Loan application

Real estate loan application: the documents to have on hand before applying.

Make your home loan application a smoother experience. Here are all the documents you need when applying for a mortgage

This article was produced in partnership with Westpac

Applying for a home loan is an exciting time, but the process can be overwhelming for some people.

The good news? The better prepared you are, the easier it can be. Part of the process includes gather documentation to show your income, expenses, assets and liabilities.

While you can visit a bank branch or meet with a broker, banks like Westpac also give you the option to apply online – so you can easily upload your documentation directly from your smart devices whenever and wherever be right for you.

So whether you’re getting ready to submit an application or just started browsing the listings, get a head start with this list.


If you are not an existing customer with your chosen lender, you will need to provide documents confirming your identity and proof of address. This may be as simple as providing your license or passport number, or you may need to provide a combination of primary (a passport or driver’s license) and secondary (birth certificate, ATO assessment, or Medicare card) documents. ). Even if you are an existing customer, some lenders may still require an initial in-person identification to initiate the home loan application process.

Proof of income:

For people who receive an annual salary, you will need to provide at least two recent payslips. Keep in mind that they must show your before and after tax salary and how often you get paid.

If your income also includes overtime, bonuses, or if you work as a casual or shift worker, you may also need to provide additional PAYG payment summaries or your tax returns for the past two years.

Candidates who are self employed will likely need to include a personal and business tax return for the past two years, as well as a balance sheet and profit and loss statement for the business.

People receiving assisted income such as child support, Centrelink or pension may also need to provide proof and six months or more of transactions.

Other forms of income to submit may also include payments from a trust and additional investments, such as a stock portfolio or brokerage account.

A quick reminder: the documents required to process your mortgage application vary depending on your personal situation and your lender. If you are unsure of how to proceed, you should contact your bank for assistance.


This includes statements of your savings accounts, term deposits, superannuation, as well as a list of any assets, stocks or bonds you may have. You will also need to provide documentation showing that you have the correct deposit amount.


Your lender will perform a credit check as part of the application process, but you’ll also need to provide details of any outstanding loans or debts you’re repaying. These could be recent credit card statements, personal loans, auto loans, or additional home loans you may have. If you recently closed a loan or credit card after paying off the balance, it’s a good idea to provide the closing statement as part of your application.

Proof of expenses:

You will also need to provide details of your monthly expenses. When you gather supporting documents, make sure they clearly show how much and how often you are paying for these expenses.

Examples of recurring monthly expenses may include groceries, child care expenses, insurance, clothing and personal care, property taxes, corporation and condominium fees, recreation and entertainment expenses , transportation, utilities, internet and mobile bills, streaming services, and higher education and training costs. . To do this, uploading your most recent bank and credit card statements is a great place to start. From there, you can identify your regular expenses to get a complete picture of your expenses each month.

If you are a current tenant, you will also need to provide your current tenancy agreement with the address, tenant names and rental amount, as well as a rental record, a letter from your agent or property manager and a statement bank showing your payment cycles.

Other examples of your expenses may include child support and spousal support.

And after?

You may also consider getting conditional approval to help you feel more confident as you explore the market and seek to bid or bid at an auction, before your formal home loan application is completed. be approved. However, this amount may differ slightly from the final loan amount. Conditional approval is usually valid for 90 days and can be renewed if you need more time – but check with your bank.

Once you have obtained conditional approval, secured your property and provided the sales agreement, you will be on your way to receiving your mortgage agreement which officially gives you the funds to purchase your property.

If you have any questions along the way, with Westpac every online candidate has access to a dedicated home finance manager to help you. guide you through the process.

General tips:

This information is general in nature and has been prepared without taking into account your objectives, needs and overall financial situation. For this reason, you should evaluate the suitability of the information for your own situation and, if necessary, seek the advice of an appropriate professional.

This article was produced in partnership with Westpac