- Age: You must be at least 18 years old.
- Income: You must have a stable income and be able to demonstrate your ability to repay the loan.
- Credit history: You must have a good credit history with no defaults or missed payments.
- Employment status: You must be employed or self-employed for a minimum period of time.
- Property: You must have a property to secure the loan against, such as a home or investment property.
These are general eligibility criteria, and specific requirements may vary depending on the lender and the type of loan product. It’s important to discuss your individual circumstances with a Melbourne mortgage broker to determine your eligibility for their services and to explore your options for obtaining a home loan