who Can Benefit?

Low Doc Loans are ideal if you:

• Have recently started your business
• Use legal tax strategies that reduce your taxable income
• Are waiting for updated financials
• Have strong business cash flow but limited “official” proof of income

What’s the Catch?

Because Low Doc Loans carry more risk for lenders, they can come with slightly higher interest rates or require a larger deposit. But with the right preparation — and the right broker — you can still access very competitive options.

Why Work With a Specialist?

Many mainstream banks don’t offer Low Doc options, but specialist lenders do. At Logan Home Loans, we help compare policies, rates, and lender requirements so you know exactly where you stand.

The takeaway: a Low Doc Loan can be the bridge between your self-employed income and your home ownership goals — and it’s often simpler than you think when guided by the right broker.